Corporate
Debenture redemption reserve requirement -- FICCI urges DCA to exempt NBFCs
THE Federation of Indian Chambers of Commerce & Industry (FICCI) has urged the Department of Company Affairs (DCA) to exempt non-banking financial companies (NBFCs) from complying with the provisions of Section 117C of the Companies Act, 1956. This recen tly introduced section requires any company issuing debentures after commencement of the Companies (Amendment) Act, 2000, to create a debenture redemption reserve (DRR) for the redemption of such debentures.

Kinley -- aiming for parched throats
SEPIA-toned frames showing what water means to parched grounds and Indian lives, filmed by celebrated director Priyadarshan, make up the new brand communication from Coca-Cola India for its mass-market water brand Kinley.

Project Appraiser Board gets MRTPC clean chit
THE Bhubaneswar-based Project Appraiser Board of India (PABI), has been given a clean chit by the Monopolies & Restrictive Trade Practices Commission (MRTPC) on the charges of unfair trade practice.

Paper/Packaging
Talks on to pick up equity partner for Titagarh Paper -- Candidates include ITC Bhadra, BILT
AS part of its plan to revive the ailing Titagarh Paper Mills Ltd (TPM), the city-based TSL Ltd, which controls about 45 per cent equity in the company, has approached a few leading paper manufacturing companies for an equity tie-up. The compani es already approached include Ballarpur Industries Ltd (Bilt) and ITC Bhadrachalam.

Page One | Index | Home