The Financial Express -- Corporate

Saturday, May 31 1997

Banks, FIs race for Birla-AT&T syndicated loan

The roadshow for $283-million Birla-AT&T syndicated loan was held in Mumbai yesterday. Institutions and banks in the roadshow included the Industrial Credit and Investment Corporation of India, Industrial Development Bank of India, State Bank of India and Bank of India. Among the global investment banks, Union Bank of Switzerland and Merril Lynch evinced interest.

Madras Cements to kick off green field project in July

Madras Cements, the flagship of the Ramco group, is likely to begin work on a new greenfield 0.5 million tonnes per annum cement unit in Tamil Nadu from July this year. This will take the company's installed capacity to 3.5 million tonnes.

VSNL net profit up 23% to Rs 503 crore

Videsh Sanchar Nigam Ltd has recorded a 23% increase in net profit to Rs 503 crore for the year ended March 31, 1997, as against Rs 408 crore last year. The total revenue grew 17% at Rs 5,262 crore as against Rs 4,473 crore in the previous year.

Pfizer may review Chandigarh unit fate

CRB Mutual: SEBI to move court to appoint trustee

NGEF to divest stake in Mysore Lamps

Avanti Feeds back in the reckoning

Corporate-Briefing -- DoT relief for private licensees

Reliance plans another Rs 5,000-cr petro complex in Jamnagar

F.I.R. -- IOC cancels tender

All-round slowdown dents Kajaria Ceramics net profit

First round of top-level reshuffle at SAIL

Hotel Leela's 7-yr bonds to offer 15.25%

Indbank, Canbank MFs skip dividend

Ex-Nomura chief arrested over scandal