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Financing
in limbo as Dabhol crisis winds on
UNCERTAINTY looms large over the disbursement of $201 million by foreign
lenders and Rs 371 crore by Indian Financial Institutions (IFIs) for the
completion of Dabhol phase-II, in view of the aggressive postures taken
by the DPC and MSEB over the issue of preliminary termination notices.
MSEB to pay Rs 20,000-crore
compensation if Enron wins
THE Maharashtra State Electricity Board (MSEB) will have to shell out
a whopping Rs 20,000 crore towards revenue compensation allowance to Enron
if the latter wins its case at the arbitration proceedings in London.
Petronet LNG plans to raise
Rs 1,700 cr for Dahej project
PETRONET LNG Ltd (PLL) is planning to raise long-term rupee and foreign
currency loans to the tune of Rs 1,700 crore on a limited recourse project
finance basis for its Rs 2300-crore Dahej LNG terminal in Gujarat.
Pre-launch campaign for Honda
Accord
Honda Siel Cars India has kicked off a pre-launch promotion campaign for
its luxury offering in the D-segment — Honda Accord.
PSBs to remain in ‘public
sector’ under Banking Cos Act
PUBLIC sector banks (PSBs) will remain “public sector” in character as
long as they continue to be governed by the Banking Companies (Nationalisation)
Act, even if the government divested its entire equity in them. They will
also remain subject to Central Vigilance Commission (CVC) scrutiny.
Business confidence index
up
THE business confidence index (BCI) increased from 98.8 in January 2001
to 99.3 in April 2001, but the improvement is not strong enough to suggest
that the slowdown has been completely reversed.
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