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Wednesday, August 18, 1999

SBI may bend rural transfer rules to accommodate retiring officers
The management of State Bank of India is considering to bend rules of the mandatory rural and semi-urban postings to accommodate retiring officers.

Pantaloon on recast drive, ropes in KPMG for brand valuation
The Pantaloon group has initiated a major exercise to determine the value of its brands and knowledge base in a bid to undertake a strategic recast which may see its infotech division being hived off into a separate company.

SAIL sales rise 9.2% in 4 months
The Steel Authority of India Ltd (SAIL) witnessed growth of 9.2% in it's sales in the first four months of the current fiscal compared with the same period last year.


Corporate Results


  Briefing
  Sun/Netscape seeks tie-ups with software centres for training in E-commerce
  Microsoft to spend $40m on getting Win 2000 ready
  CNN to step up coverage of India-specific news
  HP targets Rs 80cr turnover from storage business
  Compaq unveils P-III-powered PC
  Disconnected, deserted -- Koshika Telecom survival is at stake
  IBM launches Indian-English version of Viavoice
  Global Groupware seeks venture capital infusion
  Milking growth -- Nestle India launches two new junior foods
  Quick on the draw -- KG Denim extends Trigger brand to retail chain
  Tetra Pak promotes customer brands
  TTK Prestige -- Steaming a Rs 10-crore campaign
  No takeover sans FIs concurrence -- BSES chief
  Daewoo to urge foreign creditors to roll over $9.9 bn debt today
  HC allows foreign firm to recover loan from Bachchans
  Qualcomm puts MTNL's wireless phone network expansion in a jam
  Fortune Info eyes US for data management solution
  Montari to appeal against BIFR order
  Promoters plan to reduce stake in CDS International
  Puri temple plans defamation suit against Coca-Cola
  Alstom seeks ally for energy metres unit
  Alfa Laval Q1 turnover up 16% to Rs 92.21 crore
  SmithKline Beecham launches vaccine for meningitis via 100% subsidiary
  Briefing
  NRB Bearings to shift focus to replacement market
  Enron plans to acquire oil assets, eyes stake in state-run companies
  Scooters India to unveil gas powered version of 3-wheeler
  SC rejects Dunlop plea to vacate stay on asset sale



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