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FINANCIAL EXPRESS FRONT PAGE

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Monday, May 24, 1999

MTNL set to hive off value-added services
The Mahanagar Telephone Nigam Ltd (MTNL) is close to hiving off its value-added services into a separate subsidiary to be called Prime Telecommunications. The subsidiary will be based out of Mumbai, the commercial capital of the country.

BPL, Bharti Telecom, TCIL seek tie-up with PowerGrid
Private telecom companies like BPL, Bharti Telecom and Telecommunications India Ltd (TCIL) have sought alliances with the state-owned Power Grid Corporation (PGCIL) for using its wide transmission network to enhance telecom services like internet access nationwide.

Reckitt & Colman sets sights on 50% sales growth in four years
The Rs 446-crore household and over-the-counter (OTC) pharmaceuticals manufacturer Reckitt & Colman of India has finalised plans which will see the company shake off years of complacency to emerge as an aggressive and customer-focused player in the non-durable FMCG market.



  DoT jams Koshika, Aircell, JT Mobiles networks
  VSNL set to join Intersputnik bandwagon
  TCS to offer comprehensive software for healthcare
  Philips sets up millennium panel for Y2K compliance
  Corporate Briefing
  Corporate Briefing
  Archies opens shop in Abu Dhabi
  TN Agro hopes to turn around this fiscal
  Sharp dip in Tata Steel profits recoils on yearly performance
  ITC, cigarette companies raise prices in bid to boost margins
  Turkey probes Reliance, Indo Rama for dumping
  Karnataka Soaps targets Rs 200cr sales in '99-2000
  Fulford, Parke-Davis tieup will hinge on Schering-Warner Lam
  Radico Khaitan to set up distillery in Kyrgyzstan
  Slowdown stings Texmaco; profit plummets 63% to Rs 4.49 crore
  Ambica Resorts plans to strengthen presence in south, to set
  IDFC submits draft bidding document forport projects
  Transporters seek withdrawal of toll tax collection by L&T
  Road, rail viable for transporting Numaligarh products
  State Bank of Indore rapped for banker to issue norms violation
  PPR takes over MobilePlanet to enter E-commerce
  AK Steel to acquire Armco for $842m
  IDBI may post marginal growth in net -- Analysts
  Bayer puts UTI's board nominee plea on hold
  Indian Oil, HCL figure in list of I-T defaulters
  Chieftains don guru's garb for slum kids
  Diavik diamond project on schedule



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