Monday, September 20, 1999
CLB may get powers to administer mergers & acquisitions, liquidation
The Department of Company Affairs (DCA) has proposed vesting the Company Law Board (CLB) with powers to hasten liquidation of insolvent companies and administer mergers and acquisitions of corporates.
Firms take to FCDs as institutions tighten lending norms for greenfield projects
Fully convertible debentures (FCDs) are fast turning out to be the most preferred capital market instrument for Indian corporates venturing into greenfield projects.
Indian Oil, BPCL set to ink product swap agreement
Indian Oil Corporation (IOC) and Bharat Petroleum Corporation (BPCL) are close to finalising a unique product swap arrangement which will help them consolidate their market shares in the northern and southern regions of the country.
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