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Monday, July 5, 1999

KPMG to carry out due diligence of Chandra's satellite-phone plan
Banks and financial institutions funding the $755 million Agrani satellite telephony project -- being put up by Subhash Chandra of Zee -- have asked consultancy firm KPMG Peat Marwick to carry out a due diligence on the project.

Balmer Lawrie ties up with foreign firms to recycle oil-vapour, sludge
Balmer Lawrie & Co Ltd, has entered into a technical collaboration with a German company to introduce petroleum vapour recovery systems and also with a Danish company for recycling crude petroleum sludge.

PFC to lend Rs 150 cr for Khaperkheda project
The Power Finance Corporation has agreed to lend an additional Rs 150 crore to the Maharashtra State Electricity Board (MSEB) for its 420 mw Khaperkheda power project.



  General insurance profits growth slows down to 11%
  DoT may miss free incoming cell calls deadline
  Zee Sports may be hived off into separate firm
  Keystone bags $1.9m Cimmco Birla order
  Videocon seeks to become Internet provider
  Ranbaxy to continue scorching growth pace
  Where Ranbaxy stands in drugs research today
  Roesti is Petro Araldite MD as Denzler shifts to Basle
  Silklens to beef up research on permeable lenses
  Singapore may extend tax sops to MMTC subsidiary
  GKW set to hive off its cement division
  Cisco to look at localised takeovers in Asia t
  Travellers fancy for non-stop flights prompted AI to axe MCLR project
  Aramco leads group to buy Ssangyong Oil
  Samsung India tosses Challenge 2500 on the CTV shopfloor
  Briefing
  Comalco examines resumption of Kaolin operations at Queensland
  Mahindra & Mahindra posts 15% rise in sales in first quarter of 1999
  Reliance Petro to slosh market with diesel
  STCL move peeves cardamom ryots, board to intervene
  CDS handles record edible oil imports
  Ranbaxy board likely to elevate Brar as managing director earlier than planned



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