Intel IT Update
Monday, April 24, 2000
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IT Update

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Ministry seeks 74% FDI cap in telecom

The industry ministry has decided to recommend raising of foreign direct investment limit in the telecom services sector from 49% to at least 74%.

IDBI sets stiff terms for loan to Ispat

IDBI has sought powers to effect a change in the management of Ispat Industries before giving its nod to the company's proposal for relaxing the time frame set by the financial institutions for retrieval of Rs 417.74 crore invested in non-steel projects.

RIL, IOC offer new plan for Central India pipeline

Reliance Petroleum (RPL) and Indian Oil have presented a proposal to the ministry of petroleum and natural gas which involves formation of a new joint venture company to execute the Rs 4,400-crore Central India pipeline (CIPL).

Low rates may remain a wishful thinking

Reserve Bank of India governor Bimal Jalan believes in real-time policy. Ever since he has taken over as the governor, Jalan has changed the character of the credit policy by focussing more on structural issues.



Executive Briefings

bullet.jpg (687 bytes) Ministry expects state-run banks' NPA levels to dip on back of higher recovery

bullet.jpg (687 bytes) Software firms star in early company results

bullet.jpg (687 bytes) Dr Reddy's Lab in talks with global firms to license painkiller molecule

bullet.jpg (687 bytes) Alembic's Rs 30cr plant goes on stream


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