THE HINDU BUSINESS LINE
Financial Daily
from THE HINDU group of publications

Thursday, November 23, 2000

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Page One

Govt changes tack on power guarantee
THE Finance Ministry is set to reverse its stand on the terms to safeguard its exposure of over Rs 30,000 crore in the mega power projects - 3960 MW Reliance-SEAP promoted Hirma project and the 1800 MW Grasim-promoted Ennore-based 1800 MW LNG project.

Centurion Bank quits tie-up with Canada Life
THE initial churning in the insurance industry continues with yet another proposed tie-up falling by the wayside. The Centurion Bank, which was working out a three-way tie-up with Canada Life Assurance Co and the Ardee Group, has pulled out of the propos ed venture.

Snowcem forays into gold manufacturing -- All stock deal with Geekay Exim
SNOWCEM India Ltd has decided to make a foray into gold manufacturing.

Exide Ind plans acquisitions
CALCUTTA: Exide Industries Ltd proposes to acquire shareholding in two overseas lead acid storage battery companies. The two companies are ``currently operating out of Singapore and Sri Lanka'', Exide informed stock exchanges on Wednesday.


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