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Drumbeat: Ad Buzzaar

Friday, August 21, 1998

CRR hiked to 11%; repo rate up by 300 basis points to 8%
The Reserve Bank of India on Thursday unveiled a multi-pronged strategy to stem the continued fall of the rupee over the past

Reserve Bank to buy $250m RIB tranche today
The Reserve Bank of India will strike the first off-market deal with the State Bank of India on Friday to buy $250 million, the first

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

CORPORATE
State may give final nod to BSES's Palghar project soon
LIC open to tying up with foreign ally, says Kohli

ECONOMY
No sex please, Sushma tells VSNL
CRR hike may siphon out Rs 5,000 cr

EXPRESSIONS
Not just law at stake
Checking the slide

MARKETS
RBI mops up Rs 1,191 cr via on-tap sale, wraps up sale
SEBI adjourns hearing in Sri Vishnu case

LEISURE
British insurers wooed by web promise
Patent business on the Net