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Friday, March 05, 2004

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$ 6-b ECB money likely to flood markets — Cos seeking 'change in lender profile, lower interest cost'
A number of your clients appear intent on ignoring rupee funds and are instead, queuing up to borrow from overseas markets. Since January, about 25 companies have announced plans for raising money through external commercial borrowings (ECBs). ... More

Total to take 26 pc stake in Shell Hazira
SHELL Gas BV, a member of the Royal Dutch/Shell Group of Companies, on Thursday announced that it had agreed to terms for Total Gaz Electricité Holdings France to take a 26 per cent share in the Hazira project. This would be subject to the ... More

ONGC: Only associates of lead managers can issue PNs
THE Government has stated that only the associates of book-running lead managers will be allowed to issue participatory notes for the public offer for sale of 10 per cent equity in ONGC to attract large foreign investors. "There is no change in ... More

Apollo Tyres in talks again to buy Modi Rubber
APOLLO Tyres has revived efforts to acquire the manufacturing facility of the beleaguered Modi Rubber. Top officials of both the companies jointly met the creditors of Modi Rubber today to seek their support for the proposed deal. According to ... More

Bank of Maharashtra issue oversubscribed
THE Rs 230-crore public issue of Bank of Maharashtra is understood to be oversubscribed nearly six times. The issue is said to have witnessed active participation from FIs and banks. As on Wednesday, the issue had been oversubscribed 3.5 times ... More

Parties not to jettison economics for politics
"GOOD economics is good politics.'' It's not only the Confederation of Indian Industry (CII) that believes in this adage, even the two largest political parties — the Bharatiya Janata Party and the Congress — have conceded that this ... More




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