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Friday, August 27, 1999

Lupin may rope in McKinsey to chalk out restructuring plan
Lupin Laboratories is believed to have held basic discussions with international consultants, McKinsey and Boston Consulting Group (BCG) to implement a major restructuring programme in the company.

L&T to set up SPVs to execute core projects
Engineering giant Larsen & Toubro will be setting up special purpose vehicles (SPVs) to execute power and other infrastructure projects.

Petronet signs pact for LNG supply with DCM Shriram
Petronet LNG Ltd has signed a memorandum of understanding with DCM Shriram Consolidated Ltd for the supply of 0.75 million standard cubic metres of liquefied natural gas (LNG) per day to the latter's urea plant at Kota.


Corporate Results


  Ashima net slips 21.5%; turnover jumps 12.4%
  Sulzer to cut 2,000 jobs; to focus on service business
  Spencer, HK firm to set up supermarket venture
  Reliance Petro prepays IFCI's Rs 500-cr loan
  US firm Logistix ties up with Repro
  Pentafour Software sets aside $100 m for overseas buyouts
  Record order sweetens Rolls-Royce results
  Cadila Healthcare to call off marketing alliance with San Carlo Farmaceutici
  Hyundai's `LC' to roll out in October
  LML rejects Piaggio's decision to terminate venture; terms it invalid
  Pizza Corner sells off 33% stake to ICICI Venture for Rs 16 crore
  Bata likely to reopen Faridabad plant soon
  Tata Electric awaits MSEB okay to sell excess power to other states
  Essar Power profit net doubles to Rs 38.92 crore
  Jhawars to inject Rs 13 cr in ailing mini steel plant
  IndusInd Bank chalks out plan to install 120 ATMs by 2002
  Murugappa group plans to form new company for biotech foods
  SBICAP appointed adviser for Kanpur electricity project
  SG seeks probe into BNP's claim over shareholder support
  Briefing
  Paris firm to pick majority stake in Peerless Shipping
  Gates predicts Windows 2000 will be out by year's end
  TimesBank unveils 24-hour self service millennium centre
  Alcatel's Prabhu has eye on innovation as new COO faces challenge of rivals
  NIIT seeking six-fold increase in US operations
  Logistix in pact with Repro to offer one-stop services
  BFL Software plans Bangalore facility to assemble networked kiosk equipment
  Nucleus to set up subsidiary in US
  Silicon Graphics faces tough road, unseen future to stay independent
  Organics forced to shift to sachets for market cachet
  ABN Amro will bid $1.27 bn for mortgage lender Bouwfonds
  JK Tyre fights for leadership position in new campaign
  LG strengthens cricket association



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