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Corporate Economy Expressions Markets Leisure 14 January 1998   Peregrine Capital knocked at FIs' doors to offload underlying shares Fearing the likelihood of Peregrine Investments facing liquidity problems overseas and its subsequent impact on India, Peregrine Capital India had reportedly approached domestic financial institutions (FIs) to pick up the underlying stocks accumulated by its overseas corporate bodies (OCBs) in the form of participatory notes.   Tata-Bell ECB sails through amid market turbulence Tata-Bell Canada cellular venture's nine-year $70-million foreign-currency loan has been priced at 187.5 basis points (bp) over Libor. Lead managers Bank of America (BankAm) and Toronto Dominion Bank have sucessfully placed the loan. The nine-year facility was arranged by BankAm's structured-finance arm based in HongKong -- BA Asia -- and Toronto Dominion Bank. Godrej and Boyce hives off storage-solutions business The 700-crore Godrej and Boyce Manufacturing Ltd has hived off its storage solutions business into a separate venture in asssociation with the Belgium-based Stow Storage Solutions Ltd. The new company has been christened Godrej Stow Storage Solutions Ltd. Banks trim Internasional Indonesia exposure Bank Internasional Indonesia (BII), the sole Indonesian bank operating in the country, is facing rough weather. The collapse of the Indonesian rupiah from 2,300 to a dollar in May 1997 to 8,500 has seen the bank's global net worth being eroded substantially. In India, leading state-run banks have reportedly scaled down or totally cut their inter-bank limits to BII (net profit in 1996-97: Rs 3.8 crore).   IDBI casts net for buyer to bail out Orient Syntex's yarn unit The Industrial Development Bank of India (IDBI) is scouting for a buyer for Orient Syntex's synthetic blended yarn plant at Yavatmal, Maharashtra, following a directive from the Board for Industrial Finance & Reconstruction (BIFR). The company came under the BIFR net in August 1997. Hyundai Motor to source diesel engines from Peugeot Hyundai Motor Company of Korea will source Automobile Peugeot's TUD5 diesel engine for its successor to the Accent, which will make its debut in the country towards the end-1999. The company is also developing its own in-house diesel engine for its small cars.   CORPORATE IDBI casts net for buyer to bail out Orient Syntex's yarn unit Godrej and Boyce hives off storage-solutions business ECONOMY Cochin port cargo movement on rise Textiles sub-group clears fund infusion plan into state-run unit EXPRESSIONS New NBFC norms: A case of over-reaction BJP's pragmatism MARKETS Peregrine Capital knocked at FIs' doors to offload underlying shares Jardine Fleming prepares for uncertainty, trims staff LEISURE Doordarshan to jump into viewership-rating bandwagon Election programmes to pivot recast Star Plus alt="Bottom banner spot" border="0">