The Telegraph
Since 1st March, 1999
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Business Briefs

FIIs raise BoI stake

Mumbai, Oct. 12: Foreign institutional investors (FIIs) have raised their holding in Bank of India (BoI) by around four times from 0.50 per cent on June 30 to 2.19 per cent on September 30, according to data filed with the BSE. Total foreign holding in the bank went up to 6.30 per cent on September 30 from 4.69 per cent on June 30.

Tata Motors

Pune, Oct. 12: Republic of Senegal may source small cars from Tata Motors Ltd. “We are looking for a sturdy car with some technical specifications,” said Abdoulaye Wade, President of Senegal.

Skoda launch

Bangalore, Oct. 12: Skoda Auto India has unveiled luxury car Skoda Superb, eyeing a share in the top-end segment. Positioned between upper D and E segments, the car will be imported in a completely built unit format.

NRI loans

Mumbai, Oct. 12: The Reserve Bank has granted general permission to domestic firms to grant rupee loans to its staff, who are non-resident Indians (NRI) or persons of Indian origin, subject to certain conditions, making it easier for them to take housing loans.

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