MSEB pays DPC's November arrears
Maharashtra State Electricity Board (MSEB) on Monday paid Rs 64 crore in arrears for the November 2000 bill to DPC. The arrears payment has obviated the need for the invocation of the Centre's counter-guarantee.

Sun Earth Ceramics to acquire Regency, set up green-field project in AP
The Rs 600-crore Sun Earth Ceramics Ltd, a part of Motwani Enterprises, is planning to acquire Hyderabad-based Regency Ceramics Ltd as part of its foray into the southern markets. The acquisition may take place for Rs 10.2 crore, sources said.

MTNL targets 30 per cent jump in Q4, full-year net
Mahanagar Telephone Nigam Ltd (MTNL), the country's largest listed telecom company, projects strong growth in both fourth-quarter and annual profits for the year to March, the firm's chief told Reuters.


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  Briefing
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