The Rs 384-crore Hindustan
Inks and Resins has received permission from the Reserve Bank
of India for an equity infusion of around $30 million (Rs 143
crore) into Micro Inks Corporation -- its wholly-owned subsidiary
in the US.
Undeterred by the downfall
of its parent in the US, Dabhol Power Company has threatened
to transfer all its obligations under various project contracts
to MSEB under “novation deed” as per the clause 11 of the power
purchase agreement.
The AV Birla group is likely
to resume talks with Indian Oil Corporation to pick up its 37
per cent stake in Mangalore Refinery and Petrochemicals if Hindustan
Petroleum Corpn refuses to pick up the stake.
The aggregate interest cost
of 768 private sector companies was Rs 3,624 crore during July-September
2001, a 7.3 per cent decrease over the July-September 2000 level
of Rs 3,910 crore.
