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Indo Gulf's copper business to be merged with Hindalco — Share swap ratio at 1:12
IN a bid to propel Hindalco Industries Ltd on to the global non-ferrous metals arena, the Aditya Birla group today decided to merge Indo Gulf Corporation Ltd's (IGCL) copper business with Hindalco. Size and higher earnings potential were the ...
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Crisil reaffirms NCD, CP ratings
CRISIL has reaffirmed the ratings assigned to Hindalco Industries Ltd's non-convertible debenture programme and commercial paper programme. The non-convertible debenture programmes have been assigned `AAA' ratings and the commercial paper ...
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Coke mulls phased divestment
COCA-COLA is contemplating a fresh proposal of phased disinvestment of its Indian subsidiary, Hindustan Coca-Cola India Private Ltd. This follows the US major's inability to get a waiver or definite extension of time within the stipulated ...
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FIPB waiting for clear plan
THOUGH the FIPB has given a month's extension (till August 17) to Coke to come up with its disinvestment proposal, official sources said that it should not be taken as waiver of the condition. On whether the company has been given extension of ...
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TDS on dividends: Waiver cap may be raised to Rs 2,500
THE Finance Ministry is considering an enhancement of the threshold exemption of Rs 1,000 on tax deducted at source (TDS) on dividend income received by investors from companies and mutual funds. The proposal, if carried through, will benefit ...
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`RPL public issue funds used for paying call money'
THE funds raised by Reliance Petroleum Ltd (RPL) through its public issue in 1993-94 were routed through privately-owned Ambani companies for paying call money of H-series debentures of Reliance Industries Ltd (RIL), according to an inspection ...
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An experiment... an energetic experience
WHAT began as an aerospace-related gasification experiment on Indian Institute of Science's verdant campus has now catapulted into a unique energy solution for 25 parched villages in southern Karnataka. Over the next five years, the bio-energy ...
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Loans from multilateral agencies — Forex risk burden on States likely
THE going may get tough for States, which obtain loans from multilateral funding agencies, with a proposal now being mooted to shift the burden of meeting the foreign exchange risk on these loans to the States. Simply put, States which are ...
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