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Friday, September 4, 1998

Rassi accounts come to haunt BV Raju
The battle may be over but the war is far from finished, it appears. Former Raasi Cement promoter BV Raju, who pulled off a surprise flanking manoeuvre in the fight for control of Sri Vishnu Cements, may now find himself under pressure in an unexpected direction -- the management of Raasi Cement's affairs during his tenure.

BPL Engineering to shift Maddur facility
BPL Engineering Ltd has decided to relocate its power cords and cable harness manufacturing facility from Maddur to Basavapura near Bangalore. This is part of the company's effort to bring cost effective components in the domestic market.

Hinduja group prepares the ground for Internet service-provider badge
The Hinduja Group is likely to be the first major private Internet Service Provider (ISP) in the country. The group, which is planning to launch ISP services shortly through its cable network IN TV, has already set up a fibre-optic backbone for the purpose with an investment of around Rs 200 crore to Rs 300 crore.


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  Airbus drops plan to build small jet with China
  Balco eyes international markets for its products
  Corporate Briefing
  Hindustan Motors earthmoving equipment division outperforms market
  Rhone-Poulenc sales up 32% to Rs 83 cr in first 5 months
  MSEB mulls power distribution JV with Cidco for Navi Mumbai
  TEC's plans to distribute power in BSES' license area
  Gujarat Ambuja, two other firms to invest Rs $100m in Lanka
  Wipro to set up Rs 50-crore plant in Maharashtra
  Corporate Briefing
  GKW defers commissioning of cement project in Rajasthan
  Hindujas may be first private Internet service providers
  VSNL to set up five earth stations for TV uplinks
  BPL Engineering to shift Maddur facility
  Exide plans to unload a major part of its debt this fiscal
  Modi Zerox launches ware
  Hindustan Motors to concentrate on rural transport vehicle, Lancer
  SAIL revival plan meet begins today
  Rassi Cement accounts come to haunt BV Raju, recovery action in offing
  Foreign airlines stake in FIIs investing in Tata Airline ruled out
  Institutions object to Escorts' equity recast scheme
  Delhi court rejects Sterlite petition against SEBI
  FIPB to take up Rothmans plan on Saturday
  New India Assurance net jumps 140 per cent
  Airbus drops plan to build small jet with China
  Balco eyes international markets for its aluminium
  Commodity Briefing
  Hindustan Motors earthmoving equipment division outperforms market
  Rhone-Poulenc sales jump 32% to Rs 83 cr in first 5 months
  MSEB mulls power distribution venture with Cidco
  The Index
  Gujarat Ambuja to invest $100 million
  Wipro to set up Rs 50-crore base in Maharashtra
  Corporate Briefing
  GKW defers commissioning of cement project in Rajasthan
  Psychotherapist heals conflict scabs at Ion Exchange
  VSNL to set up five earth stations for TV uplinks
  Exide plans to repay chunk of interest, debt burden in 1998-99
  Modi Zerox launches document centre
  HM to focus on Lancer, rural transport vehicle
  SAIL revival plan meet begins today
  Tatas had lined up assurance letters from FIIs
  Institutions to block Escorts' equity recast bid
  Delhi court rejects Sterlite petition against SEBI diktat on Indal offer
  FIPB to take up Rothmans plan on Saturday
  New India Assurance ups siblings in profits
  Hitachi to post $1.83 billion loss

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