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Black pepper imports rise 42% in April-Oct
Higher prices in India since the last seven months led to a rise of 42 per cent in the imports of black pepper during the April-October period. The country imported 11,500 tonnes of pepper compared with 8,100 tonnes in the same period last year. Interestingly, the exports during the period were also 11,500 tonnes.

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Reading Raju's mind
On January 7, Ramalinga Raju confessed to his monumental fraud. He had, Raju said in a letter to the stock exchanges, cooked Satyam’s books for seven long years — revenue, profit, bank balance et al. Raju was soon arrested and put in the Chanchalguda prison. The Union government swung into action. A board was appointed to manage the affairs of the company. In a matter of months, Satyam was sold to Tech Mahindra.

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Onus of liability in case of nuclear mishaps
Ever since the Clinton visit, rumours have been flying fast and furious. Insiders claim that India has fast forwarded the Nuclear Civil Liability Bill, and the media has held forth at length on the probable facts and interpretations. Some angst is misplaced, for example the exclusion of the jurisdiction of civil courts.
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IDBI Bank yet to begin Rs 13,000 cr syndication for RPower

IDBI Bank, which has been mandated to raise Rs 13,000 crore syndicated loan for Reliance Power"s Krishnapatanam Ultra Mega Power Project (UMPP) has put the process on hold. - IDBI Bank revives plan to sell mortgage subsidiary - IDBI Bank-led consortium raises $1.1 bn for Air India - NHPC IPO"s grey premium hit by market uncertainty - Power: Long-term play - IDBI Bank announces repayment of 11.5% SLR bonds - IDBI Bank aims to enhance base in SME, retail sectors RPower has designated IDBI Bank as the lead arranger for the syndication. The bank is likely to take few more weeks to begin the syndication process, a source close to the development told PTI. The lender was supposed to approach other banks early this month to join the consortium but is yet to start the process owing to the prevailing market conditions, the source said. "The bank was supposed to approch other lenders early this month. However, the process (of raising the amount) has been held back for the time being. It may take a few more weeks to commence," the source said. Reliance Power was not available for comments. IDBI Bank has already committed its part of the Rs 13,000 crore loan and will be primarily looking at the Rupee part of the debt. Apart from IDBI Bank, Power Finance Corporation (PFC) is understood to have given inprinciple nod to join the bank consortium, the source said. IDBI Bank could be approaching leading banks such as State Bank of India and ICICI Bank to rope into the consortium and expects to complete the deal in a period of six to seven months. "It is a large syndication. Participation from more banks is needed to fund such a large loan," the source said. However, IDBI bank is understood to have no plans to approach any of the foreign lenders for the pooling. The Krishnapatanam project will have 4,000MW power generating capacity. This is one of the three UMPPs with 4000MW capacity to be set up by Reliance Power. The other two are Sasan and Thilaiya.


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