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Friday, September 17, 1999

HCL Technologies may price IPO at Rs 1,500 premium
HCL Technologies, promoted by Shiv Nadar and part of the HCL group of companies, is planning to price its initial public offering (IPO) at a premium of around Rs 1,500, merchant bankers associated with the issue said.

Hotel Leela to float Rs 37 cr rights issue
Mumbai-based Hotel Leela is hitting the capital market with a Rs 37-crore rights issue at Rs 15 per share (premium Rs 5).

Birla Cash Plus to launch fortnightly dividend
Birla Cash Plus, the short-term debt plan from Birla Sun Life Asset Management Company, will introduce a fortnightly dividend from September 17.


Corporate Results


  GMI seeks sops from Gujarat for five years
  Peugeot not to re-enter India; Group firm seeks local ally for scooter venture
  General Motors to place Opel Corsa in Rs 5.5 lakh bracket
  CESC plans to buy less power from WBSEB
  HM plans to roll out Lancer luxury version
  ICICI Bank plans to upgrade ATM card
  Hudco seeks regulatory body for urban infrastructure
  UB seeks tax cut on beer
  India Foils bags $4.5m supply contract from US firm
  Sales growth in car market unsustainable -- Maruti MD
  Jindal Polyester mulls employees stock option plan
  RPG Cables to treble optic cables capacity
  Bangurs, Tayals lock horns again to wrest control of Bank of Rajasthan
  Nalco Chemicals buys out Aqua Chemicals
  No disinvestment in Icra, says IFCI
  `No guaranteed profits to KPC from refinery'
  TVS Suzuki 5-month sales up 27%
  IDBI board clears proposal for cross-border investment
  Indian Hotels UP resort to be thrown open in December
  BHEL secures Rs 1,000 crore IDBI line of credit
  Torrent Pharma recasts product portfolio; to focus on core areas
  Telco set to try out large car prototypes
  VSNL reverses downtrend on the bourses; issue looks attractive
  DSPML bond fund declares 4.6% dividend
  Govind Rubber's future hinges on value-addition
  HDFC Bank, Birla Global in race to finance Kale Consultants'IPO
  Titan Industries appears to be attractive
  Wipro to use Spice Telecom's network for offering Net services in Karnataka
  Industrial segment new thrust area for Iridium
  ITI to enter GSM market
  ESS launches ERP product on the Net
  ISG to be spun off into separate company
  Matsushita to build brand with roadshows
  CavinKare to double reach by March 2001
  Natural concerns -- MRTPC initiates inquiry against Enkay's Onjus
  Godrej launches sandal soap with higher TFM



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