The Hindu Business Line : Sunday, January 05, 2003

Banks offering sub-PLR loans to small borrowers — BoB sets the ball rolling; others to follow suit
Since public sector banks have large exposures to the small-scale and agricultural sector, the reduction in interest rate by them will be significant to the sector. More

ICICI Bank to acquire finance co for Rs 74 cr
ICICI Bank Ltd today said it would acquire 100 per cent equity of Transamerica Apple Distribution Finance Pvt Ltd (TADFL), a Mumbai-based financial service company, at an estimated cost of Rs 74 crore. The all-cash-deal, brokered by JM Morgan ... More

Grasim bid to convince FIs on L&T demerger
WHILE there is a pregnant silence on the Larsen & Toubro-Grasim Industries front, with no formal move or announcement having been made for at least a month now, hectic informal talks are on between the two parties as well as the financial ... More

Shaw Wallace revises open offer for Skol
SHAW Wallace Breweries Ltd has revised the open offer to the equity shareholders of Skol Breweries Ltd. SWBL will now acquire up to 33,39,574 equity shares representing 10.03 per cent of the issued equity capital of Skol, as against the earlier ... More

Conditional nod to Coke's capital recast plan — Indian shareholders must have at least 49% voting rights
THE Government has given conditional approval to Hindustan Coca-Cola Holdings (HCCH) to go ahead with its financial restructuring plan for the Indian bottling subsidiary Hindustan Coca-Cola Beverages (HCCB). The plan includes reduction of ... More

Forex reserves up at $70.29 b
THE forex reserves have risen by $ 783 million to touch $ 70.291 billion for the week ended December 27, 2002, as compared to $ 69.508 billion in the previous week. The reserves have been rising largely due to the dollar inflows flooding the ... More

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