
Friday, July 2, 1999
M&M on restructuring drive; to hive off non-core businesses
Mahindra & Mahindra has kicked off a restructuring exercise to hive off unrelated businesses so as to stay focused on its core business of utility vehicles and tractors.
Sahara changes mind, withdraws slash in fares
Sahara Airlines, which triggered the fare war among domestic airlines earlier this season, backtracked on its decision by returning to the original fares on most of its routes barring metro ones.
Indal sells stake in Courtaulds to UK firm
Indian Aluminium Co (Indal) has sold its 30% stake in Courtaulds Packaging (India) Ltd to the UK-based Betts Group, the world's second largest producer of laminated tubes.
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