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Thursday, July 17 1997
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Tarapore board likely to name former United Bank chief in compromise deal![[Details]](/icons/bullet.gif){kind=icon}
S S Tarapore is likely to implicate ex-chairman of United Bank of India and the banking ombudsman for Punjab, Haryana and Jammu & Kashmir R C Kapoor in a Rs 25.5-crore compromise deal struck in December, 1994.
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Ispat NV initial float set to raise $360 million
The forthcoming flotation of steel group Ispat International NV to the tune of $360 million, will be the largest initial public offering in the steel sector for at least 30 years.
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Voltas to sell thermostat unit to UK firm
Voltas has decided to sell its thermostat unit near Pune to UK-based multinational Siebe Plc. The move is aimed at pruning losses at the company, which plunged into the red for the first time in 1996-97.
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The Group
