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Sunday, February 17, 2002

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49 pc cap for foreign investment in pvt banks
THE Reserve Bank of India has capped all categories of foreign investment in private banks at 49 per cent, ruling out majority holding (51 per cent). The ceiling of 20 per cent in public sector banks including State Bank of India (SBI) ... More

Decision opens door for ING
THE ING group of the Netherlands is expected to be the first beneficiary of the Government's decision to allow 49 per cent foreign equity in the banking sector. Banking sources said that this would now allow the ING group to bring in another 19 ... More

Forex kitty moves up by $201 m
THE country's forex reserves continued their upward trend, gaining by around $ 201 million to touch $ 49.766 billion for the week ended February 8, 2002 as compared to $ 49.565 billion previously. As per the Weekly Statistical Supplement (WSS) ... More

Bharti Tele listing with bell & all
THE shares of Bharti Tele-Ventures (BTVL), scheduled to be listed at the Bombay Stock Exchange (BSE) on Monday, is slated to be a trend-setter in more ways than one. According to Mr Sunil Mittal, Chairman and Group Manging Director, Bharti, ... More

Price bids for Jessop opened
THE price bids of the two bidders, Titagarh Industries Ltd and Ruia Coatex, for acquiring 72 per cent of the Government's stake in the state-owned Jessop & Company Ltd were pened by the Government today. The Ministry of Disinvestment will now ... More

TCS submits report on SPIC Petro
Tata Consultancy Services Ltd, which had been mandated by IDBI to look into the feasibility of reviving SPIC Petrochemicals (SPC), is said to have submitted its report a few days ago. The Chairman of Southern Petrochemical Industries ... More

Best `Bond girl' comes a calling
HER white bikini was auctioned for a staggering amount last year. She was voted the best `Bond Girl' by a recent survey for her role in the Bond movie `Dr. No'- her first film, shot in 1962. The all-time Bond beauty, Ms Ursula Andress, is here, ... More


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49 pc cap for foreign investment in pvt banks


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Schreiber to acquire 11 pc Britannia stake in Dynamix

IA hikes fares on most sectors

Motor risk premiums to go up from April

PPL to set norms for sick PSUs

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Paradeep sold for Rs 151.7 cr

SBI set to cut personal banking product rates

UTI market share dips below 50 pc in Jan

Govt relaxes control on bulk drugs


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