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Thursday, November 4, 1999
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FIs eye Rs 120 a share for Modi Rubber stake

Financial institutions are looking at a price of at least Rs 120 per share for divestment of their 44% equity stake in Modi Rubber Ltd.

Centre weighs open bidding for MRL, CRL sale

The govt is considering an open bidding route to sell its stakes in Madras Refineries, Cochin Refineries, IBP and Engineers India (EIL). The idea is believed to have been mooted by the ministry of finance.

Tax mopup rises 14.1% in first seven months

Tax collections in the first seven months of the current financial year have recorded a growth of 14.11% as compared to the corresponding period last year.

Max India, New York Life form insurance venture

Max India and the $20-billion New York Life International on Wednesday formed a joint venture, Max New York Life, for foraying into the life-insurance sector. The agreement was signed between Max India vice-chairman Analjit Singh and New York Life chairman Gary Benanav.



Executive Briefings

bullet.jpg (687 bytes) Government clears Gail GDR, Goodlass and Skoda Auto plans

bullet.jpg (687 bytes) Centre may sell 20% in Bhel to local, foreign institutions

bullet.jpg (687 bytes) AFC plans to increase share capital; in partnership talks with ICICI, IDBI

bullet.jpg (687 bytes) Maruti rolls out Omni's Euro-II models, ups prices

bullet.jpg (687 bytes) Voltas woos MNCs for room AC capacity-sharing tieups

bullet.jpg (687 bytes) Volvo unveils workshop in Delhi; plans one in Mumbai and Calcutta

bullet.jpg (687 bytes) Sensex dips 35 pts as institutions stay away

bullet.jpg (687 bytes) State likely to review sops to auto, agro and IT sectors


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