The Financial Express -- Corporate

Wednesday, December 17 1997

Canon India likely to set up manufacturing base by 1998

Canon India Pvt Ltd, a fully-owned subsidiary of Canon Inc, is planning to set up a manufacturing base in India by 1998 to make photocopiers. The investment will be around $7.5 million. The company is aiming for a market share of 25% in India by 2010.

Cutfast Abrasives merges with CUMI at 5:1 swap

The swap ratio for the merger of Cutfast Abrasive Tools Ltd with Carborundum Universal Ltd (CUMI) has been fixed at 5:1-one share of CUMI for every five shares of Cutfast Abrasives with the merger effective from April 1, 1997. The shares of CUMI were trading at Rs 81 levels while that of Cutfast was changing hands at around Rs 15 on Monday.

Rallis ties up with UK firm for herbal medicines

Rallis, a Tata group company, has entered into an alliance with the UK-based Phytopharm for the development of plant-based medicinal treatments. The agreement wil be effective from January 1998.

Rallis ties up with UK firm for herbal medicines

DoT seeks lower tariff for value-added services

Prasar Bharati mulls clamping licence fee on radio, TV sets

MTNL plans WiLL trials

Cutfast Abrasives merges with CUMI at 5

Marketplace Briefing -- Wipro launches inkjet printers

Canon India likely to set up manufacturing base by 1998

Diktat on merchant bankers strains SBI Caps-ADB alliance

Corporate Briefing -- Cutfast merges with CUMI at 5

State Bank Sena union threatens strike over employees' transfer

Unicef asks Centre to allocate 20% of annual budget to social sector

Barauni refinery on alert as army stumbles on Ulfa plot

Finance ministry puts JCT in the dock over deals with subsidiaries

Computer Associates fares well despite Asian crisis

Court order may see Chidambaram replaced as Spic chairman

Mitsubishi to cut New Zealand car production New Zealand

World Briefing -- Roche Holding signs China joint venture