The Financial Express -- Corporate

Thursday, November 13 1997

ICICI asks Core Healthcare to bring in Rs 100 cr of equity for loan support

ICICI has set stringent conditions for the promoters of Core Healthcare, a leader in intravenous (IV) fluids, for bailing out the company from its liquidity problems. The lead lender has, among other things, asked the Handas, who run the Ahmedabad-based company, to bring in Rs 100 crore of equity funding by December 31, 1998, failing which the lenders will seek to bring in a new promoter.

India Cements bid for Cement Corporation unit gets central nod

The Centre has accepted India Cements Ltd's (ICL) Rs 198 crore bid for the state-owned Cement Corporation of India's (CCI) Yarraguntla plant. ICL has accepted the official communication to that effect sent by SBI Capital Markets, merchant bankers to the takeover.

Volvo may price tractor-trailer at Rs 35 lakh

Volvo India Pvt Ltd, the 100% subsidiary of AB Volvo of Sweden, will be pricing its 65-tonne tractor-trailers at around Rs 35 lakh each. The company has already booked orders for supplying 20 trucks to companies including the Transport Corporation of India (TCI), Central Rail International (CRI), DBC group, Central Roadways Corporation (CRC) and the Kataria group.

ICICI asks Core Healthcare to bring in Rs 100 cr of equity for loan support

State Bank to offer floating rates on FCNR (B) deposits

Maharashtra announces tax sops, et al for Fiat, Skoda car projects

Indian Hotels H1 net dips to Rs 47 crore

Promoters to pick up fresh equity in Escorts Yamaha at Rs 80 a share

Volvo may price tractor-trailer at Rs 35 lakh

Owens Illinois to pay Rs 11.80 a share to buy out Bilt's stake in JV

Financial Briefing -- Birla Finance FDs downgraded

Sharp fall in GIC growth rate

IndusInd Bank sanguine on issue reception

Auction proceeds in North Star scrip impounded

Kodak plans $1-billion restructuring plan