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Sunday, February 01, 2004

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OVERSEAS BORROWINGS
Easier ECB norms come into effect
THE Reserve Bank of India on Saturday notified that the external commercial borrowing (ECB) relaxations recently announced by the Union Government will come into effect from February 1. The ECB limit under the automatic route requiring no prior ... More

COURTS/LEGAL ISSUES
Dhanalakshmi Bank to take possession of part of Devaki Hospital
THE Chief Metropolitan Magistrate, Chennai, has passed an order under the Securitisation Act to allow The Dhanalakshmi Bank to gain possession of a part of Devaki Hospital on February 2. The order comes in the wake of a management struggle ... More

MERGERS & ACQUISITIONS
GMR Technologies EGM clears investments in ING Vysya Life
GMR Technologies & Industries Ltd has informed stock exchanges that its shareholders at the extraordinary general meeting have given approval, by postal ballot with requisite majority, for making investments in equity shares of ING Vysya Life .. More

IOC to buy Premier Oil stake in Assam block
INDIAN Oil Corporation (IOC) today approved a proposal to buy Premier Oil's 35 per cent stake in an oil and gas block in Assam. It also plans to bid for British Petroleum's retail business in Malaysia and Singapore. "The Board of IOC today ... More

TRENDS
Corporate India plans big on capex
CALL it the feel good factor or Corporate India's positive outlook on the future demand situation, 27 listed companies have announced capital expenditure plans aggregating to Rs 39,000 crore in January 2004. If one adds the capex plans of ... More


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