BK MODI IN REVAMP MODE, FORMS HOLDING COMPANY
Article Abstract:
The BK Modi group has created a new holding company called Modi Holding as a part of its restructuring exercise. It will be the holding company for the entire group and the existing holding company, Modicorp, will lead the group's entry into information technology (IT) and telecom segments. All the non-IT and telecom businesses along with Modi Rubber and Modi International Paper are being transferred to Modi Holding. Two more subsidiaries named as Moditek and Modi Foundation are also being set up under Modi Holding. Moditek will oversee the group's entire overseas operations while Modi Foundation will implement social services for the group. (khr)
Comment:
The BK Modi group has created a new holding company called Modi Holding as a part of its restructuring exercise.
Publication Name: Economic Times
Subject: Business, international
ISSN: 0013-0389
Year: 1999
User Contributions:
Comment about this article or add new information about this topic:
CORP BANK POSTS Rs 50.86-CR NET
Article Abstract:
Corporation Bank has posted 24.8 percent rise in its net profit to Rs50.86 crore during the third quarter of 1998-99 (Rs40.75 crore during the third quarter of 1997-98). (ag)(psr)
Publication Name: Economic Times
Subject: Business, international
ISSN: 0013-0389
Year: 1999
User Contributions:
Comment about this article or add new information about this topic:
- Abstracts: FINANCIAL SERVICES INDUSTRY PAT DOWN 60% ICICI NET DIPS BY 6.3%. LGF'S PAT RISES 30%, DIVIDEND UP BY 5%
- Abstracts: ABB INDIA OPERATIONS TO BE PUT IN REVAMP MODE MOULINEX COMES TO INDIA. WHIRLPOOL TO REVAMP EQUITY;GROUP's STAKE TO RISE TO 82.3%
- Abstracts: FRANCE'S NATURAL & LIFE PLANS ORAL DRUG PLANT NEAR CHENNAI INTAS PHARMA IN BIOTECH JV WITH TWO FIRMS. ZYDUS IN JV WITH KOREAN CO
- Abstracts: LMW TO CUT OUTPUT BY 50%, REDUCES DAILY WORKING HOURS LMW GOES FOR THREE-DAY WEEK ALL AIMS TO EXPORT 20% OF OUTPUT BY 2001