The Financial Express -- Corporate

Friday, August 8 1997

Bombay Dyeing cuts corners, trims workforce by 5%

The Nusli Wadia-owned textile major Bombay Dyeing has reduced its workforce by 5% in 1996-97 through a voluntary retirement scheme aimed at slashing costs. Out of 10,000 employees in the company, around 500 persons have opted for voluntary retirement.

IBP paints town red with new logo

Indo-Burma Petroleum Company (IBP) is painting the town red with a new logo and product banner, "IBP Red". The logo, while retaining the basic colours of the IBP's old one, presents the company's initials more prominently to dispel confusions about similar-sounding initials of rivals like ``BP''.

Hughes Software to set up second development centre in Karnataka

Hughes Software Systems (HSS), the Indian subsidiary of the $800-million Hughes Network Systems Inc (HNS), will set up another software development centre to develop a wide spectrum of communications, networking systems and products.

Auto finance firms in overdrive to chase clients

Investment bankers, lawyers raise eyebrows over Lever naivette

Pond's managing director Balaraman joins Hindustan Lever board

Financial Briefings -- IFCI pact with foreign banks for $100 mn

IBP to double borrowing cap, plans $15 mn overseas loan

Corporate Brieifings -- Hindustan Zinc Q1 net at Rs 38 crore

Firms should aid social development, says Athreya

Matsushita to hold 70% in white goods ventures with Videocon

Infosys chief believes in his staff, says never sacrifice long term goals

Coal India to restructure subsidiaries' capital base

Shareholders approve Coates, Valspar venture

Microsoft seeks Apple alignment