Wednesday, November 25, 1998
Key Tata group companies clear subscription to brand equity plan
The boards of several Tata group majors have cleared proposals of subscribing to the much-delayed Tata Brand Equity Scheme, which is scheduled for launch in early 1999.
State Bank to float life-insurance arm
The State Bank of India will float a life insurance subsidiary even as the SBI group with its 14,000-strong branch network is planning to sell general insurance products of other companies.
General Motors unable to bring in $50mn for Opel project
US auto major General Motors (GM) has expressed its inability to bring in foreign equity of $50 million for its Opel car project, a condition stipulated by government for foreign car companies to operate in India.
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