Honda small car

Chennai, Dec. 6: Honda Siel Cars India (HSCI) plans to come out with a small car in the country, besides setting up a second plant to augment its production capacity. Jnaneswar Sen, senior general manager— marketing, said the company was studying the market and would come up with a new model.

NBFC groups

Mumbai, Dec. 6: The Reserve Bank today re-classified non banking finance companies (NBFCs) into three broad categories instead of the existing four groups. The new groups are asset finance company, investment company and loan company.

FII restriction

New Delhi, Dec. 6: Foreign institutional investors are likely to be debarred from taking part in IPOs of stock exchanges, while FDI may be permitted in pre-IPO stages.

Heidelberg

Mumbai, Dec. 6: Heidelberg Cement will approach the securities appellate tribunal against a Sebi directive to the company for raising the price of its open offer to the shareholders of Mysore Cements by 25 per cent.

Arcelor Mittal

London, Dec. 6: Arcelor Mittal will sell its German steel plant to a Spanish company for Euro 591 million as part of commitments to address anti-trust concerns of European regulators.