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MIP '97 redemption -- SEBI to ask UTI to meet shortfall from reserves
The capital market regulator has also given UTI the alternative option of raising funds from banks and financial institutions against their holdings in some of the existing schemes.
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Multilateral bodies lukewarm to ARC -- IFC also likely to stay away
HOPES of multilateral participation in the country's pilot Asset Reconstruction Company (ARC) are fading with the International Finance Corporation (IFC) too indicating to the Government that it might stay away from equity infusion in the ...
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New motor insurance tariffs by mid-May
THE Insurance Regulatory and Development Authority of India (IRDA) is likely to announce the rationalised tariff structure for motor vehicles insurance by the middle of May, the IRDA Chairman, Mr N. Rangachary, told Business Line. The ...
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Realpolitik at play: IOC most welcome at HFC
THE Government may be averse to the idea of public sector undertakings (PSU) such as Indian Oil Corporation (IOC) acquiring other profitable PSUs like HPCL or BPCL, even if it were through a competitive bidding process in the market place. ...
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Tangy war on pulp is no fiction
THIS summer, the ad battle is not going to be confined to the colas. Parle Agro, the beverages company, has decided to move the court against rival Godrej Industries challenging one of its ads comparing `Frooti' and `Xs'. Godrej has come out ...
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