OVERSEAS BORROWINGS
Moser Baer allots GDRs to Warburg Pincus
Each GDR is priced at an amount equivalent to Rs 33,600, translating into an effective price per underlying share of Rs 336. More

CORPORATE BONDS
Tata Power issue gets stable ratings
CRISIL has assigned `AA+' or stable ratings to Tata Power Company's Rs 500 crore non-convertible debenture issue, while reaffirming the same rating for two NCD programmes of Rs 500 crore each. It has reaffirmed a P1+ rating assigned to TPC's Rs ... More

MERGERS & ACQUISITIONS
Shyam Telecom transfers 27.5% stake in Hexacom to arm
SHYAM Telecom has transferred an equity stake of 27.5 per cent in Hexacom India Ltd to its wholly-owned subsidiary, Shyam Telelink Ltd. The company informed the stock exchanges today that this has been done with a view to ... More

NEW PROJECTS
GAIL completes Dahej-Vijaipur pipeline project
GAIL (India) Ltd on Wednesday announced the commissioning of the Dahej-Vijaipur pipeline project. The 610-kilometre pipeline from Dahej to Vijaipur, constructed at a cost of Rs 2,936 crore in a record 14 months against the earlier schedule of ... More

Mangalore Chem plans coke plant
MANGALORE Chemicals & Fertilizers Ltd (MCF) plans to set up a metallurgical coke manufacturing facility at its existing plant site with an estimated capital expenditure of Rs 360 crore, the company said in a statement to the Bombay Stock ... More

INTERVIEW
`Cost-cutting measures yielded results'
RIDING on the back of a buoyant economy, the paint industry in general has been doing well for the past few years. The period has been particularly good for Berger Paints India Ltd whose strength is in the decoratives. Despite formidable ... More

OUTLOOK
Finolex to cash in on drip irrigation thrust in TN — Hikes production capacity expecting demand
FINOLEX Industries Ltd (FIL), manufacturers of branded PVC pipes, plans to capitalise on the thrust given by the Tamil Nadu Government to drip irrigation in the State, which accounts for nearly 10 per cent of the company's ... More

PERFORMANCE
SAIL output touches 11 m tonnes — Beats previous records
PUBLIC sector Steel Authority of India Ltd (SAIL) has produced the highest-ever 11 million tonnes of saleable steel and sold a record 10.8 million tonnes in domestic and overseas markets during fiscal 2003-04 showing a growth of six per cent and ... More