|
FMCG sales dip 4% in May on weak consumer demand
Mumbai: Consumer demand continued to be weak causing overall fast-moving
consumer goods sales to slide by 4.4 per cent in May 2002 in value terms,
compared to the same period a year ago.
Back to
News Review index page
FIs strip Jindal plan to prepay Rs 150-crore loans
New Delhi: The stainless steel major Jindal Strips' plans to
prepay Rs 150-crore loans from financial institutions through a debenture issue has
run into rough weather with financial institutions insisting on charging
penal charges for prepayment.
Back to
News Review index page
Reliance raises $250 million through syndicated loans
Mumbai: Reliance Industries has raised just over $250 million (around Rs
1,200 crore) by way of syndicated loans late last week. The loans are
understood to be yen loans and were raised at an interest rate of below 1.25
per cent.
Back to
News Review index page
ICICI Bank to enter into merchant acquiring
Mumbai: Having issued 6 lakh debit cards and an equal number of credit
cards, ICICI Bank Ltd, the largest private sector bank, has now decided to
go in for merchant acquiring in a big way.
Back to
News Review index page
Oil firms asked to maintain prices within a band
New Delhi: The government has informally directed all oil marketing
companies to maintain prices within a band by squeezing margins when global
prices rise, and enhancing them when global prices are low.
Back to
News Review index page
Essar Steel to buy back $188-million loans
New Delhi: Essar Steel is proposing to buyback part of its $250-million
floating rate notes and some other select foreign current syndicated loans
amounting to $188.5 million by raising an estimated Rs 1,250 crore from
various sources.
Back to
News Review index page
HP India to sack 10% workers
Mumbai: HP India, the merged entity of Hewlett-Packard India and Compaq
Computers India, will cut 10 per cent of its workforce over the next six
months.
Back to
News Review index page
BHEL Ramachandrapuram unit to upgrade gas turbine facility
Chennai: With orders from Kazakhstan, Iran, Oman in hand, BHEL is exploring
markets in Algeria, Nigeria, Iran, Bosnia and other Latin American
countries. The company also plans to upgrade its gas turbine facility at its
Ramachandrapuram unit.
Back to
News Review index page
Hutti Mines to scale up bio-reactor pilot project
Mumbai: HGML has tentatively identified Ajjanahalli which is estimated to
bear at least 10 lakh tonnes of refractory ore to house the proposed
full-scale reactor.
Back to
News Review index page
Corporate governance panel to meet soon
New Delhi: To develop a comprehensive framework for ensuring and promoting
good corporate governance, the recently-constituted four-member working
group by the Department of Company Affairs is likely to meet in a week's
time to examine the suggestions.
Back to
News Review index page
IGL to spend Rs 300 crore more on retail outlets
New Delhi: Indraprastha Gas Ltd on Sunday said it will undertake an
additional expenditure of over Rs 300 crore to augment compression capacity
to 16.11 lakh kgs per day by June 2003 and ease traffic congestion caused
due to inadequate CNG stations in the capital.
Back to
News Review index page
Binani metals to diversify
Mumbai: Binani Metals Ltd, which is deriving a significant portion of its
revenue from consignment sales of zinc, is planning to promote other
activities including ready-made garments, manmade fibres and leather goods.
Back to
News Review index page
SCIs LNG foray detrimental to divestment, feel bidders
Mumbai: Prospective bidders for Shipping Corporation of India are seeing its
multimillion dollar exposure in the two liquified natural gas transport
projects as highly detrimental for its divestment.
Back to
News Review index page
|
