
Sunday, January 17, 1999
FIPB clears Essar Steel, BPL Cellular plans
The Foreign Investment Promotion Board (FIPB) cleared foreign direct investment proposals worth Rs 902 crore, including a $130-million convertible Eurobond issue by Essar Steel.
Bajaj Auto Q3 net skids 30 per cent to Rs 86 cr
Bajaj Auto's net profit has dropped by more than 30% to Rs 86.16 crore for the third quarter of the current fiscal down from Rs 123.53 crore for the corresponding period last year.
I-Sec sees 1 percentage point cut in repo rates
I-Sec expects a one percentage point cut in the repo rates as it would help call money rates to settle down at lower levels and result in downward shift of short-end gilts yield curve.
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