Sunday, January 24, 1999
FIPB clears $400m VSNL GDR issue
The Foreign Investment Promotion Board (FIPB) on Saturday cleared 43 proposals totalling Rs 2,525 crore including Videsh Sanchar Nigam Ltd's (VSNL) $400 million global depository receipt issue.
CII plans to set up task force to boost investment, trim bad-debt's burden
The Confederation of Indian Industry will constitute a task force soon to suggest ways and means to promote investment, address the problem of NPAs and rebuild investors' confidence in the capital market.
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