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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.


Corporate Results


  Videocon plans `Next' brand
  Stemcor links Essar stake with IDBI loan sanction
  Telco plans to launch new mid-size car
  Disclose assets, HC tells directors
  IT cos plan on-line training
  Bizbits
  Shares remain subdued
  Poor rains to hit economy -- CMIE
  Touring bench of ITAT to be in town
  Condom vending machines for not-so-cool customers!
  QS 9000 for BFL



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