Govt yields on drawback rates -- `Further corrections after discussions'
THE Government today acceded to the demands of exporters for more sops and enhanced duty drawback rates as well as value caps on readymade and other garments, besides leather articles including shoes and handicrafts.

Modis revise open offer price to Rs 90
THE battle of attrition between the financial institutions and the Modi brothers in the Modi Rubber Ltd (MRL) case continued today with the Modis raising the offer price of Modi Rubber Ltd (MRL) from Rs 81.50 per share to Rs 90, on the last day for makin g a revised offer.

Hind Lever plans to plough growth path
HINDUSTAN Lever Ltd (HLL) today put forward an action plan for a `food revolution' with a three-pronged strategy to accelerate agricultural growth thereby regenerating demand across the economy.

Gesco to acquire two Mahindra Realty wings
GESCO Corporation and Mahindra Realty & Infrastructure Developers Ltd (MRIDL) have decided to demerge the realty and infrastructure divisions of MRIDL and merge into Gesco.

Sobhagya to handle VSNL divestment
THE Department of Disinvestment (DoD) has appointed a specialist financial advertising and public relations agency, Sobhagya to develop a communication strategy and handle the disinvestment of Videsh Sanchar Nigam Ltd (VSNL).

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