Reddy meets FM

New Delhi, Oct. 20: Reserve Bank governor Y.V. Reddy had a detailed meeting with finance minister P. Chidambaram ahead of the monetary and credit policy on October 25 in which the central bank is likely to revise the growth projections upwards to 7-7.5 per cent. The meeting is part of the efforts to fine-tune the busy season monetary policy, which is expected to keep the interest rates stable despite the inflation rate surging beyond 4 per cent in recent weeks.

Lever merger

Mumbai, Oct. 20: Hindustan Lever shareholders have approved the scheme to merge Vashisti Detergents Ltd with the company.

Agri panel

New Delhi, Oct. 20: Prime Minister Manmohan Singh has constituted a high-level agriculture co-ordination committee under his chairmanship to focus on policy related matters and development in the sector.

BMW plant

Chennai, Oct. 20: A delegation from BMW today visited Mahindra Industrial Park in Maraimalai Nagar, where the German company is putting up a premium car assembly plant at an investment of about Rs 180 crore.

Parryware

Chennai, Oct. 20: EID Parry India Ltd is transferring its Rs 200-crore sanitaryware business division, Parryware, into a wholly-owned subsidiary to facilitate strategic investments by an international bathroom products company.