
Friday, September 10, 1999
Rolls-Royce sets up Indian arm
British aerospace and engineering major Rolls-Royce Plc announced the formation of its wholly-owned and first indigenous subsidiary in India, Rolls Royce Energy Systems India Pvt Ltd.

HPCL plans Rs 10,000 cr investment
Hindustan Petroleum Corporation Ltd (HPCL) has planned investments of around Rs 10,000 crore in the next few years to strengthen infrastructure, building new pipelines and product upgradation programmes and customer services.

MTNL GDR issue in Oct
Mahanagar Telephone Nigam Ltd's (MTNL) proposed disinvestment of 19 million government shares would hit the market by the end of October, a top company official said.

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