The Hindu Business Line : Wednesday, February 16, 2000

	Financial Daily from THE HINDU group of publications Wednesday, February 16, 2000

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Corporate

Corporate
BIFR turns down plea to close Idcol Piping
THE Board for Industrial and Financial Reconstruction (BIFR) has turned down the request of the Government of Orissa for closing down the unit of Idcol Piping and Engg. Works Ltd by paying off the workers.

Blue Chip takes 22.72% stake in Victory Films
BLUE Chip Solutions Pvt. Ltd, a software company, acting in concert with Mr. D. Krishna Srinu, a management consultant, has acquired 22.72 lakh fully paid-up equity shares of Rs. 10 of Victory Films Ltd (VFL) which is struggling to set up facilities for the production of television software and pre-recorded audio cassettes.

Asian Bearing employees go on strike
THE employees of Asian Bearing Ltd (ABL) have declared a strike since Tuesday morning demanding a hike in wages, according to company officials.

E-mail facility for Tata Cell subscribers
TATA Cellular, the cellular operator in Andhra Pradesh, has launched a new facility called email@tatacell.net, which enables a Tata Cellular user to send and receive messages on their cell phones to and from any Internet site.

Tasty Bite aiming at larger domestic share
TASTY Bite Eatables Ltd, a Pune-based food processing company, is working towards increasing its presence in domestic ready-to-serve food and other products market.

GTN Textiles setting up fabric processing unit
GTN Textiles Ltd, a textile and apparel company, is setting up a Rs. 16-crore fabric processing plant at Vijayawada. The proposed unit is expected to be operational by January, next year.

Vikrant Tyres net up 20 pc
VIKRANT Tyres has improved its net profit by 20 per cent at Rs. 6.91 crores during the third quarter ended December 31, 1999 (Rs. 5.75 crores).

Miscellaneous
RBI wants SHCIL to market Government securities
THE Reserve Bank of India has recommended to the Union Government that Stock Holding Corporation of India Ltd (SHCIL) should be encouraged to market Government securities in a big way.

IL&FS e-com fund mops up Rs 197 crores
THE IL&FS AMC today said its e-com fund, which closed on January 31, has collected Rs. 197 crores.

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