The Financial Express -- Corporate

Tuesday, August 26 1997

IOC to tap $150m loan from Japan Exim Bank

Indian Oil Corporation (IOC), India's crude canalising agent, is poised to contract a 15-year $150-million foreign currency loan from the Japanese Exim Bank (J Exim). The the loan is denominated in yen and will be arranged by Bank of America.

Godrej Soaps trims finished goods' inventory level

Godrej Soaps has cut down on its inventory levels of finished goods in soaps to under 30 days from a high level of around 50 days a year back. This has been achieved through a focussed `single number operation' at various levels of production, purchase and the supply chain.

Somany group may opt for overseas debt

Calcutta-based Somany group is exploring the "cheaper" overseas debt route to fund its modernisation and working capital needs. While Hindustan Sanitaryware & Industries, is close to finalising external commercial (ECB) debt of $3 million, another group outfit SPL Ltd has tied up $3 million ECBs with Standard Chartered Bank.

Eicher group kick-starts two-wheeler operations recast

Philips ropes in Ravi Kant to pilot consumer electronics unit

Century Enka, Rajashree Polyfil merger ratio fixed at 1:20

Asian currency turmoil affects Seagate

Gilt Securities Corp nets Rs 15 crore profit

Parry Engineering hives off generator unit

Hindustan Zinc joins hands with global mining majors

The Index -- Raymonds growth to depend on revival

Sundaram Fin. seeks nod to set up venture with Australian firm

ICICI, IDBI, LIC change nominees on CESC board

OP Jindal group to set up 1,000 mw coal-based power project

World Briefing -- Nokia wins $30 mn GSM order in Turkey