The Financial Express -- News

Friday, May 2 1997

TVS Suzuki to privately raise Rs 150 cr via bonds

Two-wheeler major TVS Suzuki will privately place Rs 150 crore in debentures on Friday. The double A-rated debentures carry a coupon of 15.5% and have a 66-month maturity period. Arrangers to the issue plan to tap high networth individuals and financial institutions like commercial banks and foreign institutional investors to subscribe to the issue.

Infrastructure Bond Issue

Wireless planning wing approves frequency hike

The wireless planning coordination wing of the Union communications ministry of as approved the increase in the frequency allocated to the four cellular operators in Delhi and Mumbai. The four operators who have gained from the move are Air Tel Service of Bharti, Essartel, Max Touch and BPL Mobile.

India regrets US decision on watchlist

India has "regretted" the Clinton administration's decision to put the country on its "priority watchlist" under the special 301 provision for Delhi's failure to provide protection to American intellectual property rights.

Mega plan to achieve power target

SIA still hopeful of venture with Tatas