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Bajaj Hindusthan cuts debt by Rs 710 cr
Sugar major Bajaj Hindusthan today said it has fully utilised Rs 710 crore raised by private placement of shares for repayment of its debt in accordance with the terms of the issue.

Ashok Leyland-Nissan LCV plant's construction deferred
Hinduja Group firm Ashok Leyland today said that construction of its proposed facility to make light commercial vehicles (LCVs) in partnership with Japan"s Nissan has been deferred due to sluggish market conditions.

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IIFCL moots dynamic structuring
In takeout financing IIFCL will enter into a pact with banks to take over some of their infrastructure loans on its books.
Small Business

Scrap M'rashtra decision on taxis, Lalu tells PM

RJD supremo Lalu Prasad has called up prime minister Manmohan Singh seeking his immediate intervention to get Maharashtra government"s decision on giving licence to those who are domicile of that state for the last 15 years rescinded. "I spoke to prime minister over telephone late last evening and requested him to get the Maharashtra cabinet decision rescinded as it is not good for the country"s unity and integrity", Prasad told PTI today. Jan cement sales in high double-digit He said, prime minister assured him of doing the needful in this connection. The Maharashtra government"s decision is an attack on the federal structure of the constitution and would have far reaching repercussions on other states, Prasad told Singh. The constitution provides for every citizen of the country the right to move and settle in any part of the country in search of job, he added.


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