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Saturday, July 18, 1998

Centre bid to re-negotiate key issues led to Tatas' pull-out from project
An attempt by the centre to re-negotiate crucial aspects of the Tata-Raytheon airport plan led to the dramatic pull-out of the Tatas from the project. These aspects include the status of the existing HAL airport and the tariffs that the new airport will be permitted to charge.

Maharashtra lifts bar on inter-state liquor movement
The state government on Friday lifted the ban on inter-state transfer and overseas alcohol exports. It has allowed distilleries to export one crore litres of alcohol this year.

Centurion Prudence puts up improved performance post-revamp
Centurion Prudence seeks stable and periodic returns through a balanced exposure in debt and equities. The fund normally has a 50% allocation to debt and 45% to equities.

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Cabinet rejects proposal on 26% foreign stake in private insurance firms
The cabinet on Wednesday has shot down a proposal by the finance ministry to allow a 26% foreign stake in private Indian insurance companies.

 


CORPORATE
Jindal Strips reworks debt structure in bid to lower its cost of funds
VSNL dilly-dallies, puts off bid deadline for regional hub to August

ECONOMY
Contest for deputy Speaker post a certainty
TN sugar mills caught in political slugfest

EXPRESSIONS
The bull run is just a mirage, don't chase it
Profit-booking likely next week; traders should avoid short-selling

MARKETS
Vam Organics may sell stake in Insilco to foreign collaborator
ITC Top 200 on track with a focussed investment strategy

LEISURE
Why LML does not need Piaggio...
The time is ripe for fixed-income investments


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