The Financial Express -- Corporate

Monday, June 30 1997

Jindal Vijayanagar Steel shuts corporate office in Bangalore

Jindal Vijayanagar Steel Ltd (JVSL), a part of the O P Jindal group, is closing down its corporate office in Bangalore and shifting base to Toranagallu in Bellary. According to company sources, the decision to move out of Bangalore has been taken mainly because of increased project costs and the slow pace of the proposed steel plant.

RSEB adopts bond route to finance plans

The Rajasthan State Electricity Board (RSEB) has taken the bond route to bridge the gap in its annual plans. It has raised Rs 949 crore through such issues during the last three years.

NBFCs explore new avenues for funds

While the CRB fiasco was a harrowing experience for depositors, non-banking finance companies, too, did not remain unaffected. For finance companies, the signal rang out loud and clear -- rely less on fixed deposits and look at other avenues of resource mobilisation like securitisation of receivables, ECBs, debenture issues, etc.

Kerala high court to hear HLL petition today

Sharp drop in number of new companies registered

Philips resumes talks with Pieco workers union

Marketplace -- Pennzoil launches brake fluid

IDBI set to cut deposit rates

Tamil Nadu firms seek solace from rental celltels as phones

Essar to consolidate hold before branching out: S N Ruia

Dhanavarsha takes on UTI scheme

China rules out HAL as partner for 100-seater aircraft project

Banks keep clear of NBFC instruments

Gritty performance by Electrosteel

Public sector banks: agenda for change