The Telegraph
Since 1st March, 1999
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Business Briefs

Dabhol board revamped

Mumbai, Sept 13: The board of Dabhol Power Company (DPC) has been reconstituted with appointment of four directors including a representative of the Industrial Development Bank of India (IDBI) as per the directive of the company law board.

HMT divestment

Bangalore, Sept 13: The government today deferred strategic disinvestment of HMT, saying that the timing was not right as its units were not doing well, and indicated that the public sector major would offload stakes to the public.

M&M stake

New Delhi, Sept 13: The Foreign Investment Promotion Board today cleared International Finance Corporation’s (IFC) proposal to acquire 34.54 per cent stake in a subsidiary of Mahindra & Mahindra for a total consideration of Rs 13 crore.

JPC report

New Delhi, Sept 13: The Joint Parliamentary Committee probing the stock scam and the temporary freeze on UTI’s flagship scheme US-64 may seek a written deposition from finance minister Jaswant Singh before presenting its final report during the monsoon session of Parliament.


New Delhi, Sept. 13: The ICICI Bank said today that housing loans sanctioned at property exhibitions ‘Home Utsav’ will carry a reduced rate of interest of 9.75 per cent for a 6-10 years term and 10.25 per cent for loans between 11-20 years.

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