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Leisure
Wednesday, April 29, 1998
  The going gets tough for Channel [V]
The music channel, which was the numero uno amongst those of its genre, is slowly but steadily seeing an erosion. First, cable operators dumped its Channel V Awards show in parts of Mumbai last year. Then it allowed MTV to build relationships with advertisers and agencies through a series of events which generated a lot of goodwill for the comeback channel. Now the news is that its star veejay Ruby Bhatia is leaving the channel for better prospects and that morale at the network is at an abysmal low.
  Godrej Foods to uncork yet another fruit drink
The Rs 300-crore Godrej Foods will add another fruit-drink to its Jumpin portfolio on Wednesday. Christened "Masti", the product is a mango-drink, expected to be competitively priced. Dealers hint it could be a 300ml pack on the lines of Yo Frooti, a Parle Agro product, Godrej Foods' nearest rival.

Pepsi records sales growth of 88% in April
Pepsi has turned the heat on the soft drinks market with a whopping 88% growth in sales during April. Pepsi attributes the sharp rise in sales to addition of a new brand -- Mirinda Lemon -- and relaunch of 7-UP to its stable and capacity additions.
Marketplace Briefing
The run-up to the Sydney Olympics seems to have already begun. Visa Asia-Pacific has announced a promotional initiative for travelers to Australia from June 1, 1998, to January 31, 1999. The programme is part of Visa's partnership with Australia's top travel organisations.


LIC

Syndicate Bank

NCPRB

 
RH Patil seeks tax relief for clearing corporations
The managing director of National Stock Exchange (NSE), RH Patil, has made a strong pitch before the finance minister to exempt clearing corporations from paying tax on income earned by them. This formed part of a five-point demand plan that Patil put forward in the pre-budget meeting attended by him in New Delhi on Monday for the development of the capital markets.

BSE auction throws light on speculative nature of bull run
The auction conducted on the Bombay Stock Exchange (BSE) on April 27 to bridge the shortfalls reported for the settlement ended April 17 has brought to light the speculative nature of the current bull run witnessed on the bourse. Stocks which hogged the limelight during the week ended April 17 have recorded chunks of auction volumes, signifying the presence of short positions which were not squared on account of a steady rise in the stock prices.