Wednesday
Feb 28 2001
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ONGC top profit-making PSU, SAIL highest loss-maker
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THE OIL and Natural Gas Corporation was the highest profit-earning public sector enterprise in 1999-2000, while the Steel Authority of India was the largest loss-making PSE, according to the latest public enterprise survey.
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IPCL set to sell off Baroda unit
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INDIAN Petrochemicals Corporation is all set to dispose off Baroda unit in next 31 days. For the first time IPCL management has categorically said that nothing out of Baroda unit sale proceeds will go to government kitty.
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GE Shipping phases out trading division
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GREAT Eastern Shipping Company is phasing out its 100-year-old trading division. All its branch offices except one in Mumbai (Sugar House) and Kozhikode (in Kerala) have already been closed down.
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Not many takers for FMCGs, cola giants on IIM-B campus
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THE OLD economy may be making a revival on the stock markets but for the outgoing students of the Indian Institute of Management, Bangalore tech and management consultancy firms have more lustre.
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Uniglobe unfurls sails in India
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 UNIGLOBE, one of the world’s largest travel agencies is setting shop in India. Modi Tour Services has acquired Uniglobe’s master franchise rights for India and neighbouring countries like Sri Lanka, Bangladesh, Bhutan, Nepal and Maldives.
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Bhushan Industries in fray for HZL
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BHUSHAN Industries has entered the fray for acquiring a 26 per cent stake in public sector Hindustan Zinc, slated for privatisation next fiscal.
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Bilt eyes Indonesian paper company
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IN A bid to consolidate its position as market leader in the paper industry, Thapar Group company Ballarpur Industries is considering a proposal to take over Indonesian paper major Sinar Mas' Indian operations.
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Reliance to export $250m diesel to Brazil
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RELIANCE Petroleum will export a total of one million tonnes of diesel to Brazil during the year 2001 as part of a term contract.
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Alstom to enter into distribution and transmission
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ALSTOM Power India announced on Tuesday it may foray into power transmission and distribution business as part of its diversification plans.
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Coke, Pepsi dispute dil maange more
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US cola giants Pepsi and Coca-Cola have once again locked horns in India trading charges of impropriety over the use of popular advertisement line yeh dil mange more.
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JCT mulls fibre unit spin-off
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SYNTHETIC fibre and filament maker JCT has called an extraordinary general meeting of shareholders on March 26 to decide on hiving off its unit at Chohal in northern Punjab state, the Bombay Stock Exchange said on Tuesday.
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Chambal Fert looks at US acquisition
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CHAMBAL Fertilisers & Chemicals is planning to invest up to $3 million in a US-based software company. The company is in negotiations with the foreign company and the deal is yet to be finalised, Chambal Fertilisers said in a notice to the Bombay Stock Exchange on Tuesday.
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