Corporate
Fresh bids to be sought for HFL
THE Board for Industrial & Financial Reconstruction (BIFR) has directed the Industrial Development Bank of India (IDBI) to issue fresh advertisement for takeover or leasing or merger of the ailing Hindustan Fluorocarbons Ltd (HFL).

Ansaldo Energia to buy out Indian partners
WHILE global energy giants appear a little apprehensive while commenting on their Indian investment plans in recent times, particularly after the Enron fiasco, the Italy-based Ansaldo Energia SPA has decided to convert its joint venture company -- Ansal do Services (P) Ltd -- into a wholly-owned subsidiary.

Cenvat rules must be modified: FICCI
THE Federation of Indian Chambers of Commerce & Industry (FICCI) has said that the Cenvat rules should be suitably modified to make it more practical, implementable and user-friendly.

Power


Despite hurdles, NTPC makes high-voltage plans
THE National Thermal Power Corporation (NTPC) generates around 20 per cent of the country's power output. The Corporation is now in the process of adding another 20,000 MW over the next decade. It also has plans to enter the distribution business.

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