
Tuesday, October 27, 1998
Mitsubishi set to walk out of Eicher Motors
Japanese auto major Mitsubishi Motor Corporation (MMC) plans to pull out of Eicher Motors by selling off its 7.5% stake in the company, according to an MMC official.
Marketing outlay stains Colgate show; net trips to Rs 18 cr
Colgate-Palmolive (India), which incurred a sharply higher marketing expenditure, has posted a significant 59.49% drop in net profit in the first half of the current fiscal to Rs 17.71 crore from Rs 43.72 crore in the corresponding period last year.
Alcan shuffles Indal core group; inducts 5 expatriats on board
Alcan Aluminium, the Canadian parent of Indian Aluminium Co (Indal), has made sweeping changes on the board of its Indian subsidiary by nominating five new expatriates, and has created the post of an executive chairman and managing director.
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