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Wednesday, July 7, 1999

Tisco increases prices of long and flat products
Tata Steel has finally decided to take the plunge in a yet-to-be-buoyant market and raise prices marginally by Rs 200 a tonne for long products and Rs 500 a tonne for flat products with effect from July 1.

Dabhol Power sends MSEB Rs 116-crore bill for June
Maharashtra State Electricity Board has received the second monthly bill of Rs 116 crore from the Dabhol Power Company (DPC) for purchasing around 230 million units in June.

OIL to pick 10% stake in Numaligarh Refinery
Oil India Limited (OIL) has decided to pick up 10 per cent equity capital of the Rs 2,581-crore Numaligarh Refinery Limited (NRL).



  Karnataka high court approves Strides bid to merge group firms
  Tyre dealers offer support to Dunlop rehabilitation plan
  MTNL slashes Internet tariffs by 15%, unveils 30-,50-hour slabs
  TEC-Total LNG project's phase one costs pegged at Rs 2,530 cr
  Noel Pharma to put key brands on block
  Murugappa to use captive power to trim costs
  Gujarat government plan to float bank may hit roadblock
  Xerox Modi eyes FIs stake in Modi Xeorx and MXFS
  Honda unveils `Hybrid' car technology
  IDBI plans cross-border financing in bid to diversify asset portfolio
  Indonesian bank plans foray into India
  Daewoo group restructuring will not affect local operations, says Awasthi
  Modern group's outstandings to institutions mount to Rs 977 cr
  ZF Steering Gear to foray into systems supplies
  Citibank launches Internet banking
  Chief executives pay rising to healthier levels
  Sikkim Bank shareholders slaps suit on RBI
  Philip Morris promises to polish its image
  EMC taps Arnold to develop hipper ads
  Terra Care sprouts privilege card and club for farmers
  Godrej Foods opts for 5-day week to cut costs
  Sahara to set up 12 city check-in lounges
  Marketplace Briefing
  Cisco makes strong gains in LAN segment
  Briefing
  China major stop for Aptech's global foray
  Seven Star plans shift to optic by October
  VSNL commences broadcast operations on Insat-2E
  ONGC, OIL to pay 62% customs duty on capital goods imports
  Briefing
  Aptech Computer ties up with state university
  Siemens may pick stake in Emco



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