The Financial Express -- Corporate

Wednesday, May 14 1997

Allianz open to being minority partner with Alpic Finance

Allianz AG is open to being a minority partner in its health insurance joint venture with Alpic Finance Ltd. Under the terms of the MoU, Allianz AG, along with its Asia-Pacific partner Australian MMI Insurance Group, will float an insurance joint venture in the country. The joint venture is a part of the strategy to project the Alpic Finance as a universal bank.

Infrastructure Bond Issue

Hindalco keen on selling excess power to UP board

Hindalco Industries, the AV Birla group company, is negotiating with the Uttar Pradesh State Electricity Board for sale of excess power after the expansion of its captive power facilities in Renusagar, Uttar Pradesh. It had previously announced plans of increasing captive power generating capacity to hike its smelting capacity to 242,000 tonnes.

Bumpy ride ahead for auto ancillary industry

For auto ancillary units, which rode piggy-back on the automobile industry during the last few years, the second half of 1996-97 has come as a rude shock. The writing on the wall is now clear. The years of 25% plus growth rates have now faded into the distant past. The main reasons for the lower bottom lines were the higher interest and depreciation charges.

Stanchart ties up with Prudential Securities

Prudential returns to be extended to NBFCs

FII buying breathes life into dormant PAL-Peugeot scrip

Bank credit dips by Rs 1,440 cr

All SBI arms to tap market this year

Writ on Gordon Woodroffemerger with SWC quashed

General Insurance Jan Arogya Bima policy comes a cropper

Pepsi to pep up youth this summer

Singapore coin talks with Escorts Heart for cardiac JV

Hind Sanforisers to shift focus to financial services

State cabinet okay for MSEB to pick up 30% in Dabhol

Philips India to unpack slew of new products