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Tuesday, August 17, 1999

Cong, BJP see eye to eye on economy
There's good news for thousands of investors who're looking to the elections with trepidation, wondering how the economic reforms will be affected by the forthcoming change in government.

BJP more reform-oriented that Cong -- Bajaj
Confederation of Indian Industry (CII) president Rahul Bajaj yesterday said the Bharatiya Janata Party-led National Democratic Alliance's (NDA) election manifesto is relatively more reform and industry-oriented than that of the Congress.

Indian Rayon plans buy back
Indian Rayon, belonging to the Aditya Birla group, has decided to buy back shares and close down its sea-water magnesia plant in a bid to enhance shareholder value.


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Corporate Results


  Sensex spurts by 70 points
  India 6th favourite on FDI -- study
  India among most corrupt -- Vittal
  Car sales increase 38 pc in Q1
  SBI launches 12-hour banking
  Rice exports slide by 50 pc
  FIPB nod for Honda's scooter subsidiary
  25 more cos in BSE `Z' list
  Demat at transfer stage proposed
  Bhaskarudu leaves Maruti, Khattar steps in
  Govt sets up FIIA to facilitate FDI
  Telecom cos pay 35% licence dues
  Bizbits
  Kirloskars defend sale of stake in KIFL
  Brandspeak
  Rechargeable batteries by Eveready
  United Western Bank employees to strike
  UCO Bank profits up



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