The Financial Express -- Corporate

Sunday, December 21 1997

Mangalore Chemicals revival scheme hits another speed breaker

The problem with the BIFR revival package for Mangalore Chemicals & Fertilisers (MCF), the ailing UB group company, seems to have worsened with the Government of Karnataka asking for a period of two months to consider a proposal made by Kribhco. If the package is found unacceptable, then the state government will consider a proposal by the UB group.

Mobil Peevees plans to set up bottling facility for LPG venture in Chennai

Mobil Peevees Company Ltd, a joint venture between the oil major Mobil and a Kerala-based NRI group Peevees Ltd, is considering setting up a bottling facility for its LPG venture in Chennai and has identified two possible sites for this purpose. The company is weighing the probability as against acquiring existing plants which are non-operational.

Hero Honda mobikes may trundle past one-lakh mark by year-end

The western region, comprising Maharashtra, Gujarat and Goa, has emerged as the biggest markets for Hero Honda. Last year, close to 75,000 vehicles were sold in this market. This year, the company crossed the 75,000-mark within the first eight months itself. Hero Honda's motorcycle sale is expected to cross the one-lakh mark by the end of this year.

Fiat firm against stake in PAL-Peugeot

Amoco-Enron gives up solar power plan in Rajasthan

Hero Honda mobikes may trundle past one-lakh mark by year-end

Monsanto plans to spread base in east Maharashtra

Balagarh power project may clear last hurdle soon; FIPB nod not needed

Jessop may float open tender to sell HQ building

Motorola to open academy in January

Air India board clears fleet expansion

Fiat plans to sell 30,000 Uno in India next year

World Briefing -- "Portugal Telecom can finance investment"

Australia's BHP flags off major asset sale

IBM, StorageTek to compete in disk market

Corporate Briefing -- Nalco likely to pay 8% dividend

Gianni Agnelli's grandson on Fiat board

Mangalore Chemicals revival scheme hits another speed breaker

Honda Philippines adjusts to sales dip

Mobil Peevees plans to set up bottling facility for LPG venture in Chennai