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Thursday, April 14, 2005

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Dabhol's domestic lenders to buy out offshore debt — SPV to float bonds to raise funds
GAS and Power Investment Company (GAPIC), a special purpose vehicle set up by the Indian lenders to the $3-billion Dabhol Power Company (DPC), is close to buying out the project's foreign debt component of around $600 million. The recently ... More

VAT panel to meet on April 16 to review progress
THE Empowered Committee of State Finance Ministers on value-added tax would meet here on Saturday to discuss and review the "implementation issues" surrounding the introduction of State-level VAT from April 1. The meeting assumes significance, ... More

HDFC Bank Q4 net up 30% on higher credit, fee income — To pay 45 pc dividend
HDFC Bank has reported a 30.8 per cent increase in its net profit at Rs 202.4 crore for the fourth quarter ended March 31, 2005, against Rs 154.7 crore in the corresponding quarter last year. An increase in credit and income from fees and ... More

India records fastest growth in car production
INDIA registered the fastest growth among the top 15 passenger car producing countries in the world in 2004. As per latest rankings by the International Organisation of Motor Vehicle Manufacturers, OICA, India's car production grew 30 per cent ... More

The Hindu rolls out with new look
THE Hindu sports a new look from Thursday. A design whose purpose, in the words of the paper's Editor-in-Chief, Mr N. Ram, is to offer a "more contemporary, elegant and functional newspaper". Addressing a large gathering of some of its ... More

Seafood industry on alert as US FDA detains shipments — Banned antibiotic in shrimp imports
SEAFOOD industry in the country is on alert as the US Food and Drug Administration (FDA) has announced that it would detain shipments from a number of countries, including India, if a banned antibiotic is detected in shrimp imports. Leaving ... More

Bharti ready for 3G services
TEN years after making the first call on Airtel from Delhi, Mr Sunil Mittal, Chairman and Managing Director, Bharti Enterprises, is hungry for more. For starters, the company which has completed roll out of its global system for mobile (GSM) ... More



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