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SAIL top-level shuffling in second phase; vice-chairman's post unlikely![[Details]](/icons/bullet.gif){kind=icon} Top-level shuffling at the Steel Authority of India (SAIL) has entered a new phase with vesting additional responsibilities on V K Gujral, managing director of the Bhilai Steel Plant. The board of directors have decided that apart from Bhilai, Gujral will look after the functions of the Alloy Steel Plant at Durgapur, Special Steel Plant at Salem, Visvesvaraya Iron & Steel Ltd and Maharastra Electrosmelt with the chiefs of those units reporting to him.
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IIBI to float 10-year SLR bonds in January The Industrial Investment Bank of India (IIBI) will be floating SLR bonds in January 1998 as part of its funds-mobilisation programme. The 10-year bonds would carry an interest rate of 12.3%. The total amount to be raised is Rs 105 crore.
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Core Healthcare may set up 100% overseas arms to market products The city-based Core Healthcare, as part of its strategy to turnaround the company, plans to set up wholly-owned subsidiaries abroad for marketing its products. The company proposes opening six 100% subsidiary marketing companies abroad in the current fiscal, beginning with Trinidad & Tobago and then Ukraine, each with a paid up capital of $100,000.
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Nestle SA asked to make open offer for purchase of 3.62% Khaitan stake
SAIL top-level shuffling in second phase; vice-chairman's post unlikely Praxair to acquire Asiatic Oxygen, Deep Oxygen IIBI to float 10-year SLR bonds in January SBI associates free to fix lending rates Indal puts on thinking cap; holds brain storming session to fight recession ITC plans EGM on Jan 9 to okay Classic bailout Corporate Briefing -- Jet Airways embarks on expansion drive Core Healthcare may set up 100% overseas arms to market products Chemexcil exhibition in city from Dec 16 Lockout at Apollo Tyres lifted Bajaj Hindustan turns around despite stagnant sales SEBI asks GE Caps to give details on Paam Pharma shares acquisition
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The Group
