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Corporate Economy Expressions Markets Leisure Friday, March 20, 1998   Autoriders to harp on Saurashtra Cement "poor" management quality in offer plan Autoriders Finance is planning a bold gambit to grab the attention of potential respondents to its open offer for 20% of the equity of Saurashtra Cement. It is planning to include in its offer document to be filed with SEBI a series of points that would dwell on the negative qualities of the Saurashtra Cement's management.   UB Transit Systems may seek more time to submit transport-project report UB Transit Systems Ltd (UBTSL) plans to seek more time for submitting the detailed report on the Elevated Light Rail Transit System (ELRTS) project to the Karnataka government. The company was unable to prepare the report within the stipulated time. The state government had asked the company to prepare and submit the detailed report, which is considered as the status paper of the project, by this March. Higher other income props Goodyear net to Rs 10 cr Goodyear India has registered a net profit of Rs 10.32 crore for the year ended December 31, 1997, an increase of nearly 25% over the previous year's figure of Rs 8.27 crore. The company's turnover has increased marginally to Rs 546 crore, up from Rs 545 crore in the previous year. Reliance Petro calls EGM to hike authorised share capital Reliance Petroleum Ltd has convened an extraordinary general meeting (EGM) on April 15 to seek shareholders' approval to hike its authorised share capital by Rs 2,000 crore to Rs 7,000 crore. This is being done to pave the way for the phased allotment of three equity shares in lieu of a triple option convertible debenture (TOCD) in the form of a fourth conversion option for investors.   HLL wins first round in battle over tea sale in local market Hindustan Lever Ltd, a key player in the tea industry, has seen the partial fulfilment of its long-standing demand of being allowed to import tea for sale in the domestic market. But many of the tea majors have been caught completely off-guard by the government's recent decision to allow export-oriented units (EOUs) in tea to sell 25% of their production in the domestic tariff area. "India Cements bid to take over Raasi not hostile" Objecting to the takeover attempt by India Cements Ltd (ICL) on Raasi Cement Ltd (RCL) being termed as hostile, the counsel for DSP Merrill Lynch yesteday pleaded before a division bench of the Andhra Pradesh high court to clarify on the matter as media attention was rivetted on it.     Unit Trust approaches State Bank to offer electronic clearing service   Wind-up plea too severe, says SWC counsel   L&T set to commission regenerator for RPL   Corporate Briefing   Nike earnings slump 69 per cent in Q3   Autoriders bids for Saurashtra Cement, but Siddhee out of reach   France Telecom rings in record profit   Telstra Corp seen dominating market after float   Hindustan Petroleum, Esso Mauritius sign pact   Marketplace Briefing   GEC Alsthom to receive Rs 75 crore from GE Electrical for divisions' sale   Top-level reshuffle at GEC Alsthom   Equifax Venture to foray into debit-card services   GIC to kick off "managed-care" venture in health insurance   ICICI Banking Corp joins IBA   De Beers eyes diamond prospecting in Andhra, Orissa