Monday, November 2, 1998
Unit Trust cites a sleepy debt market, shelves plan to trim US-64 exposure
The Unit Trust of India has abandoned its earlier plan to prune the equity portfolio of its flagship US-64 scheme. The current thinking is that an equity exposure of up to 66% is all right considering that returns on equity in the long run are better.
M&M eggs state to roll out red carpet for IDAM project, seeks incentives
Mahindra & Mahindra (M&M) has appealed to the Maharashtra government to club capital investments in other locations (within the state) for manufacturing components, parts, sub-assemblies in the Rs 800-crore IDAM project to calculate the total investments in fixed assets.
L&T revives Orissa alumina project talks; may cede majority stake to French co
Larsen & Toubro, the engineering, construction and cement giant, has decided to revive the one-million-tonne alumina project which it was forced to defer when partner Alcoa of USA chose to walk out from the venture in 1995.
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