The Financial Express -- Corporate

Saturday, July 26 1997

Shareholders contest Sandoz swap ratio claim

The minority shareholders of Sandoz India have filed an affidavit in the Bombay high court claiming that the averments made by Sandoz in its affidavit dated July 15 are inconsistent to what actually transpired at the extra-ordinary general meeting in December last.

Oberoi Group plans leisure club foray

The Oberoi Group will start a chain of leisure clubs across the country. The group has launched CCA Lesiure Services, a 40:60 joint venture company of the Oberois and the Hong Kong-based CCA International Ltd, to oversee its latest business foray.

Kinetic Communications to take on auto electronics

Kinetic Communications Ltd (KCL), a wholly-owned subsidiary of Kinetic Engineering Ltd (KEL), will transfer the manufacture of auto electronics product line from group company, Jaya Hind Sciaky to itself by next year as part of redefining the business strategies of group companies.

Eicher applies brakes on Volkswagen car project

Court rejects objections against Hind. Ciba Geigy demerger

Shalimar Paints CEO Maria gets brush-off

BSES issues preference shares with 9.5% payout

Corporate Briefing -- Centre rejects Ford proposal

Allied Telesyn plans to expand business in India

ONGC targets 90% domestic crude share in Ninth Plan

Nod for AIF subsidiary to pick stakes in two Usha Martin cos.

IIQ Systems to set up Rs 5-crore subsidiary in US

Burns Philp hires US businessman as new chief

Takeovers are for core presence: Bay Networks

Indal seeks change in trade policy