Corporate
NV Distilleries eyes 5% share of domestic market
NV Distilleries & Breweries (P) Ltd, which has just launched Party Special Whisky, hopes to garner a five per cent share of the domestic market for what is termed as rare prestige whisky, according to Mr. Ashok Jain, Chairman of the company.

CREDIT RATINGS
NEW DELHI: Investment Information and Credit Rating Agency (ICRA) has assigned an `MAAA' rating to the Rs. 50-crore medium term debenture programme of Lakshmi General Finance (LGF). LGF, a closely held company with more than 90 per cent of its equity bei ng held by Sundaram Finance Ltd (SFL) and its promoters, is in the same business as SFL.

CORPORATE LAW FORUM
Mr. L. V. V. Iyer, a specialist in Company Law, replies to readers' queries.

IDBI appointed operating agency for Siel Aircon
THE Board for Industrial and Financial Reconstruction (BIFR) has appointed Industrial Development Bank of India (IDBI) the operating agency (OA) for Siel Aircon Ltd (SAL) to examine the viability of the company and formulate a rehabilitation scheme.

Economy
Why are poor States poor?
THE POVERTY of States, such as Bihar and Orissa, has been an undeniable fact of the Indian economic life. Large masses of people migrating to metropolitan centres, such as Mumbai and Delhi, from Bihar, UP and Orissa are proof of the great deprivation in those States. These threaten to tear the social fabric not only in the metropolitan centres but also the States from where they migrate. Mr. Montek Singh Ahluwalia recently made a seminal contribution to the debate on State poverty. As is to be expected from a person of his eminence, his latest discussion of performance of the States is a model of clarity and insightful logic.

Page One | Index | Home