The Financial Express -- Corporate

Friday, July 11 1997

FIPB spikes Udayan Bose move to sell 51% in Merwanjee Forex

The Foreign Investment Promotion Board has rejected Udayan Bose's proposal to sell 51% stake in Merwanjee Forex Pvt Ltd to the Dutch company, UN Holdings BV.

Foreign players head for Sipcot park

Several foreign companies from the UK, the US, Korea, France and Japan have approached the State Industries Promotion Corporation of Tamil Nadu Ltd (Sipcot) for allotment of land at Irrungattukottai industrial park area where the Korean auto major Hyundai is putting up its car project.

MTNL's Qualcomm trial proves a non-starter

Mahanagar Telephone Nigam's (MTNL) maiden attempt to offer phone-on-demand through a trial run of the Qualcomm system has failed to take off. Two months after the system was launched, only 150 persons have subscribed.

ANZ Grindlays new branch

ICI to earmark Rs 200 crore for alliances and acquisitions

Good ice-cream melts homogeneously

Aegis tows in Swedish firm for venture

Reliance may shut down cracker unit for two weeks

Bank of Rajasthan board yet to okay MD's appointment

Exempt educational channels from licensing: Discovery

Prism Cement chief executive quits

Kirloskar Cummins: will it be `flagship' of future investments

Ispat eyes senior managers

Financial Briefings -- RBI warns unregistered finance firms

Ucal group to join hands with Mitsubishi