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Wednesday, June 16, 1999

Jet Airways to buy 10 Boeing 737-800s
Jet Airways has placed a purchase order for 10 "next generation" 737-800 Boeing aircraft, valued at approximately $550 million, the manufacturers have said. Jet had earlier announced at the Paris air show that it would lease five ATR 72-500 aircraft for its feeder routes.

M&M signs pact with Israeli firm for bullet proof vehicles
Mahindra & Mahindra (M&M) on Wednesday announced signing of a memorandum of understanding (MoU) with Israel's Plasan Sasa for designing and developing armoured (bullet proof) solutions on its utility vehicles.

Citibank goes to town with its international credit card
Citibank has announced the launch of its global card -- Citibank International Gold Card. By way of an introductory offer, customers applying for the card before end-September will get 50% off on first-year fees if used domestically within a month and 100% off on first year fees if used abroad within three months.



  MRF looks to exports to offset domestic demand slump
  BIFR approves Rs 47 lakh revival plan for Extrusions
  Daewoo not to roll out diesel version of Matiz
  Videocon, BPL slug it out over stake in Uptron Pictures Tubes
  Tribeni puts off its pulp unit's closure
  Bank of India's net profit likely to show 40% dip
  California gas dealers to sue Shell Oil, Texaco
  Visa to launch debit card by year-end
  Societe Generale raises bid for Paribas to thwart BNP's twin offer for banks
  Elf Atochem and BP Amoco form joint venture
  RPL's Jamnagar refinery may hum from next week
  Saraswaty Press to opt for Belgian knowhow to upgrade printing unit
  Airbus sees bigger jets but Boeing begs to differ
  RPL, Essar Oil to net Rs 500 cr as insurance claims
  Telco gears up to meet Indica delivery schedule
  Rising global yarn prices may help DCL Polyesters wipe out losses
  PAL holds talks with banks for funds to resume Padmini output
  Hindustan Motors lugs Porter to rural sector
  Alloy Steels Calcutta office may close soon
  IOC ties up with GAIL for LPG transportation



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