|
![[FRONT PAGE]](/icons/fe-frontpage-strip-a.gif){kind=icon} ![[ECONOMY]](/icons/fe-economy-strip.gif){kind=icon} ![[CORPORATE]](/icons/fe-corporate-strip.gif){kind=icon} ![[MARKETS]](/icons/fe-markets-strip.gif){kind=icon} ![[EXPRESSIONS]](/icons/fe-expressions-strip.gif){kind=icon} ![[LEISURE]](/icons/fe-leisure-strip.gif){kind=icon} ![[BRANDWAGON]](/icons/fe-brandwagon-strip.gif){kind=icon} ![[HABITAT]](/icons/fe-habitat-strip.gif){kind=icon} |
Wednesday, July 30 1997
|
|
|
![[Details]](/icons/bullet.gif){kind=icon}
|
|
|
FIPB sits on Cummins plea to hike stake in venture
The Foreign Investment Promotion Board (FIPB) is yet to clear US-based Cummins' application for increasing its stake to a majority 51% in Kirloskar Cummins, a 50:26 venture with the Kirloskars.
|
Bank of India set to slash prime lending rate
Bank of India (BoI) is planning to slash both the prime lending rate (PLR) and deposit rates across all maturities. BoI's move is interpreted as a reaction to the Industrial Credit & Investment Corporation of India's (ICICI) introduction of short-term prime rate (STPR) for one-year loans at 12.3%.
|
|
|
||
The Group
