Corporate
RINL aims at cutting costs by Rs 100 cr
RASHTRIYA Ispat Nigam Ltd (Vizag Steel) is targeting savings of about Rs. 100 crores through a cost-cutting exercise this fiscal, said the RINL Chairman and Managing Director, Dr. B. N. Singh. The steel industry had passed through a bad phase in

Hikal Chemical finalising tie-up with multinational
HIKAL Chemical Industries Ltd is in the final stages of negotiations with a multinational company for a buyback tie-up. ``Within a month, the company will sign a 100 per cent product buyback agreement for our Panoli plant. It will be similar to the Taloj a plant agreement we have with Merck,'' Mr. Jai Hiremath, Managing Director, told Business Line here.

Policy
Disinvestment: New twists and turns
THE print media's version of a television soap opera, now being played out particularly by the financial newspapers, is not based on boardroom battles, a la Khandaan. It hinges on the disinvestment policy, and features a motley cast of vill ains (read rebel Ministers and their senior babus) and also a senior official, dubbed as Rambo by many for his bulldozer approach to selling off State-owned companies.

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