RESTRUCTURING
Barclays Capital to underwrite Rs 2,400-cr Essar Steel debt
ESSAR Steel's financiers are putting together a package under which Barclays Capital will underwrite new securities that will have as their underlying the entire Rs 2,400-crore debt of the steel-maker. According to an institutional source, the ... More

MERGERS & ACQUISITIONS
Tata Power to sell two generation units to ACC
TATA Power Company on Thursday said it will sell two of its power generation units at Wadi, Karnataka, to Associated Cement Company Ltd for Rs 238 crore. TPC will seek the shareholders' approval for the sale through postal ballot, the company ... More

CORPORATE GOVERNANCE
Base corporate governance on principles: Adi Godrej
AN executive board of 10 young managers who look at issues such as strategy, corporate governance and human resource development will report their findings once a quarter to the regular company board. This is one of the many initiatives to ... More

NEW PROJECTS
Reuters bets big on Bangalore unit
WITH the official opening of the finance business data centre of global news provider Reuters, a new avenue of outsourcing has opened for India. However certain challenges such as wage inflation, retention and training costs coupled with poor ... More

Cosmos Builders seeks Rs 15 cr from PNB for mall project
COSMOS Builders and Promoters Ltd, a part of the Rs 450-crore Mittal Group, today said it has approached Punjab National Bank for a Rs 15 crore loan, to part fund its mega mall project in Panipat. "The total investment for the Panipat project ... More

ALLIANCES & JOINT VENTURES
Decision deferred on changes in Press Note 18
THE Committee of Secretaries (CoS) headed by the Cabinet Secretary, Mr B.K. Chaturvedi, on Thursday couldn't reach a consensus on the future of the controversial Press Note 18 applicable to the Indian joint venture companies having foreign ... More

OUTLOOK
`Akzo Nobel to enter emerging markets'
AKZO Nobel's aspirations are to be a global company and be "where the action is," i.e., the emerging markets. And though the company is interested in bringing its clinical trials and new products into the country, India may have to wait just a ... More

Taj Bengal sees more room for growth
THE Tata group's 229-room Taj Bengal hotel here, on its 15th anniversary, is optimistic about the growth of " high-end" hotels in the city with the surge of demand for rooms from corporate travellers. The hotel management has thus decided to ... More

PERFORMANCE
Ashok Leyland Sept production hit due to strike
THE strike by workmen of Ashok Leyland's Hosur-I unit, which also produces most of the engines needed by the company, has hit production. Production of vehicles in September was 3,854 units compared with 4,549 in September last year and 4,226 ... More

TRENDS
Realty, the new financial instrument in making
The next big thing that is waiting to happen in the financial sector is funds earmarked exclusively for real estate. More