GIC ready to sell ITC stake to BAT
GIC is ready to part with its 10.95% stake in tobacco major ITC in favour of the parent company BAT Industries of UK, notwithstanding the dilly-dallying attitude of the government on the controversial issue.

CII favours abolition of zero import duty
The Confederation of Indian Industry has urged the government to continue with the holistic approach of the budget proposals of 1999-2000 and abolish the zero import duty completely.

CLB restrains HL asset sale
The Company Law Board has restrained Vijay Mallya-controlled Herbertsons Limited from sale of any assets while refusing to give an interim injunction against Mallya.

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