The Financial Express -- Corporate

Tuesday, May 27 1997

Omron to hike stake in SRA Systems

Omron Corporation, the $5-billion Japanese electronic control components and equipment major, is to hike its stake in SRA Systems. Omron will shortly pick up four lakh shares in the Chennai-based software house at a premium of Rs 30%. This will increase Omron's stake to 29% from the present 20%.

Infrastructure Bond Issue

TCS to sub-contract Y2K work to SRA

Tata Consultancy Services (TCS) has entered into an agreement with SRA Systems for sub-contracting some of its Year 2000 (Y2K) projects. SRA will kick of a three month long pilot project for TCS, involving 30 people on a time and material basis.

United Phosphorus reneges on deal with MJ Pharma

United Phosphorus (UPL) has apparently backed out of a deal to buy over Mumbai-based MJ Pharmaceuticals bulk drugs manufacturing unit at Ankleshwar, GIDC. MJ Pharma is now a part of the Sun Pharmaceuticals group.

Birla-AT&T set to kick off roadshows

Sun to pump in $3.5m more into Caraco

Kalyani Brakes in buyback arrangement with promoter

Tisco: More to taxing times than tax alone

HLL, Dutch firm join hands for yeast production

IPCL net up to Rs 510 cr

Eicher Motors declares 10 per cent maiden

Bank of Maharash gets new chairman

Corporate -- Briefing

CRB collapse unnerves ad agency

CRB men: Waiting for Bhansali

Is LML within sight of Bajaj Auto?