The Hindu Business Line : Monday, May 19, 2003

To raise Rs 800 cr to retire debt — India Cements plans to sell Visaka, Raasi
THE CHENNAI-based India Cements Ltd, maker of Sankar, Coromandel and Raasi brands, has told its lenders that it would raise Rs 800 crore by selling its group companies Visaka Cement Industry Ltd and Raasi Cements within three years to pay off ... More

MERGERS & ACQUISITIONS

i-flex options open on acquisitions
THERE is a buzz in i-flex Solutions' offices these days. And it has nothing to do with the launch of a new product or acquiring a big client, but with the company's growing currency with the foreign media. So, it was not surprising that Mr ... More

INTERVIEW

`Our showing will depend on market demand, global prices' — Mr R. K. Kasliwal, Chief Financial Officer & Executive President, Hindalco
Hindalco can look forward to positive results from successful branding of its aluminium foil products and a substantially improved performance from the Alloy Wheel Plant. More

PERFORMANCE

Digital GlobalSoft net seen growing 20%
DIGITAL GlobalSoft Ltd., the local software arm of Hewlett-Packard (H-P), is expected to report a growth close to 40 per cent in its software sales and close to 17-20 per cent in net profit for the current financial year, analysts said. There ... More

Fortis set to break even by November — `Hub and spoke healthcare system paying-off'
"We are open to the franchisee model or entering into a joint-sector partnership with the Government and are flexible in terms of capital or equity restructuring. But we are not flexible in terms of management, quality or protocol." More

ECONOMIC OFFENCES

Xerox Modicorp: Foreign representatives to be probed
"We have given our nod to the investigators after factoring in a lot of issues, prime among them being that it should not affect the flow of foreign investment into the country." More

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