The Hindu Business Line : Saturday, February 05, 2005

Ford to launch upgraded Mondeo by month-end
The car, imported from Ford Motor Company's plant in Genk, Belgium, comes with changes to both the exterior and interior, according to Ford India officials. Mr David E. Friedman, Managing Director and President, Ford India Ltd, told Business ... More

HM mulls launching cheaper version of Lancer, Pajero
SUFFERING from sharply dropping sales of the Lancer and lukewarm sales of the Pajero, which in turn has led to poor utilisation of capacity at its Chennai plant, Hindustan Motors is currently busy working out a short-cut strategy to tide over the ... More

CORPORATE DISPUTES

Reliance Infocomm misrepresented facts on overseas calls: DoT
THE Department of Telecom (DoT) told the telecom tribunal today that Reliance Infocomm had misrepresented facts to avoid payment of access deficit charges (ADC) while routing international long distance calls as local ones. In a counter ... More

BSNL challenges TDSAT order on extending tariff cut to pvt operators
BHARAT Sanchar Nigam Ltd (BSNL) on Friday appealed before the Supreme Court challenging an order of the Telecom Dispute Settlement Appellate Tribunal (TDSAT), which directed it to extend its reduced tariff package to other basic and cellular ... More

OVERSEAS BORROWINGS

Even with rating upgrade — Corporates prefer rupee term loans to ECBs
DESPITE the sovereign rating upgrade by international rating agency Standard and Poor's, corporates are expected to remain wary of foreign currency borrowings. Banking sources said foreign currency borrowings are already available at low spreads, ... More

Essar Oil raises $213 m via foreign convertible bonds
ESSAR Group has raised about Rs 937 crore ($213 million) through two international bond issues to part finance its oil refinery in Gujarat. The group has informed stock exchanges that two group companies, Essar Oil Ltd and Essar Shipping, have ... More

MERGERS & ACQUISITIONS

Pantaloon to pick up 49 pc stake in Planet Sports for Rs 14. 2 crore
PANTALOON Retail (India) Ltd has said that it plans to pick up a 49 per cent stake in Planet Sports Pvt Ltd for a consideration of Rs 14.2 crore. The company has approved in principle the proposal to subscribe to 28,40,880 equity shares of ... More

Phlox merger with Sun Pharma may have to wait for BIFR nod
THE merger proposal of Phlox Pharmaceuticals with its parent company Sun Pharmaceuticals may have to be put on hold for a while. The ailing Phlox Pharmaceuticals is still awaiting the Board for Industrial and Financial Reconstruction ... More

SAIL may have to dig out Rs 150 cr for Australian coalmine
STEEL Authority of India (SAIL), which is in the race for acquiring 25 per cent stake in Tahmoor Coal Pty Ltd, would have to shell out Rs 150 crore for the acquisition, if the recent deal in the shares of the Australian company is anything to go ... More

ALLIANCES & JOINT VENTURES

Delhi Metro, BEML sign MoU
DELHI Metro Rail Corporation Ltd and Bharat Earth Movers Ltd have entered into a memorandum of understanding, which involves manufacture of Metro coaches for Phase - II of the Delhi Metro Project by BEML. "The MoU was signed in the presence of ... More

Damodar Valley Corp, SAIL in talks for second jt venture
HAVING formed a joint venture, Bokaro Power Supply Company Ltd, Damodar Valley Corporation and Steel Authority of India Ltd are now negotiating a second joint venture, also to be located at Bokaro. This apart, SAIL will participate in DVC's ... More

OUTLOOK

Tata AutoComp gearing up for global investments
IT may be a trifle behind schedule from original growth plans, but Tata AutoComp Systems Ltd (TACO) is gearing up for investments abroad, including likely acquisitions. TACO acts as the holding company for the Tatas' foray into automotive ... More

PERFORMANCE

`NDTV Profit doing well'
THE Prannoy Roy-promoted business news channel launched during the middle of January seems to have done well, at least in its very second week, between January 23-29. According to viewership data collated by TAM India covering all cable and ... More

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BSNL challenges TDSAT order on extending tariff cut to pvt operators

Pantaloon to pick up 49 pc stake in Planet Sports for Rs 14. 2 crore

Inflation declines on cheaper food, edible oils

Market intervention to hold prices — Procurement may cost Cotton Corp Rs 325 cr

Nirma, Henko also to cost more

Vegoil imports increase

Ministry cuts cargo charges for coastal vessels by 40 pc

In Focus

BHEL Disinvestment