Financial Express - India's leading business newspaper from the Indian Express Group

FIs may be roped in to pick Dabhol-II equity

In an important turn of events relating to the stakeholding of the Maharashtra govt in Dabhol Power Company, the state govt is now exploring the option of asking financial institutions to step in and pick up the 15% equity stake, amounting to over Rs 300 cr, in the 1,444-MW second phase of the project.

Icra downgrades ACC, Gujarat Ambuja ratings

The Investment Information and Credit Rating Agency (Icra) has downgraded both Associated Cement Companies (ACC) and Gujarat Ambuja Cements Ltd (GACL).

Holder Bank, Lafarge vie for LTCL tie-up

With the modalities of the demerger of Larsen and Toubro's (L&T) cement division announced on Wednesday, the focus now shifts to who will be the all-important strategic partner for L&T Cement Ltd (LTCL).

Wipro ADS opens at $44.5 on Wall Street

Even as the champagne flowed freely back home in India, the usually taciturn Wipro chairman Azim Premji was clearly in bubbly spirits as he rang the bell marking the listing of his company's stock on Wall Street.

Indian Hotels plans Rs 138 cr investments

Indian Hotels implementing a Rs 50-crore employee rationalisation drive that will trim down 1,100 employees, a Rs 50-crore IT initiative to put in place an integrated customer information, central reservation and front-office system, and a Rs 38-crore refurbishment plan.

Indian Rayon Q2 profit rises 61% to Rs 16.4 cr

Indian Rayon and Industries has posted a robust 61% growth in net profit to Rs 16.40 crore in the second quarter ended September 2000, as compared to Rs 10.21 crore in the corresponding period last year.