Thursday, December 17, 1998
Five firms' divestment plans cleared
The union cabinet has cleared disinvestment in five entities -- Engineers India (EIL), Indian Petrochemicals (IPCL), Hindustan Teleprinters (HTL), Ranchi Ashok Bihar Hotel Corporation and Utkal Ashok Hotel Corporation.
RBI set to tighten bank disclosure norms
The Reserve Bank of India (RBI) is tightening disclosure norms on the lines of the Narasimham committee recommendations. Banks are being forced to disclose the maturity pattern of loans and advances, investment securities, deposits and borrowings.
Panel may moot Madras, Cochin refineries tieup with Bharat Petroleum
The Nitish Sengupta committee on restructuring the downstream oil sector is likely to suggest an alliance of both Madras Refineries and Cochin Refineries with Bharat Petroleum Corporation. This, according to top industry sources, would ensure that there is a "sense of equality" in the oil sector as regards market share.
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