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Thursday, November 12, 1998

Arvind Mills unveils Santej facility, ties up with Mark & Spencers, Polo
Arvind Mills, fighting the worst ever economic slowdown, has lined up a slew of high-potential tieups with global brand-owners Marks & Spencers and Polo, which will source shirting and knit fabric requirements from Arvind's new integrated textile complex at Santej, Ahmedabad.

Saurashtra Cement attempts gambit to ward off Autoriders
The Saurashtra Cement takeover drama has taken a climactic twist, which may lead to the entry of a major foreign co-promoter in the company for the first time.

Toshiba mulls software centre at Hyderabad's Hi-Tec City
Toshiba Electronics has evinced interest in setting up a wholly-owned subsidiary software development centre at the L&T Hi-Tec City project in Hyderabad. The project will be inaugurated by prime minister AB Vajpayee in less than ten days from now.


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Patel Roadways Limited


  Dutch group Baan now scrambles to hang on
  Sotheby's says investments push third-quarter loss wider
  NatSteel Electronics buys IT firms
  Microsoft, Qualcomm launch wireless joint venture
  Informix plans to invest $15 million in country
  Novo Nordisk sets up local enzymes outfit
  Gujarat told to show cause on AEC stake selloff
  NTPC draws up extensive capacity addition plan
  Mak & Associates, Dubai firm plan Rs 188 cr agro-hub
  Modi GBC venture to step up equity base via tights issue
  Corporate Briefing
  Ispat International NV net income dips in third quarter
  Sundaram Finance, Fiat Auto set up car-finance firm
  Essar Oil extends commissioning of Jamnagar refinery by 3 months
  Banks allowed to rediscount bills discounted by NBFCs
  Environment ministry clears Bina refinery
  Basu seeks Vajpayee help to stall mines closure
  Stage set for centre's exit from Lubrizol
  Industry flays move to hike duty on P-II, Celeron chips
  RBI to set up hub to connect banks through V-Sat
  London firm in talks with GIC subsidiaries for tieup
  Cargill-Continental deal leaves US traders wary
  PSEL targets multimedia; reduces exposure to Y2K
  Encos promise to reduce corporate burden on power


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