Sunday, November 8, 1998
Infosys Technologies plans to set up Rs 50cr software campus in Chennai
Software major Infosys Technologies Ltd (ITL) will invest over Rs 50 crore in setting up a world-class software campus at the old Mahapulipuram Road area in Chennai as a strategy to prepare the company for future expansion needs.
FIPB clears Rs 400cr direct investment; Enron gets nod
The Foreign Investment Promotion Board (FIPB) on Saturday approved 25 proposals totalling nearly Rs 400 crore, including that of Essar Shipping and Enron.
Hughes Ispat obtains guarantee for $450-mn foreign currency loan
Hughes Ispat has bagged a guarantee from Multilateral Investment Guarantee Agency (MIGA) for its $450-million foreign currency loan plan to fund the basic services project in Maharashtra and Karnataka.
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