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Tuesday, June 29, 1999

ICICI board okays Rs 2000 cr capital issue
The board of ICICI Ltd has approved a proposal for making an issue of equity capital to the tune of Rs 2000 crore.

Cabinet to discuss telecom issue today
Though the government has not yet been able to get the formal clearances for the telecom package from either the finance or the law ministries, it has decided that the matter will definitely be placed before the Union Cabinet today.

Tatas get nod to sell 3 JVs
The Foreign Investment Promotion Board has permitted the Tata group to divest its entire shareholding in three joint venture companies -- Tata-IBM, IBM Global Services and Utkal Alumina International.



  Country to post 6% growth -- Bakht
  Union Bank profit falls 36%, NPAs mount 25%
  Sun Earth acquires MCL for Rs 41 cr
  Sensex up by 47 points
  HDFC's `adjustable rate loans'
  Kashmir to hit Pak investment
  Iridium India slashes prices
  Scam -- Khandelwal denies statement
  Software cos sales cross Rs 15,890 cr
  VSNL, Raheja plan cable net in city
  ITC-MF to merge with Zurich MF
  No wage hike beyond 12.25% level -- IBA
  Decision on rice export ban soon
  Bizbits
  Biz File -- Chandigarh



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