The Financial Express -- Corporate

Monday, November 3 1997

Wockhardt Hospital, Signa sign pact

Wockhardt Hospital & Heart Institute has forged an alliance with Signa Inc of the US whereby the former will become a part of the healthcare network of the latter. A Memorandum of Understanding will be signed shortly between the two firms. The move will result in an international perspective for the Bangalore-based hospital.

Asian Paints board nod must for transfer, ICI told

The Foreign Investment Promotion Board (FIPB) has asked Britain's Imperial Chemical Industries (ICI Plc) to get a supporting resolution from the Asian Paints board before it could consider its application for acquiring a 9.1% stake in the company. A industry ministry communique sent to the company recently states that the foreign company's application is incomplete according to the policy guidelines, and cannot be considered by FIPB unless accompanied by a board resolution.

Khatau workers present rehabilitation package to ICICI

Khatau Makanji Spg & Wvg co workers have submitted a Rs 21.42-crore rehabilitation package to the monitoring agency, Industrial Credit and Investment Corporation of India (ICICI). The workers have set up a cooperative society styled Kamgar Kapad Utpadak Udyogik Sahakari Society (Kkuuss) to run the company which has been closed down by the management since February this year.

Seven ONGC institutes to offer joint consultancy services

Mangalore Refinery to hike borrowing limit

ICI may park Asian Paints shares with FIIs

Dr Reddy's turns out anti-ulcer formulation for Ranbaxy Labs

Blue-chip corporates rush for cheap debt

Financial institutions team up to formulate norms

Essar Commvision set to sell 10% to GTE Corporation

Gridlock over Hinduja National Power, Coal India fuel-supply

Asian Paints board nod must for transfer, ICI told

Indian Airlines charts out winter schedule

Mysore Breweries to seek nod for directors' pay-hike

Air-India's mounting losses trouble aviation ministry