Ministry stalls Shell-Aramco venture plan
The Union ministry of petroleum and natural gas is believed to have put on hold the proposed mega downstream venture of Shell and Saudi Aramco. The two companies had outlined a plan which involved them holding 25% each in a marketing venture with the rest going to one of the big three oil majors.

1:1 swap set for 20th Century Finance, Centurion merger
The boards of 20th Century Finance Corporation Ltd (TCFC) and Centurion Bank Ltd (CBL) have approved the scheme of amalgamation for the merger of the former's operating business with the bank.

Air India defers Rs 100-crore issue till January
Air India has decided to defer its Rs 100-crore bond issue by two months to January 1999. The move is likely to complicate the financial woes the carrier is already facing.

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