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Sunday, December 19, 1999
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IDBI okays Rs 700 cr securitisation package for Videocon Petroleum

The Industrial Development Bank of India (IDBI) on Saturday approved a Rs 700-crore securitisation package for Videocon Petroleum for its Ravva oil fields in Andhra Pradesh, which the company operates in partnership with Cairn Energy of the UK and Marubeni of Japan.

NTPC to settle for 10% in Petronet

Power minister PR Kumaramangalam on Saturday said the three oil majors, Gas Authority of India Ltd (Gail) and National Thermal Power Corporation (NTPC) will become equal partners in Petronet LNG with 10% stake each.

Essar, Hutchison conclude Sterling Cellular agreement

Essar and Hutchison Whampoa on Saturday said Hutchison Telecommunications International Ltd (HTIL) has agreed to pick up 49% equity stake in Sterling Celullar.

M&M picks 51% in Gujarat Tractors

Tractor and utility vehicle maker Mahindra & Mahindra formally signed an agreement with the Gujarat government to acquire a controlling 51% stake in Gujarat Tractors.

PM unveils plan of a knowledge superpower

Prime Minister Atal Bihari Vajpayee said the country will have to leverage the existing competencies in information technology (IT), telecommunications, bio-technology, drug design, financial services

Viruses to spoil your Y2K party

Beware, it may be the crash of the millennium, spoiling all your Christmas and New Year party plans. Some potent computer viruses are being activated on December 25, December 31 and January 1.

Executive Briefings

bullet.jpg (687 bytes) Maruti targets sales of 20,000 Balenos annually

bullet.jpg (687 bytes) Adding meaning to beauty

bullet.jpg (687 bytes) A theatre program


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