Wednesday, March 17, 1999
Cabinet caps foreign stake in insurance at 26%
The Union cabinet has decided to to limit foreign participation at 26% from the level of 40% mentioned in the Insurance Regulatory Authority Bill.
Tata Chemicals wins Rs 350cr tax appeal
The income-tax tribunal has allowed Tata Chemicals to claim full deduction of Rs 86.42 crore, paid as interest for assessment year 1992-93. The total claims with the tax department is of Rs 350 crore.
FIs, banks may convert part of steel loans into bonds
Financial institutions and banks are chalking out a strategy to recast their exposure in the "politically sensitive" steel sector.
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