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Sunday, April 5, 1998
  CESC likely to report Rs 70 crore loss
CESC is expected to incur a loss of at least Rs 70 crore for 1997-98, despite a record generation of 3,981 million units in 1997-98 against 3,363 mu during the previous fiscal. Speculation is rife that the loss could be around Rs 120 crore, but close watchers of CESC believe that it will not be that high.
  Tata Finance hikes interest rates for all Telco vehicles
Tata Finance, a leading financier for Telco vehicles, has started the new financial year with an across the board increase in interest rates. The company has effected a two percentage point hike in interest for all Telco models. Even the controversial Safari has not been spared.

Voltas sees 25% volume growth in '98-99
Voltas hopes to grab a major share of the market for air-conditioners in the current year with a projected 25% growth in volumes. A revamped marketing strategy coupled with good finance schemes is likely to enable the company to attain the target.
Syndicate Bank plans to introduce 24-hour banking
The Manipal-based Syndicate Bank plans to introduce 24-hour banking and extend seven-day banking facilities at selected branches. The bank will install more automatic teller machines (ATMs) in 1998-99.


LIC

Syndicate Bank

NCPRB

 
Bank of Baroda gets RBI approval to retail gold
Bank of Baroda has received the Reserve Bank of India's (RBI) nod to retail gold in the domestic market. The Mumbai-based nationalised bank has joined the long list of banks allowed to open a gold counter. The list includes Bank of India, Indian Overseas Bank, Canara Bank, Allahabad Bank, Bank of Nova Scotia, ABN Amro, Standard Chartered Bank, Corporation Bank, Oriental Bank of Commerce and Bank of Baroda.

Bacardi-Martini local unit to be Asia-Pacific sourcing hub
Bacardi-Martini India's manufacturing facility in Karnataka is likely to be the sourcing hub for the Asia-Pacific region. Bacardi-Martini India, a 74:26 joint venture between Bacardi Martini group and Gemini Distillers of Bangalore, has already invested Rs 18 crore in its facility with a production capacity of four lakh cases per shift.

 


  MCCI moots "cluster" concept for auto-ancilliary producton in Pune
  Delhi high court revises FM rates on AIR
  Corporate Briefing
  Parle Agro to set up mineral-water unit in Haryana
  Trac ropes in Sonkor of HK to produce ACs
  Hyderabad Industries to up stake in Malabar Building
  Venkitaramanan tipped to head Best & Crompton
  Executive Briefing
  Sachs India to make shock absorbers of global standards
  BoB chairman urges bank auditors to enhance standards
  World Briefing