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

Dalmias woo FIIs with contingent deal offer

Imparting a fresh twist to the ongoing takeover battle, the AH Dalmia group, which has launched a hostile bid for Gesco Corporation, is now lining up another aggressive gameplan to acquire control of the company.

GESCO alleges breach of takeover code

It's wartime. After the hostile bid from the AH Dalmia group, GESCO Corporation Ltd has alleged that the Delhi-based Renaissance Estates had breached the Securities and Exchange Board of India takeover

Cabinet clears Bill for NBFCs; obsolete Acts to be repealed

Union Cabinet which met here on Monday has taken several crucial decisions, including approving a new legislation for non-banking finance companies, a dedicated fund for national highways, repeal of 21 obsolete laws, and the winding-up of the ailing Petrofils Cooperative Ltd.

FIs hire global consultants to probe defaulting companies

Top financial institutions such as Industrial Development Bank of India, ICICI, Unit Trust of India and IFCI have stepped up the gas on defaulting companies.

RPL posts maiden H1 net at Rs 726 cr

Reliance Petroleum Ltd has registered an impressive net profit of Rs 726 crore for their maiden half-yearly results ending Sept 30, 2000. The company achieved sales of Rs 14,308 crore during the period.