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Wednesday, November 25, 1998

Polychem promoters may stay put with International Distillers stake
The Kilachands of Polychem, who own 35 per cent in International Distillers India (IDI), the joint venture with international liquor giant United Distillers & Vintners (UDV), may scrap its plan to sell the entire stake to UDV.

Cabinet approves proposal to delink Sidbi from IDBI
The union cabinet has approved a proposal to delink the Small Industries Development Bank of India (Sidbi) from the Industrial Development Bank of India (IDBI).

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.

Arthur Andersen, ICICI vie for recast mandate from IBP
Arthur Andersen, McKinsey, KPMG, SBI Caps, and the Industrial Credit & Investment Corporation of India are in the race to get a recast mandate from IBP, the stand-alone oil-marketing company.

CORPORATE
Modi Telstra unveils MobileNet cash card
Voltas likely to shut down Premium Granites

ECONOMY
Maharashtra to get Rs 800 cr World Bank loan for health project
Ministry, DoT insist on securitisation formula for cellular operators' dues

EXPRESSIONS
Right signals
Resisting change

MARKETS
Dow spurs Asia shares, Nikkei tops 15,000
Electronic clearing may soon be mandatory for listed firms

LEISURE
DreamWorks Studio finally finds a home
Fiera Milano to set up school for exhibitions