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Thursday, April 8, 1999

Essar group chief turns hostile in JMM bribery case
Essar group of companies chairman on Wednesday turned hostile in the multi-crore JMM MPs bribery case, in which former Prime Minister PV Narasimha Rao is facing trial, reacting his statements made before the CBI earlier.

Seventeen SBI executives join fray for DMD posts
Seventeen chief general managers (CGMs) of the State Bank of India will battle it out for seven slots of deputy managing directors (DMD) on April 14 in New Delhi. This is one of the rate instances when so many vacancies have been created at the top tier of the bank.

Indian Oil's Servo Lubricants notches up 5% growth in sales in '98-99
Indian Oil Corporation's (IOC) flagship brand Servo Lubricants registered a sharp increase in sales during 1998-99 with an overall growth of nearly 5% in the finished lubricants category (excluding process oils).


Inspirations furnishing fabrics


  Archies Greetings offers 1
  Sterlite Industries acquires copper mine in Australia
  ONGC net profit may touch Rs 2,702 crore
  BHEL southern region bags orders worth Rs 865 cr
  TVS-Suzuki may post Rs 1,300cr turnover
  Petronet LNG inks pact with Chambal Fertilisers
  Mico to invest Rs 250 crore
  Morepen gets approval for non-sedative drugs
  ITI bounces back as sales jump 26.5 per cent to Rs 1,601 cr
  Konka of China to form venture with Hotline, Wittis
  Media Video to diversify
  ICICI steps in as co-owner of Uniworth House
  The Videocon changeover
  Market-place briefing
  Oberoi scours for foreign ally to partner flight catering business
  Arthur Andersen sets up new legal entity
  Amaryl Clubs
  JCT Electronics to pump in Rs 50-crore fresh equity
  Mazda spars with its old ad agency
  Corporate Briefing
  Allergan eyes Nicholas Piramal brands, new products in bid to double share
  BIFR sets April 16 deadline for IFCI to submit Cement Corp revival plan
  StanChart offers Rs 190cr golden handshake to its 1,130 employees
  Queensland coal royalty plan may hit Rio Tinto
  SocGen, Paribas formally reject BNP's hostile bid
  UTI releases Deepak Parekh panel report on US-64 revamp;
  SC takes up Bank of Rajasthan rights issue case



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