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Tuesday, August 24, 1999

L&T in talks with Jindals to set up slag unit
Larsen and Toubro, the country's largest cement maker, is negotiating with Jindal Vijaynagar Steel to put up a one million tonne grinding unit at the integrated steel complex in Karnataka.

Jindals to pick up major stake in power project
Jindal Vijaynagar Steel has decided to pick up 51 per cent stake in the Rs 1,180-crore captive power project following the exit of Tractebel, its Belgian partner.

IFCI turns down fresh Rs 74 cr loan disbursal to Jindal Vijaynagar Steel
The Industrial Finance Corporation of India (IFCI) has reportedly refused to disburse money to Jindal Vijaynagar Steel (JVSL) in view of the institution's rising non-performing assets.


Corporate Results


  Matiz, Nexia set to hit info highway
  DMIL to step up output; plans 2-shift mode by Sept
  Core Healthcare sets up $5 million IV fluids facility for Myanmar
  2100 employees opt for golden handshake in BHEL's Trichy unit
  Govind Rubber to launch new ventless tyres in Kerala
  Essar Oil set to sew up Rs 610 cr finance deal with ABB for Vadinar plan
  Sony eyes Rs 1000 cr sales in 2 years
  Fiat hikes its stake in Ind Auto to 76 per cent, reconstitutes board
  SAIL secures 17 per cent price cut through long-term coal agreements
  SSI net vaults 80%; sales double to Rs 87.60 crore
  JVSL urges FIs to defer interest dues
  Maruti Udyog rolls out Zen Classic
  GE Capital bids for Piaggio
  FI stake in Century Textiles comes down to 17 per cent
  Pfizer stock may weaken on nod for 100% arm
  Kone launches monospace elevators
  FIPB okays Pfizer's 100% subsidiary, puts Honda-Siel Cars proposal on hold
  GE Capital picks up stake in Birlasoft
  Briefing
  FoxTel gets rights to telecast Aiwa matches abroad
  VSNL increases Net bandwidth by 45 mbps
  Tata Tech's e-commerce solution targeted at manufacturing, service companies
  Bendre to lend oomph to BSL
  More honesty? Madura gets into its element
  Gautier tables marketing plan for Rs 100-cr turnover
  Local BJP account goes to Goldmine
  Daewoo targets Rs 1000 crore turnover this year
  Briefing
  IDBI to probe Mardia Chemicals' accounts



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