Hudco to securitise Raheja rentals for Rs
60-crore loan
Bangalore: In an unprecedented move, the Housing and Urban Development Corporation
has agreed to securitise rentals the Raheja group expects to be paid by Philips
International. The deal has been arranged for a Rs 60-crore loan Hudco is giving for the
Millennium Towers, a software technology park the Rahejas are building in Bangalore.
Hudco will disburse Rs 28 crore initially, and the balance as the project progresses. It
is believed that Philips International will move into a 1.75-lakh sq ft area of the
Millennium Tower by November 2000.
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container rates set to zoom from April 1
Mumbai: India Pakistan Bangladesh Ceylon Conference shipping lines will raise their
rates for export containers from 1 April 2000. The lines will charge $150 more for every
20-foot equivalent container unit, and $300 more for every 40-foot equivalent unit.
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ISO 9000
norms changing
Mumbai: The technical committee of the International Standards Organisation is in
the process of reviewing, revising and consolidating the ISO 9000 family of standards that
include the ISO 9001, ISO 9004 and ISO 9011. The first three of these are reported to have
reached the draft international standard (DIS) enquiry stage, while the ISO 9011 is at the
committee draft stage. The revised ISO standards are expected to be released in the fourth
quarter of 2000.
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