The Hindu Business Line : Tuesday, May 06, 2003

BSES names lead arrangers for term loan
POWER generation and distribution utility BSES Ltd has appointed ABN Amro, Citigroup, Rabobank and StandardChartered as lead arrangers for raising a syndicated $100 million foreign currency term loan. This is the first such fund raising by BSES ... More

Hinduja TMT moots Rs 5 interim dividend
HINDUJA TMT Ltd (HTMT) has said that its board has declared an interim dividend of Rs 5 per share (50 per cent on the par value of Rs 10 per share), for the year ended March 31, 2003, amounting to Rs 20.45 crore. According to HTMT's official ... More

McDowell option on warrants `lapses'

NTPC units resume

CORPORATE DISPUTES

Mallya, Chhabrias in talks to bury the hatchet
IN a significant step, talks are on between the two feuding families of the Indian spirits business to resolve their differences. Aided by some political intervention, negotiations have taken place between the UB group Chairman, Mr Vijay ... More

COURTS/LEGAL ISSUES

HC takes up Jessop hearing
AN appeal of the Staff Association of Jessop & Co Ltd (JCL) was taken up for hearing on May 5 by a division Bench of Calcutta High Court. The court fixed all the appeals to be heard analogously on May 15. The Government argued that JCL does ... More

MANPOWER

Around 400 HCI staff accept VRS
IN a move that could help the Air India subsidiary, Hotel Corporation of India (HCI) become leaner, about 400 of its staff have finally accepted the voluntary retirement scheme (VRS). Official sources told Business Line that the cost to ... More

MERGERS & ACQUISITIONS

TCI puts off merger share allotments
THE Board of Directors of TCI Finance Ltd, which recently obtained approvals from the High Court to merge five of its group companies with itself, has decided to adjourn the meeting without taking a decision on allotment of shares to these ... More

CORPORATE GOVERNANCE

PwC offers `best practices'
GLOBAL best practices are now just a click away for Indian businesses. PricewaterhouseCoopers, a global professional services firm, has said that Indian businesses can now access online its `Global Best Practices' knowledge base to measure ... More

NEW PROJECTS

Samsonite India plans design plant
SAMSONITE India, a subsidiary of the Rs 5,000-crore Belgian travel goods and accessories major Samsonite, has announced plans to locate a composite global design centre (GDC)-cum-manufacturing plant in the country with a total investment outlay ... More

ALLIANCES & JOINT VENTURES

Imax ties up with Aerens to expand theatre network
IMAX Corporation has entered into an agreement with the Delhi-based Aerens Developers & Engineers Ltd to develop three more entertainment complexes in the country. With this, the total number of Imax theatres across the country will go up to ... More

INTERVIEW

`India can become a Centre of Excellence'
INDIA could be a `Centre of Excellence' but only after intellectual property rights (IPR) sets in, said Dr G.L. Telang, Managing Director, Roche Scientific Company India Pvt Ltd. The Indian operations of the Swiss pharmaceutical giant has by ... More

OUTLOOK

Radio Mirchi eyes Rs 60-crore revenue
ENTERTAINMENT Network (India) Ltd, a Times Group company, which operates FM radio stations in several cities under the brand Radio Mirchi, hopes to generate Rs 60 crore revenue in the current fiscal. Stating this during an interface with ... More

Nicholas Piramal to bet on exports
EXPORTS to regulated markets is the new mantra for the Mumbai-based Nicholas Piramal India Ltd (NPIL). The company is to focus on active pharmaceutical ingredients (APIs) and generics especially for the US markets and contract research and ... More

Bharat Forge hopes to bag big auto parts outsource pie
BHARAT Forge Ltd (BFL), on Monday encased its strong 2002-2003 performance in a frame of 10 year-optimism. Fifteen big automotive companies with resident International Purchasing Offices have disclosed a budget of $1.5 billion to source auto ... More