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FINANCIAL EXPRESS FRONT PAGE

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Tuesday, July 6, 1999

Tejendra Khanna is Ranbaxy chief
Former commerce secretary Tejendra Khanna has been elected chairman of Ranbaxy Laboratories and DS Brar appointed CEO and managing director with immediate effect by the board.

Ashok Leyland sets its sights on 50% market share
Ashok Leyland has targeted to capture half of the market share in the commercial vehicles segment in the next two years by introducing new models and expanding marketing network, a senior company official said.

ABB hives power-generation division
Multinational Asea Brown Boveri on Monday announced hiving of its power division into a separate company with transfer of all assets and liabilities.



  Pharmavit eyes stake in Orivit, may set up vitamin unit
  Nelito plans to securitise software implementation pacts
  Raasi Cement to seek shareholders' nod to hive off unit
  Shareholders okay HLL-Industrial Perfumes merger
  S&S Power drafts revival plan
  Bank of India to review operations, plans foray into loan syndication
  BPCL may not consider Essar Oil's E&P operations in stake valuation
  GTN group to foray into retail trade
  Shaw Wallace keeps options open on repayment plans
  FIPB approves Rs 202 cr plans; Daewoo gets nod
  Komal Chhabria submits Dunlop revival plan to Basu
  Nadar vs Nadars -- Forum wants six TMB directors out
  HM's unveils Euro-I complaint Ambassador
  Escorts-Yamaha to trim workforce this fiscal
  Dr Reddy's Q1 sales jump 10% to Rs 126.12 cr
  Marketplace
  KPMG India targets 500% growth by 2002
  VIP tries to bag the mobile youth segment with Stallion and Gazel
  Voltas modifies 360-degree feedback for middle management
  EIL enters lump-sum turnkey contracts, bags ONGC contract
  Hectic efforts on to clear Iisco revamp plan
  IOC sets up working team for product pact with IBP
  Oracle plans debut in govt sector with ERP package for PSU restructuring



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