The Telegraph
Since 1st March, 1999
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Business Briefs

FIs to take charge of Dabhol

Mumbai, Aug. 28: Union power minister Anant Geete today said that the consortium of financial institutions (FIs) led by IDBI will soon take charge of the “assets” of the controversial Dabhol power project and has asked Maharashtra to agree for hiking the tariff to buy power from the first phase of the idle project. He said NTPC has all the necessary technical expertise to operate the plant and has not expressed any reservations on taking this responsibility.

Birla Jute

Calcutta, Aug. 28: Birla Jute Mills of Birla Corporation Limited will reopen on Thursday following the signing of a tri-partite agreement today, a company release said.

RBI revamp

New Delhi, Aug. 28: The government today said there was no proposal to revamp the Reserve Bank of India (RBI) nor did it contemplate any amendment to the RBI Act.

CSE stand

Calcutta, Aug. 28: The executive director of Calcutta Stock Exchange (CSE), P.K. Sarkar, said in response to the report, “Brokers block CSE accounts” published in Tuesday’s Business Telegraph, that the annual accounts could not be finalised in Monday’s board meeting for want of clarification from the auditors. He also said since the accounts had not been finalised yet, the question of loss or profit did not arise.

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