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Tuesday, August 10, 1999

Center must divest BHEL stake to strategic foreign partners -- Crisil
Credit Rating Information Services of India Ltd (Crisil) has recommended divestment of the government stake in Bharat Heavy Electricals Ltd (BHEL) in favour of foreign strategic partners.

RIL's polypropylene output crosses 1 mt
Reliance Industries Ltd has crossed the one-million-tonne mark in polypropylene production within less than three years, setting a new benchmark in the global petrochemical industry.

BIFR picks IDBI for Dunlop revival plan
The Board for Industrial & Financial Reconstruction has appointed Industrial Development Bank of India as the operating agency for ailing tyremaker Dunlop India Ltd.


Corporate Results


  `BSES expansion goes against kukde panel recommnedation'
  Morepen may hive off 4 units into seperate profit centres
  IDBI to fund local firms' takeover by foreign companies
  ITC Agro-Tech pops corn on the Net
  Ipca sews up cardiovascular drug supply deal with Zeneca, Tillomed
  IndusInd Bank shortlists 3 foreign banks for investment banking
  Konka sets aside Rs 500 crore for manufacturing unit
  IDBI Bank set to foray into housing finance
  JB Chemicals sees H1 net at Rs 8.53 crore
  IA chief to call on corporates with discounts in tow
  Zee Telefilms promoters get nod to up stake to 59.16%
  Maruti inks pact with DGFT to import kits for new models
  TVS Suzuki tides over first-quarter blues
  Project Bharat to push HLL's rural sales to 50% by 2004
  DHL Worldwide prepares to ship out Asia First
  Konka unveils Rs 25 crore ad splash
  Vatsa offers Rs 250 cr for cricket telecast rights
  Binary Semantics to market US firm's risk-analysis software
  Oracle looks out for more acquisitions
  Advanced Micro unveils chip with 650 Mhz speed
  Briefing
  Corporates Q1 net down 6% as banks, major firms turn in poor show
  Amul gets set to launch branded yoghurt



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