Best & Crompton charts revival plan for subsidiary
Pump manufacturer Beacon Weir, a subsidiary of Best & Crompton has got a rehabilitation package drafted which is expected to turn it around in the coming year. The company is likely to record profits from 2001-2002.

US company to raisestake in Corvodraft
Under a restructuring plan, Draft Worldwide Inc of the US is hiking its stake in Corvodraft Worldwide Pvt Ltd from the existing 26% to 74%.

Hulsbeck & Furst to make Minda group export base
Hulsbeck & Furst GmbH of Germany, market leaders in auto components in Europe, is making its Indian joint venture with the Minda group a major export base.


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