CORPORATE BONDS
`BB' rating for NTPC bond issue
STANDARD & Poor's Ratings Services assigned its BB rating to National Thermal Power Corporation's proposed senior unsecured $200 million bonds. Proceeds from the bonds are to be used to fund NTPC's capital expenditure on expanding its ... More

RESTRUCTURING
Haldia Petro gearing up to post profit with CDR plan ready
THE loss-making Haldia Petrochemicals Ltd (HPL) is now gearing itself up to enter the net profit zone with the corporate debt restructuring (CDR) plan firmly in place. The details of the plan, which was finalised by the CDR cell on January 22, ... More

CORPORATE GOVERNANCE
Crisil's new governance model to provide roadmap for cos
CRISIL has said that its new Governance and Value Creation (GVC) corporate governance rating model, coupled with a strong regulatory push from SEBI, could evolve into an effective roadmap for improved governance practices in Indian industry. ... More

NEW PROJECTS
BILT unit plans expansion
The Thapar group company BILT Paper Holdings plans to expand capacity of BILT Graphic Papers India, formerly known as Sinar Mas Pulp and Paper India.Talking to presspersons, Mr Gautam Thapar, BILT Vice-Chairman and Managing Director, said BILT is ... More

REGULATORY BODIES & RULINGS
Select telecom schemes `discriminatory': TRAI
THE Telecom Regulatory Authority of India (TRAI) has noted that the closed user group (CUG) and virtual private network (VPN) schemes being offered by various operators are discriminatory in nature. "It has come to the notice of the authority ... More

TRADE & LABOUR UNIONS
Expand RINL capacity: CITU
THE Union Government should immediately undertake expansion of the capacity of the steel plant here from the present 3.2 million tonnes to five million tonnes and later on to 10 million tonnes to make it viable in the long run, the Centre of ... More

ALLIANCES & JOINT VENTURES
Zydus Cadila in pact with Boehringer Ingelheim
THE Ahmedabad-based Zydus Cadila has inked a pact with Boehringer Ingelheim India Private Ltd (BIIPL), to continue to manufacture and market Boehringer Ingelheim's gastrointestinal products Dulcolax and Buscopan and cardiovascular drug Actilyse, ... More

NEC Micon ties up with ABG Heavy Industries
NEC Micon, the wholly-owned Indian subsidiary of the Danish company Micon, the world's largest manufacturers of wind turbines, has tied up with ABG Heavy Industries Ltd, a major player in port and infrastructure development, for erection of the ... More

SOCIETY & DEVELOPMENT
DuPont awards for school kids
AS the 1,000-crore DuPont India explores the possibility of beefing up its presence in the country, its corporate social responsibility programme for the second consecutive year touches the lives of metro school children and helps to strengthen ... More

IPOS
Kamdhenu Ispat plans IPO to fund greenfield project
Kamdhenu Ispat Ltd (KIL) is planning to enter the market with its initial public offering (IPO) by May this year to fund its greenfield expansion project in Uttaranchal. Speaking to Business Line, the KIL Chairman, Mr Satish Aggarwal, ... More

SICK UNITS
Srei Capital to be advisor for Idcol sell-off
SREI Capital Markets Ltd, a wholly-owned subsidiary of Srei International Finance Ltd, has been appointed advisor by Industrial Development Corporation of Orissa Ltd (Idcol) for the disinvestment programme pertaining to four of its closed ... More

OUTLOOK
L&T to focus on nuclear, defence, aerospace sectors
LARSEN & Toubro's heavy engineering department (HED) is placing increasingly elaborate emphasis on the areas of nuclear power, defence and aerospace, having decided to place singular focus on high-end high technology (and high-margin) businesses More

SAIL plans to expand capacity to 20 mt in 8 years
THE Steel Authority of India Ltd (SAIL) proposes to expand its production capacity by around 66 per cent over the next eight years to 20 million tonnes per annum by the financial year 2011-12 from the present 12 million tonnes. The public ... More

Sanwaria Agro Oils to expand capacity
SANWARIA Agro Oils Ltd (SAOL) is planning to increase production capacity to 4.5 lakh tonnes annually from the current 1.27 lakh tonnes, through acquisition and leasing of existing solvent extraction and refining plants in Madhya Pradesh. At ... More