Sunday, December 6, 1998
FDI worth Rs 400 cr cleared
The Foreign Investment Promotion Board (FIPB) cleared 18 foreign direct investment (FDI) proposals worth over Rs 400 crore, including one by French multinational DuPont.
DoT serves notices on operators
The Department of Telecommunications (DoT) has served notices to several companies in the past week to cough up bank guarantees. This has virtually stirred a hornet's nest as private operators have approached the PMO to bail them out.
Moves afoot for National Commodity Exchange
National Commodity Exchange, if set up, would revolutionise the commodity futures market in the country and organise trading of all permitted commodities, said NN Mookerjee, secretary, department of consumer affairs.
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