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Monday, March 29, 1999

MSEB gets cracking on defaulters to recover Rs 2,800 cr
The Maharashtra State Electricity Board (MSEB) has decided to crack down on defaulters in a bid to recover arrears amounting to Rs 2,800 crore. A special drive all over the state will be launched from April 1 to May 31.

Ispat to tie up with China Light for power projects holding
The Ispat group is planning to float a new financial services holding company along with the Asian power major, China Light and Power (CLP). This entity will hold a stake in all existing power projects promoted by the Mittals as also new ventures, including some mega power projects.

Tata Infotech in strategic alliance with Catalyst Intl
Tata Infotech Ltd (TIL) entered into a strategic alliance with Catalyst International Inc, a leading supplier of warehouse management software.


Inspirations furnishing fabrics


  Corporate Briefing
  Sundaram-Clayton to hike foundry capacity
  MIPL plans to appoint bank as trustee for land
  FIs force Escorts to drop its equity restructuring plan
  Godrej Agrovet launches conversion drive for compound feed
  Sipcot to set up software park near Chennai
  Eli Lilly puts formulations on the block
  Ipco pulls out from Orissa port development project
  Datamatics buys Suraj Diamonds Seepz realty
  Amway goes on an expansion spree, launches Project Ghar
  Merry cups to target corporate clients
  General Motors India losses likely to surge past Rs 70 crore
  Voluntary retirement scheme option may prove unviable for firms
  ONGC, Gail grope in dark over navratna status
  SBI chargesheets CFO in urea scam case
  ACC, Rio Tinto venture to kick off operations after three-year delay
  Ranbaxy sells four Croslands brands
  Nod for ACL, CCL merger with Conscofe soon
  ACC to sell two more power plants to Tata Electric Companies
  Korea Zinc firm over Australian refinery plans
  `No uncertainty over Argyle's future plans'
  Aussie miner WMC sees low first half
  Pacific Metals to quit stainless steel business
  Blast shakes Chevron California refinery



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