The Financial Express -- Corporate

Wednesday, July 16 1997

Forbes to jetisson fabric segment, focus on industrial yarn

The Rs 1,200-crore Forbes group, part of the Tata companies, has decided to gradually move out of the loss-making fabric business and concentrate on export of industrial yarns. The group is also drawing up a voluntary retirement scheme (VRS) to achieve cost-efficiency.

FIs may shun Chambal Fertilisers debt issue

The KK Birla-controlled Chambal Fertilisers & Chemicals' plan to privately place Rs 40-crore non-convertible debentures (NCDs) with financial institutions (FIs) may fall through owing to company's high debt equity ratio.

Stanistreet seeks ministry intervention for Rs 50-lakh central assistance

The ailing public sector company Smith Stanistreet Pharmaceuticals Ltd (SSPL) has sought intervention of the Union chemicals and fertilisers ministry for getting Rs 50 lakh from the centre and guarantee for release of Rs 45 lakh as loan from banks for its immediate operations.

Tata Sons declares 1:2 bonus, hikes dividend

Reliance set to mop up 100 mn pounds through sterling bonds offer

MTNL to offer integrated digital services soon

SWC sees 12-month profit at Rs 90 crore

ITC to raise $100m via ECB to fund expansion

PNB net touches Rs 238 crore

Sumitomo Marine to stick to insurance

Corporate Briefing -- Hughes Escorts to offer V-Sat network to HPL

BK Modi's son inducted into Modicorp board

IndusInd may fix share premium at Rs 30

Siemens: Poor and orphaned?

Microsoft Intranet display at meet