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Corporate Economy Expressions Markets Leisure 23 February 1998   State Bank, Societe Generale bail out MSEB forex loan The lead arrangers to the Maharashtra State Electricity Board's (MSEB) eight-year $50 million foreign currency loan priced at 85 basis points over Libor -- State Bank of India and Societe Generale -- have bailed out the offering by taking $35 million onto their books. MSEB may now have to settle for $47 million instead of the intended mop-up of $50 million.   2 Alcan nominees to grace Indal meet Alcan Aluminium Ltd has confirmed the participation of at least two of its three nominees on the board of Indian Aluminium Co Ltd at Thursday's board meeting in Mumbai. The meeting is being held to take stock of the unsolicited offer made by Sterlite Industries for a 20% stake in the company. MTNL to take on private operators, mulls tariff sops Mahanagar Telephone Nigam Ltd is contemplating attractive tariff packages besides stressing on quality services, in Delhi, to face the challenge posed by the private sector in the basic telephone services. MTNL is also looking forwards to offer tariff packages on a par with private operators. CMC plans to infuse funds into US arm The public sector CMC Ltd has sought the government's approval for a 15-fold increase in investment in its US-based wholly-owned subsidiary, Baton Rouge International Inc (BRI). The proposal has been cleared by the Department of Electronics and the Reserve Bank of India (RBI). CMC plans to strengthen BRI's equity base with an additional investment of $ 1.5 million.   Dabur to recast export operations The Rs 700-crore Dabur India is revamping its export operations to overcome slow growth in export turnover this year and focus on new markets. The company has already closed down its merchant exports division which hardly made any contribution to the company's bottomline. Cola war hots up, Coke takes fizz out of Pepsi The Pepsi-Coke war is taking a new turn with the cola majors fighting pitched battles over cinema halls in metro cities. In a recent skirmish, Coke successfully broke up Pepsi's long-standing relationship with Priya, an up-market cinema theatre in Delhi.     Financial Briefing   Executive Briefing   IDBI to spread wings overseas; cross-border loans on anvil   Indian Airlines float hinges on centre funds   Indian Oil, ONGC plan alliance to gear up for APM abolition   Police firing leaves Pasupati Spinning workers shellshocked   Financial institutions may root for Sterlite offer   I-T may move court over Reliance Petrochem order   Kajaria Ceramics thinks big, set to commission Rajasthan unit soon   Gallup MBA survey to aid Glaxo put staff peccadilloes under microscope   Minister remarks unsheathe trouble at condom unit   Bhiwani Textile sees 30% increase in turnover   Truck tyre majors burn rubber on discounts   Corporate Briefing