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Saturday, May 15, 1999

Telco shelves plan to export Indica for now
TATA Engineering and Locomotive Company Ltd (Telco) does not intend to immediately address the export market with its small car Indica. However, the company would commence development of the export model, work on homologation and ensure that the car meets all the norms of the markets abroad.

Kinetic Engineering's Firodia keeps his fingers crossed on mini-car plan
Kinetic Engineering Limited chairman Arun H Firodia is still hopeful that his long-forgotten mini-car project would see the light of the day. The company had sought excise relaxations on the micro-car and is still awaiting a government nod in this regard.

Cox & Kings recasts structure, shifts southern headquarters
The Rs 175-crore Cox & Kings India Ltd has shifted its southern region headquarters to Chennai from Bangalore.



  Maruti to roll out Euro-I compliant models by June
  Asci clears Madras Cements Ramco ad
  Apex court verdict helps Jyothi Labs edge out Reckitt & Colman
  Crompton Greaves net up 7% to Rs 23 crore
  Crisil assigns `AAA' rating to Tata Sons Rs 400cr debt plan
  SBI eyes 30% share in card business
  Indian Oil may rope in ONGC, MRL as partners for Nagapattina
  Air India in two minds over strategic ally plan
  NIFT, Sidbi to collaborate for loans under tech upgradation
  TT Travels in strategic tie-up with US firm Western Union
  Corporate Briefing
  Standard Chartered may transfer lease of its Calcutta main branch
  Cadila Pharma to market leprosy vaccine, HIV kit
  GIC may base wage scheme revamp on European model
  Financial Briefing
  Khaitan Electricals likely to relocate Calcutta fan unit



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