DCM Consolidated plans Rs 40-cr preference issue
The Ajay-Vikram Shriram controlled DCM Shriram Consolidated plans to come out with a Rs 40-crore preference share issue. The shares, having a face value of Rs 100 each, are being issued to meet the company's working-capital requirements.

Enron opts out of TN power plan; others may follow suit
Energy major Enron has dropped its plan to put up a 242MW liquid fuel-based generation power project in Tamil Nadu following the state electricity board's refusal to extend an escrow account facility to the project.

BT launches global tie-up with AT&T
British Telcommunications Plc plans a $10 billion global joint venture with America's biggest carrier -- AT&T Corp -- in a deal to create a major new force in world telecoms. The new 50:50 joint venture is likely to be completed within 12 months.

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