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Delayed interest hurts sugar firms
Sugar mills are in a fix since the Union government has not disbursed the entire interest amount due to the banks under the Rs 4,000-crore interest-free loans granted in December 2007. Of the estimated Rs 1,000 crore interest liability (for the last two years), the government has only disbursed Rs 300 crore to banks a couple of weeks ago.

IIFCL takeout financing scheme in a month
India Infrastructure Finance Co was likely to finalise the takeout financing scheme within a month and might implement it by the first week of March, Chairman and Managing Director SS Kohli said today.

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Abu Dhabi fund wants citi deal scrapped or $4 bn
The Abu Dhabi Investment Authority is trying to abort an agreement to buy $7.5 billion of Citigroup Inc stock at eight times Wednesday’s price, saying the bank misled it about the investment.
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Big Cinemas crosses global milestone of 500 screens

Big Cinemas, a division of Reliance MediaWorks and a member of the Reliance ADA Group, said it has crossed the global milestone of 500 screens with the opening of its newest multiplex in Malaysia. - BIG Cinemas to add 100 more screens - Big Cinemas strengthens presence in Saurashtra - BCCI opens bidding for 10-yr IPL theatre rights - Michael Jackson film is a sellout - Gujarat firm setting up windfarm at Tiruneveli - Adlabs reorganises BIG Cinemas operations In a little over three years, Big Cinemas has established 240 screens across 75 cities in the country and besides, has more than half of its screens in 40 cities outside India covering the US, Malaysia and the Netherlands, a release said here today. Following the Anil Ambani-led R-ADAG acquiring controlling stake in Reliance MediaWorks in 2005, Big Cinemas has witnessed a compounded annual growth rate of 100 per cent in the scale of its operations, the release said. Reliance MediaWorks Chief Executive Anil Arjun said "hitting the historic milestone of 500 Big Cinemas screens worldwide is hugely significant. This expansion underscores our attempts to build scale, quality, innovation and pioneering formats which improve the movie-going experience for audiences the world-over." While domestic expansion would be a thrust area for the company, it would also continue to expand its global footprint, Arjun said. The company is now proposing to scale-up Big Cinemas" network with plans to add a further 100 screens over the next year, the release said.


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