Great Eastern Shipping to hive off property division
The Great Eastern Shipping Company (Gesco) has decided to restructure its business through the demerger of the property division into a separate company with effect from April 1, 1999. The company has also decided to put in place a new management structure.

STAR TV to offer India-specific fare online
Star TV is planning to expand its horizon by tapping the vast internet user base for providing news on India through a portal site. The site, which is proposed to be developed by News Television India Ltd, will feature on-line news and current affairs.

Birla VXL to hive off heavy chemicals wing into new firm
The board of Birla VXL Ltd, an SK Birla group company, has decided to hive off the company's heavy chemicals (soda ash) business, which is being looked after by its Saurashtra Chemicals division, into a separate company, to be named Saurashtra Chemicals Ltd (SCL).