Tuesday, November 3, 1998
BoB to "go easy" on deserving firms' sticky loans
Bank of Baroda (BoB) will initiate discussions with those corporates which have not repaid their loans in order to avoid classifying them as non-performing assets (NPAs), the bank's chairman and managing director K Kannan has said.
Mahindras may bid again for HMT Pinjore tractor division
Mahindra & Mahindra is likely to make a bid for HMT's tractor division at Pinjore, which has invited offers from private players. Escorts and the Larsen & Toubro-John Deere combine were shortlisted in the first round of bidding, but later withdrew from the race.
Centre bays for Chhabria blood at Dunlop
The government has petitioned the Company Law Board to remove Manu R Chhabria from the post of Dunlop India chairman on the grounds that financial mismanagement on his part had led to the company's bankruptcy during his tenure.
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