Cabinet panel nod for centre move to sell ICI stake
The Cabinet Committee on Economic Affairs (CCEA) approved on Thursday the proposal for implementing inter-regional HVDC transmission project between the eastern and northern regions by the Powergrid Corporation of India Ltd.The estimated cost of the project at third quarter 1997 price level is Rs 671.56 crore.

Escorts to hike stake in finance arm to 65%
The Escorts group plans to increase its stake in Escorts Finance to over 65 per cent from 48 per cent. The proposed hike will be

LIC open to tying up with foreign ally, says Kohli
The state-run Life Insurance Corporation does not rule out either tying up with a foreign partner for the domestic market or expanding its network outside the country. Managing director GP Kohli said decisions on both issues would centre on the business opportunities that come up which the corporation would seek to exploit.

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