The Hindu Business Line : Wednesday, July 23, 2003

FIs approve debt recast of Essar Oil refinery project
LENDERS to Essar Oil's Vadinar refinery project have finally agreed to restructure the debt, paving the way for re-starting the work on the 12-million tonne refinery, which has been held up over the past four years. The lenders including IDBI, ... More

CETMA gears up for change of guard
CHANGE is inevitable. And gearing up for change of guard is the Consumer Electronics and TV Manufacturers' Association (CETMA). "The second-week of September will see a new team heading the association," a CETMA official said. The process to ... More

No open market operations for G-Secs now: Jalan
THE Reserve Bank of India has no immediate plans to come out with an open market operation in the Government securities market, according to its Governor, Dr Bimal Jalan. Dr Jalan stated this on the sidelines of an IMC Diamond Jubilee ... More

Essar Shipping to refinance $30-m debt, save on interest
ESSAR Shipping Ltd (ESL) plans to refinance $30 million of its debts tracking low interest regime worldwide and save close to $3 million as interest payouts. Speaking to Business Line, Mr Sanjay Mehta, ESL's Managing Director and Chief ... More

Eicher drops plan to sell Thane unit
EICHER Ltd has shelved plans to sell its gear unit under Eicher Demm and has charted out a turnaround strategy for the division. The company, which operates two gear units, had proposed to sell off its loss-making Thane unit. "There was some ... More

Port charges for pvt telecom players may go — BSNL likely to lose heavily
THE Telecom Regulatory Authority of India (TRAI) is likely to exempt private basic and cellular operators from paying "port charges", which run into hundreds of crores of rupees, to Bharat Sanchar Nigam Ltd (BSNL) for interconnecting with its ... More

No review of Tenth Plan targets: Pant
THERE will be no review of the eight per cent growth target fixed for the Tenth Plan and nor is the Plan size going to be truncated, despite the pessimism aired by the recent World Bank report, according to the Deputy Chairman of the Planning ... More

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