Automobiles
Daewoo Motor panel sets May deadline for bids
THE committee appointed for restructuring Daewoo Motor Corporation (DMC) has set May 19 as the deadline for submission of detailed proposals by leading auto companies to acquire the automobiles division of South Korea's second largest chaebol.

Mercedes chief bullish on growth of luxury segment
MERCEDES-BENZ India Ltd (MBIL) is confident about the growth rate of the country's luxury car segment, where technology, safety, comfort and environmental compatibility would prove to be the winning factors.

Corporate
BoI directed to advertise for takeover of Carona
BANK of India (BoI) has been directed by the Board for Industrial and Financial Reconstruction (BIFR) to issue advertisements inviting offers for takeover, leasing, amalgamation or merger for rehabilitation of Carona Ltd.

Miscellaneous
DSP Merrill Lynch declares dividends
THE board of trustees of DSP Merrill Lynch Asset Management (India) Ltd has approved the distribution of 35 per cent (Rs. 3.50 per unit) dividend on its DSPML Equity Fund.

CORPORATE LAW FORUM
Mr. L. V. V. Iyer, a specialist in Company Law, replies to readers' queries (given in bold type).

Army invites suppliers to workshops
THE Deputy Chief of Army Staff (P&S), Lieutenant General S.S. Mehta, has encouraged suppliers to visit the Army's equipment intensive workshops to see spares and parts, among others, and invited industry associations to organise groups of prospective sup pliers to visit these workshops.

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