Wednesday, March 24, 1999
IDBI sets stiff terms for fresh steel loans
The Industrial Development Bank of India (IDBI) board on Tuesday endorsed the stiff conditions imposed by the three-member sub-committee to look into the demand of 14 steel projects for additional financial assistance.
Parekh Panel for US-64 to be net asset value driven
After much dilly-dallying, the Unit Trust of India has finally released the Deepak Parekh Committee report. The panel has recommended a number of short-term and long-term measures to restructure the flagship scheme US-64.
Alstom, ABB plan to merge energy units
Engineering giants Alstom and Asea Brown Boveri (ABB) said they would merge their energy operations to form one of world's biggest power and generator producers.
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