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Tuesday, December 15, 1998

Binani group may buy out DLF Cement
Even as DLF Cement goes into another upward share price spiral spurred by takeover rumours, the Mumbai-based Binani Cement is believed to be the latest suitor in negotiations to buy out the 1.4 million tonnes per annum cement company.

Parekh panel set to finalise report, may not insist on NAV declaration
The Deepak Parikh committee -- set up to look into Unit Trust of India's US-64 scheme's restructuring -- will meet today at the trust's headquarters in Mumbai to finalise its recommendations.

UTI to provide $250 million from Millennium corpus
The Unit Trust of India (UTI) will make available $250 million soon for expressway projects from the $500 million Millenium Fund for infrastructure projects.

Experts caution government on loopholes in Patents Bill
The Patents (Amendment) Bill, 1998, may indirectly encourage applicants to make undeserving exclusive marketing rights (EMR) claims, backed by product patents granted in "easy-patent" markets.

CORPORATE
NIIT board clears plan to hike FII holding to 30%
L&T, Gammon, Afcons planning to put in their combined might

ECONOMY
Economic Advisory Council moots service tax in place of telecom licence fee
PM announces dedicated fund for expressways

EXPRESSIONS
ACC preferential plan stirs a hornet's nest
Tea firms pin hopes on exports

MARKETS
Whirlpool plans 1:1 rights float in March
Euro, not champagne for London's New Year

LEISURE
Register "agreement to sell" and keep proof of compliance
Minimum insurance amount to be secured by LIC agents