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Monday, May 4, 1998
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Sterlite may step on the gas, hike Indal offer price
Sterlite Industries is planning a substantial increase in its open offer price for aluminium-maker Indal. Though the company is yet to decide on the exact price, Sterlite may make a fresh offer to Indal shareholders around Rs 140-Rs 150, which the financial institutions may find tempting enough.
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Knoll Pharma may consider Beem Healthcare merger
Knoll Pharmaceuticals may examine the feasibility of merging its wholly-owned subsidiary Beem Healthcare with itself, following its decision to concentrate on the prescription drugs business. Beem Healthcare, which commenced operations on January 1, 1996, is the company's over-the-counter (OTC) products marketing subsidiary.
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General Motors India likely to unveil variant Corsa models
General Motors India (GMI) is planning to launch a "family" of its small car Opel Corsa next year. GMI, a 50:50 joint venture of the Birlas and General Motors, was contemplating introducing Corsas with different power plants and hatchback options, all in the same platform.
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De Beers: New logo for a cutting edge
De Beers, the 110 years old, $10.5-billion (in capital) Anglo-Dutch diamond major, is seriously preparing to enter the next millinium with a renewed vigour and a brand new logo. For one, it has finally incorporated the `diamonds are forever' catchline in its new logo.
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