The Financial Express -- Corporate

Sunday, May 11 1997

Radisson hotels to kick off operations soon

The Radisson chain of luxury hotels will commence operations in Delhi, Mumbai and Calcutta during the course of this year. The list is expected to spread to Chennai and Bangalore also by 1998. The group is promoted by Carlson of the US which has a network of 360 hotels worldwide.

Infrastructure Bond Issue

BPL Group likely to snap ties with Hitachi, Toshiba

The Rs 2,400 crore BPL group is likely to give up sourcing colour picture tubes from multinationals like Hitachi and Toshiba of Japan as the Indian consumer electronics giant is all set to manufacture colour picture tubes all by itself. Company sources said that commercial production of the BPL's picture tubes is slated to commence by June this year.

Grundig plans switch to national channel

Grundig Electronics Private Ltd, the Indian arm of the German consumer electronics giant - Grundig, is now ready to make a colourful splash in the brown goods (televisions and audio systems) market. The company has set itself a 5% market share for the year 1997-98.

Hongkong Bank, HSBC Cap steam up to tap synergies

ADB gropes forward to the 21st century

Mobil mulls LNG-based power unit in India

Schering-Plough opens S$300m bulk drugs plant

Molson names new CEO, board members

Intel says flaw in Pentium II, but no recall needed

Monopolies panel caveat to Sipani Auto

WORLD ROUND-UP -- Ericsson in $137 million China deals