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Friday, July 9, 1999

SBI to unveil 5-year loan for recession-hit firms
The State Bank of India has decided to launch five-year maturity "corporate loans" to support recession-hit domestic companies. This will essentially be an another window to help corporates facing cash-flow problems.

Supreme Court vacated UBI plea, Dunlop tells court
Dunlop India Ltd has told the Calcutta high court that the Supreme Court has vacated a special leave petition filed before it by the tyremaker's creditor-banker United Bank of India, according to its application before Justice AN Ray.

RBI okays Sahara residuary finance firm plan
Sahara India parivar has been granted certificate of registration by the Reserve Bank of India (RBI) for its residuary non-banking company (RNBC), the Sahara India Financial Corporation Ltd (SIFCL).



  Research Engineers acquires NetGuru for $4.2 million
  Net banking with Citibank
  Madras Refineries awaits PIB nod for Manali expansion
  Briefing
  Bokaro Steel Plant set to turn around this fiscal
  Pepsi and Coke drop price of 1.5 litre PET
  DSP plans to cut cost by Rs 150 cr
  Ogilvy Rural bags Bata India and TAFE
  Otis -- Elevating employee and customer safety to new standards
  Dow, Mitsui eye part of Centre's stake in Hindustan Organic
  ICICI board gives nod to rope in strategic partner
  Reliance Q1 net jumps 16% to Rs 510 cr
  Excess staff may put paid to ITDC disinvestment hopes in 1999-2000
  Ashok Leyland bets on knowhow to corner CNG bus market share
  Petronet offers turnkey contractor equity in Cochin-Karur pipeline
  SCI shortlists 4 consultants to chalk out revamp plan
  Appellate body shows Kedia Distilleries door
  BFL Software net dips to Rs 4.2 crore
  LML junks plan to set up retail finance subsidiary
  Daewoo to launch small car on Matiz platform
  Reliance equity base to expand 13 per cent to Rs 1,050 crore
  Reliance to unveil consolidated accounts with RPL
  RPL deal caveat could saddle IOC with entire Jamnagar production
  Reliance Petroleum may go for war insurance cover
  BHEL urges vendors to upgrade
  Fiat, Mitsubishi team up for sport vehicle
  Hyundai files plaint against Boeing, claims $750 mn in damages
  French regulators clear BNP offers
  Ericsson CEO resigns amid concerns over slow growth
  DuPont to cut 1,300 jobs, close plants
  Investments of State Bank of Travancore surpass advances



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