IT Update
UTI subsidiary seeks FII status A number of Indian companies have applied to the SEBI for foreign institutional investor (FII) status with Unit Trust of India arm, UTI-IAS, being one of them. LG accuses BPL oftarnishing its image LG Electronics has charged arch rival BPL of attempts to tarnish its image by circulating copies of hoax e-mails, whose origin is unknown, containing defamatory information against its products. Godrej group in talks to dilute 49% stake in Pillsbury joint venture The Godrej group is understood to be in talks with joint venture partner Selviac Nederland BV (Pillsbury) to divest its 49% holding in Godrej Pillsbury Ltd. Centre to hold parleys withauto firms for MUL selloff In order to expedite divestment in MUL, the government will soon start negotiations with auto companies to gauge their interest in Maruti. Ad agencies cash in on Kumbh Mela for promos Cashing in on the `Kumbh Mela 2001' celebrations, Indian advertising agencies are in the process of rolling out a host of rural marketing initiatives to promote their clients' brands.
UTI subsidiary seeks FII status
LG accuses BPL oftarnishing its image
Godrej group in talks to dilute 49% stake in Pillsbury joint venture
Centre to hold parleys withauto firms for MUL selloff
Ad agencies cash in on Kumbh Mela for promos