Goodbye to guarantees for Hirma, Ennore -- Rs 500-cr capital infusion into PTC
STUNG by the Enron experience, the Government is planning a capital infusion Rs 500 crore into Power Trading Corporation as an alternative to providing guarantees for the two `mega' projects -- the 3,960-MW Reliance-SEAP-promoted Hirma project and the 1, 800-MW Grasim-promoted Ennore project. The money is planned to be infused over a five-year period, dovetailing with the commissioning of the projects.

ITC chief chews tobacco move -- Favours debate for obtaining industry point of view
WHILE welcoming and assuring to support the Union Government initiatives to regulate the tobacco consumption and industry sponsorships through enabling enactment, the ITC Chairman, Mr. Y.C. Deveshwar, said that a debate on the subject taking the industry point of view was vital to give it a more practical direction.

Maharashtra may pay DPC November bill
DESPITE the public posturing of `near bankruptcy', the Maharashtra Government today indicated to the Finance Ministry that it is willing to pay up the Enron Dabhol Power Company's outstanding bills.

Enron yet to pay KPTCL margin money
GLOBAL energy major Enron has failed to make the margin payment of 10 per cent for the optic fibre cable backbone it had proposed in Karnataka using the transmission network of the State-owned Karnataka Power Transmission Corporation Ltd (KPTCL).

Smoke `bomb' sends admen scurrying
THE proposed ban on tobacco may be a shot-in-the-arm for the health lobby, but it definitely has sent advertisers, media-planners and agencies into a huddle.

A new war on the small screen
AFTER wars between the entertainment channels, it's now competition time between the various news and current affairs channels. And new entrant Aaj Tak, from TV Today Network, seems to be gradually gaining the edge.

Dilip Pendse to quit Tata Finance
THE Tata Finance Ltd (TFL) Managing Director, Mr Dilip Pendse, has decided to call it a day after completing five years in TFL and 22 years in the Tata group. The TFL President, Mr Subodh Shah, is tipped to replace Mr Pendse.

Page One | Index | Home

Investment World

News Update

Brand Quest

Canvas


Praxis

Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line.