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Friday, March 5, 1999

Life-saving status badge on AIDS drug may help Glaxo reap benefits
Glaxo India is expected to reap in substantial "cost benefits" following the shift of anti-AIDS bulk drug zidovudine to the life-saving drugs category. Zidovudine would now attract zero customs duty as against the earlier concessional levy of 20%.

Centre woos L&T to partner Engineers India
The Government is believed to be exploring the option of roping in Larsen & Toubro as a strategic partner to Engineers India (EIL) during the disinvestment process. This would be in addition to offering the Indian Oil Corporation 26% of the Centre's stake in EIL.

Thomson thinks local, lays eyes on India to cater ot south-east Asia
French electronics group Thomson Consumer Electronics plans to develop India as a major export hub to replace Thailand for catering to south-east Asian markets. As part of its strategy to consolidate in the country, Thomson will soon flood the market with a wide range of CTVs and audio and video disc players.


Inspirations furnishing fabrics

Central Electronics Limited

Patel Roadways Limited


  Vysya, ING Finance in pact to set up consumer finance JV
  Vysya, ING Finance in pact to set up consumer finance JV
  BIFR asks IFCI to set takeover terms for Nova Iron
  Kerala picks up 11% stake in Petronet Kochi
  BIFR asks IFCI to invite offer for takeover of Nova Iron
  Tata Johnson Controls plans to kick off second facility in Chennai
  Indian Oil set to pick up Centre stake in Lubrizol
  Kerala picks up 11% stake in Petronet Kochi
  Deustche Bank, BankAm cut deposit rates
  Hyundai India begins export of Santro body panels to Korea
  L&T may be offered Centre stake in Engineers India
  Institutions wary of lending to Spic power plan sans escrow
  IDBI corporate performance improves in Q3
  Tata Johnson Controls to open facility in Channai
  Indian Oil to buy 60% Centre stake in Lubrizol
  New twist to Tamilnad Merchantile saga
  Centre in spot as committee moots merger of IA, AI
  AM Best assigns `A' rating to New India Assurance
  Legal luminaries slug it out in Herbertsons case
  FIs wary of lending to SEPC project without escrow
  Patna court quashes PF order against Bharat Coking Coal
  Corporate briefing
  Intel Outside -- Retail push for Pentium III
  This way in -- Intel's blue door opens
  AM Best assigns `A' rating to New India Assurance
  Mallya vs Chhabria
  New campaigns
  Takeover bids insufficient as profit rises -- Mirror
  Delphi unveils next-generationintegrated car cockpit module
  Royal and Sun Alliance to sell US life assurance unit to Swiss Re
  Tobacco cos targeting developing countries
  Vickers operating profit falls to 42 million
  HM to open dealership centres for Lancer
  Cable operators upset with Star Sports move to hike subscriber fee
  Microsoft to showcase Exchange applications on April 22
  Nasscom team going to Pakistan
  Alcatel to buy second internet company this week
  In brief



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