Saturday, January 16, 1999
Sinha's budget to end zero-duty imports
Finance minister Yashwant Sinha has hinted at a basic floor duty for all imports in the forthcoming budget. This implies that concessions like zero-duty imports of select capital goods may be withdrawn.
Gail to offload 10 per cent via book-building to FIs
The Gas Authority of India Ltd (Gail) board tied up the nitty-gritties involved in the private placement of 84 million shares with institutional investors on Thursday, paving the way for a 20 per cent divestment of Government holding in the company.
MMTC, SWIL secure RBI nod to hedge risks on global commodity bourses
MMTC Ltd and SWIL Ltd have received clearance from the Reserve Bank of India to hedge their commodity-related risks on international commodity exchanges (comexes).
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