The Financial Express -- Corporate

Thursday, May 15 1997

AI, IA fleet beef-up likely to be delayed

The crucial aircraft acquisition plans by Air India (AI) and Indian Airlines (IA) are likely to be further delayed as the board goes about appointing new committees. The joint AI-IA board has appointed a new sub-committee to evalute the bids for the 50-seater aricraft to be inducted by IA. The IA committee has found three aircraft comparable in technical performance.

Infrastructure Bond Issue

Mukand plans 420mw power project in Madhya Pradesh

Stainless steel major Mukand Ltd will set up a 420 MW power project at Korba in Madhya Pradesh with an investment of around Rs 1,200 crore. This is in addition to various small captive power plants that the group is setting up at its various energy intensive plants.

FIs pull up Rajinder Steels over project handling

The Rs 450-crore Kanpur-based Rajinder group has run into trouble with the financial institutions deciding against funding Rajinder Steels and Rajinder Pipes cost overruns. The institutions are insisting on a pledge of shares while holding that Rajinder Steels "is not amenable to institutional discipline".

IDBI to offer 11% on 1-year deposits

Tamil Nadu Dadha Pharma to be merged with Sun Pharma

BPL shelves plan to acquire Allwyn refrigerator unit

I-Net to cover 24 more cities

Get your trust deeds right to avoid litigation

Australian major to tie up with Alpic Finance

State asks Meltron to submit restructuring proposal

Ranbaxy: Rethinking on global strategies?

Nalco Chemicals net up 23%

Bajaj net at Rs 441 cr, calls bonus meet

HC asks Pilsak to submit proof on zinc skimming

Aruna Sugars Fin takeover offer to open on May 27