INSIGHT
Corporate debt restructuring — Mechanism that needs a relook
The basic objective of corporate debt restructuring should be revival of units by increasing their production within a time-frame and, if necessary, by changing the management with government support. The CDR mechanism has not proved effective in redressing loan delinquency by big borrowers; it has, in fact, enhanced the losses. The system must be reviewed to make it more effective, says O. N. Singh. More

RESTRUCTURING
BPL to shut down refrigerator plant
BPL has decided to shut down its refrigerator plant with the group company, BS Refrigerators Ltd, applying for closure of the factory under the provision of Industrial Disputes Act. The company has cited working capital constraints as the ... More

MERGERS & ACQUISITIONS
Sita in talks for buying cos in UAE, Nepal
KUONI India's inbound division, Sita, is in talks for acquiring companies in Nepal, United Arab Emirates (UAE) and India, the company's Chief Operating Officer, Mr Himmat Anand, said here on Thursday. "In Nepal we would look at acquiring an ... More

SRF Polymers to sell undertaking to SRF Ltd
SRF Polymers Ltd has informed Bombay Stock Exchange that it hasdecided to sell a polyester films business undertaking on a slump sale basis to SRF Ltd for a consideration of Rs 50 crore. At a meeting held on Tuesday, the board recommended a ... More

NEW PROJECTS
Taj hotel in Kerala soon
INDIAN Hotels Company Ltd (IHCL), which operates the Taj group of hotels, will set up a business hotel at the Technopark in Thiruvananthapuram. The total investment in the hotel, which will be built on land leased to IHCL by the Technopark, is ... More

ALLIANCES & JOINT VENTURES
UTI ties up with State Street to offer global MF products
UTI Mutual Fund and State Street Global Advisors have entered into an exclusive tie-up that will lead to the formation of schemes aimed at Indians willing to invest abroad. State Street is the world's largest institutional asset management ... More

K-bip to sign MoU with German expert group
SES has helped upgrade a coir-making machinery and K-bip is in the process of producing three prototypes. More

SICK UNITS
Resuscitating companies that are sick
FOR successfully running a company, a corporate chieftain should develop the capacity to diagnose the early symptoms of emerging sickness and devise the appropriate measures to set right the situation. Even where the ... More

OUTLOOK
GM India believes worst is over
GENERAL Motors India Pvt Ltd (GMI), which wrote-off accumulated losses worth Rs 373.40 crore in October 2002 by going in for a restructuring of its equity base, feels it has turned the corner for the first time since it began operations in ... More

Boots Piramal working to retain visibility
FROM analgesics such as Aspro and Saridon to skin-related products such as Clearasil and Lacto Calamine — the Boots Piramal basket comprises a clutch of brands with high recall, though visibility has suffered on account of the increasing ... More