Corporate
Carlson, Indtravels venture launched
THE $11-billion Carlson Wagonlit Travel today announced a 50:50 joint venture with erstwhile AFL division, Indtravels, focussed on servicing the market for corporate travel.
Corporate briefs
W The board of directors of Kotak Mahindra Finance Ltd (KMFL) has declared an interim dividend of 18 per cent for the year ending March 31, 2000.
Telephoto Films places equity with 5 investors
TELEPHOTO Entertainments Ltd (TEL) has placed about 20 per cent equity with five investors. The company plans an initial public offering in three to four months.
DCA Secy seeks support for more women in co boards
DR. P.L. Sanjeev Reddy, Secretary, Department of Company Affairs (DCA), has sought the co-operation of Mr. Kumar Mangalam Birla, the Chairman of Aditya Birla group and the chief of the Securities and Exchange Board of India (SEBI) panel on corporate gove
rnance, in assisting the Government to work out a provision for adequate representation of women on the board of directors of companies to remove gender bias and better corporate governance.
J.K. Pharma EGM on April 21
J.K. PHARMACHEM Ltd has called an EGM on April 21 to consider a resolution for reporting to the Bureau for Industrial and Financial Reconstruction (BIFR) under Section 23 (1) (a) of the Sick Industrial Companies (Special Provisions) Act 1985. J.K. Pharma
chem, manufacturer of Penicillin-G, has its plant at Cuddalore in Tamil Nadu. It was set up in 1995-96.
KSDL directed to submit modified revival scheme
KARNATAKA Soaps & Detergents Ltd (KSDL) has been directed by the Board for Industrial and Financial Reconstruction (BIFR) to submit a modified scheme by May 1, to IDBI.
Miscellaneous
KSEB bonds
MUMBAI: Credit Analysis & Research Ltd (CARE), has downgraded the Rs. 25 crores non-SLR bonds issue of the Kerala State Electricity Board (KSEB).
Petrochemicals
TPL plans to set up new plant for LAB
TAMILNADU Petroproducts Ltd is considering putting up a new, greenfield plant for linear alkyl benzene (LAB) on the eastern coast ``either near Haldia or any other location near to a port'', according to a press release from the company.
