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Thursday, August 19, 1999

Essar Shipping to phase out old vessels, expand fleet
Essar Shipping has decided to phase out it's old ships including seven bulk carriers and offshore supply vessels as part of an effort to cash in on global trade opportunities.

Bhel in talks with GE for joint product development
Bharat Heavy Electricals Ltd (Bhel) is in the final stages of discussions with General Electric for a complete range of joint product development in the transportation sector.

CESC acquires 70 per cent of land required for coal mining project
The RPG flagship CESC Ltd has acquired more than 70% of the entire land required for its coal mining project near Asansol in West Bengal.


Corporate Results


  Daewoo Group's creditors agree to form committee
  IDBI likely to sell stake to strategic foreign partner
  Matiz tops fuel efficiency test, says ABN Amro report
  HOEC; making a new begining
  IDBI plans to kick off massive recast
  MUL's Baleno may sport Rs 7.25 lakh price tag
  Kamat Hotels four-star hotel in Mumbai
  Videocon plans to set up outfits abroad
  Citibank, MasterCard team up to unveil electronic card
  Sebi norms will lead to realignment in rating business, says Icra MD
  Standard Chartered not to pull out investment in PT Bank Bali
  BOOEL, SEA sign pact to run futures trading
  Videocon plans outfits abroad
  Jessop to see changes in revival package
  Bank of India may drag Alpine Ind to court for non-payment of dues
  Nicholas Piramal, Norton to develop 3 drug formulations
  Standard Chartered Plc not to pull out of of investment in PT Bank Bali
  BOOEL, SEA sign pact to run futures trading in oilseeds
  CMC to go for rights or preferential allotment
  ICICI board to meet on ADR/GDR
  PNB gilts announces bonus shares
  Wipro to pick up 4.85% in Kaashyap Radiant
  IFCI to recast Modern group, JCT, Flex
  Ballarpur Industries posts Rs 16 cr net profit
  Jessop to move BIFR for revival package modification
  Easy liquidity to continue in the financial year -- I-Sec
  UTI International becomes UTI Guernsey
  Wipro to take 4.85% stake in Kaashyap Radiant
  Delay over co-opting banks under TUF pinch textile firms hard
  IFCI to recast Modern, JCT to strengthen NPA recovery drive
  Ballarpur Industries posts Rs 16.09 crore net profit
  CESC acquires 70% land for coal project, meets efficiency norms
  Jaguar plans to improve presence Germany, Japan
  Soota charts vertical growth course for MindTree
  SC quashes MRTPC injunction against Colgate
  Pyramid plans to offere-commerce services; unveils Scanfax
  CITIL to set up subsidiary in Europe
  NIIT, Aptech admit they have underlying pact
  SAP targets auto suppliers, distributors to expand base
  Soota charts vertical growth course for MindTree
  Daewoo Anchor prepares for a Rs 26-crore blitz
  Videocon prices 20% cheaper on Web
  Pyramid plans to offere-commerce services; unveils Scanfax
  Turner to launch HBO channel within 6 months
  IBM launches ESS
  CITIL to set up subsidiary in Europe
  NIIT, Aptech admit they have underlying pact
  SAP targets auto suppliers, distributors to expand base
  Daewoo Anchor prepares for a Rs 26-crore blitz
  Videocon prices 20% cheaper on Web
  Express change -- TNT adopts new identity



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