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Escorts to pick up 49% stake in US firm
Aiming for a global presence, Escorts Ltd has entered into a memorandum of understanding (MoU) to acquire a 49% stake in a US tractor distribution company and is negotiating with a European company, located in Poland, for assembly facilities.
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HCL may drag Compaq to advertising watchdog over personal-computer blitz
HCL is planning to move the Advertising Standards Council of India (ASCI) against arch-rival Compaq, charging the latter with issuing misleading advertisements to promote its personal computers (PCs). HCL and Compaq have been involved in a bitter price war over the past couple of weeks.
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Dunlop scouts for asset buyers in two metros
Ailing tyre-maker Dunlop India Ltd has appointed solicitors Crawford Bailey in Mumbai and Orr Dignam in Calcutta to find a buyer for its prime assets in the two cities. The company, which applied to the Board for Industrial & Financial Reconstruction (BIFR) in January, informed the Department of Company Affairs (DCA) on March 13 about its bid to raise cash by selling real estate.
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"ONGC Mumbai region achieves production target before schedule"
The Mumbai region of the Oil and Natural Gas Corporation (ONGC) has achieved the production targets of oil, gas, condensate, liquefied-natural gas (LPG) and natural-gas liquid (NGL) ahead of schedule, ranging from nearly three months to 12 days for different products.
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