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Saturday, March 13, 1999

L&T sews up Rs 409cr securitised deal with IPCL
Engineering giant Larsen & Toubro (L&T) has completed a Rs 409-crore securitised deal for a 90mw captive power plant being built for Indian Petrochemical Corporation (IPCL) on a built, operate and transfer (BOT) basis.

HDFC takes cue from banks, cuts rates by 50-100 bps
The Housing Development Finance Corporation (HDFC) yesterday slashed its interest rates to an 18-year low across all slabs above Rs 10,000. The new rates will be effective from March 15.

Vijay Mallya plans to pick up 6.25% more in UB
Liquor baron Vijay Mallya has mopped up an additional 6.25% of the United Breweries's expanded share capital at an attractive price.


Inspirations furnishing fabrics


  Fire at Bombay High gas well
  VSNL cuts Net renewal rates by 20%, plans to slash subscription charges
  Wartsila to hold majority in Samayanallur project
  New Holland seeks to hike tractor share, weighs construction-equipment foray
  Paribas spurns BNP's proposal to join in bank-merger pact
  Picture Tel gizmos help Naidu join the big league
  Cadila signs strategic alliance with Japan's Nichiiko
  NTPC eyes imported coal option for new coast-based projects
  UPSEB may hand over Tanda project to Powergrid in lieu of payments
  IOC plans energy centre for R&D on new avenues



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