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Tuesday, May 11, 1999

Ispat International signs pact with Brazilian firm
Ispat International NV, the flagship of the London-based non-resident Indian Laxmi Niwas Mittal's stable of companies, has ironed out a strategic alliance with the Brazilian group IMSA's steel processing division, IMSA ACERO.

Bridgestone ACC to unveil tyres for LCVs, jeeps soon
Bridgestone ACC India Ltd, the Rs 400-crore joint venture formed by Bridgestone of Japan, ACC and Telco, will soon introduce new tyres for light commercial vehicles (LCVs) and jeeps.

IOC plans to restart fire-hit Panipat hydrocracker in 10 day
Indian Oil Corp said on Monday its Panipat refinery hydrocracker, shut down after a fire last week, was expected to re-start within 10 days. Five people were killed when the hydrogen gas compressor in the new refinery's hydrocracker unit caught fire early on Friday.



  Hindustan Motors, JK Ind debt plans lowered
  Union Bank sets Rs 4,000cr loans target for '99-2000
  Centre lets IA tap market, to inject Rs 325 cr
  Tatas to don Net service provider mantle
  Dow India Systems firms up plan to beef up polyurethane business
  Maharashtra Scooters net up at Rs 17 cr
  Senbo ropes in German firm for diversification
  Daewoo plans to roll out Nexia variants; mulls price revision
  Intimate Brands slips lingerie into annual report
  Compaq seals marketing deal with Usha Communications
  NK Choudhary is Utkal Alumina chairman
  Corporate Briefing
  Total, Carrier Refrigeration get FIPB nod to buy out JV partners
  Polaris Software plans July IPO; price likely in Rs 185-220 range
  H-P plans to begin resale of Hitachi storage gear
  Spencer Plaza gears up for expansion
  HLL resets shampoo prices
  MasterCard alters strategy against Visa
  Mecon to undertake feasibility study on revival of Chittagon
  Cornell stresses on foreign funds to improve port infrastructure
  SAIL seeks Rs 4,550-cr loan waiver from SDF
  AI's fleet expansion plan by June 15 may hit a snag
  Eastern India refinery project may be delayed by one year
  IDBI plans working group on FI governance
  LIC unions reject productivity-linked structure
  Infosys eyes acquisitions abroad
  Bank of India to foray into insurance sector



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