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Saturday, August 22, 1998

Maruti launches Zen diesel, priced at Rs 20,000 more than Uno in Calcutta
Maruti Udyog on Friday launched Zen-D, the diesel version of its Zen model, simultaneously in Calcutta, Chandigarh, Delhi, Mumbai, Bangalore and Chennai. The car is priced about Rs 4.5 lakh in the city -- Rs 20,000 more than Fiat Uno's diesel version.

PFC empowered to borrow, invest without centre's clearance
The state-run Power Finance Corporation has been given `full freedom' to raise and invest resources without recourse to formal case-by-case clearance from the government.

FIPB may take up Tata airline plan on own accord
The Foreign Investment Promotion Board (FIPB) is contemplating taking up the Tata Airline proposal on its own if the civil aviation ministry fails to give its views on the airline in the next few weeks.


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  Comalco H1 profit seen driven by cost cuts
  Hyundai strike edges towards solution
  Autodesk to acquire Discreet Logic for $530 million
  Corporate Briefing
  Pasminco 1997/98 year profit seen sagging
  Bharat Forge plans diversification to beat automotive sector slowdown
  Sony India to unveil new ware, upgrade existing models
  Sluggish market fails to hold Maruti sales back
  RPG kicks off group firms' stake transfer to Ceat
  Thermax Culligan plans to set up plants across the country
  SOTC Kuoni Travel changes name to facilitate Swiss parent's local restructuring
  Problems galore afflicts Bharat Diamond Bourse complex
  MNCs seek licence for mining work in Rajastan
  BankAm, ABN Amro hike short-term differential deposit rates
  Andhra Pradesh Paper plans Rs 196cr investment
  Corporate Briefing
  Honda pullout from Kinetic Honda follows trends in scooter market
  Air India may report Rs 80 cr operating loss in first quarter
  ICICI sells 6.35% stake in Sri Vishnu to Raju in crucial deal
  Forbes Gokak shareholders okay buyback scheme
  Hinduja Finance net jumps 37 per cent
  IDBI gets SEC go-ahead for US bonds issue
  Salt adds spice to Corn Products turnaround
  NIIT to hike FII holding limit

ICRA: An independent investment information and credit rating agency


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