The Hindu Business Line : Monday, December 08, 2003

Funds infusion into NTC units likely soon
THE ailing National Textile Corporation (NTC) is likely to shortly infuse funds for capital expenditure toward modernisation of 15 of the 53 textile units slated for revival under its revamp programme. The modernisation of the first batch of 15 ... More

OVERSEAS BORROWINGS

SEBI nod necessary for IDR issue
COMPANIES looking to raise funds in the country through the Indian Depository Receipts (IDR) route may have to obtain the consent of the the Securities and Exchange Board of India (SEBI) before making an issue of IDR through a domestic ... More

As India Inc forays abroad... : A new mantra to remember
REMEMBER the acquisition of Tomco by Hindustan Lever? It was feared at that time that India Inc would be taken over by the MNCs. Nothing of the sort has happened. On the contrary, Indian business houses are reported to ... More

ALLIANCES & JOINT VENTURES

Wellwin to form JV with Chinese, Malaysian firms
WELLWIN Industry is in talks with a Chinese and a Malaysian company to form (separate) joint ventures for industrial and 2-wheeler batteries, respectively. The Chennai-based engineering company got into the industrial battery business in 2000 ... More

OUTLOOK

Toyota mulls launch at `Maruti 800 price'
TOYOTA Kirloskar Motor is planning to launch a small car in the 800 cc - 1,600 cc range in another three years. "We could look at an alternative model which is of the same price range as that of Maruti 800, but with added features. But we ... More

SteelRx expects Rs 400-cr auction by fiscal-end
DEDICATED online steel trading site steelrx.com has recorded a more than 100 per cent jump in its volumes during the year and expects to close the year with Rs 400 crore of steel auctions. According to Mr Y.P.S. Suri, CEO of SteelRx, "online ... More

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