Maxtouch: Rent a Mobile
Monday, November 29, 1999
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Athreya wants Centre to cut stake in IDBI

The one-man MB Athreya panel, set up to chalk out the vision and strategic directions for the Industrial Development Bank of India (IDBI), has recommended transforming the term-lending institution into a bank and bringing down the Centre's stake in it.

Bharti buys out Crompton Greaves' stake in SkyCell

Bharti Enterprises and Crompton Greaves have sealed the deal for the latter's 40.5% equity stake in Chennai metro cellular service provider SkyCell for Rs 100 crore. A formal announcement is expected in the next couple of days.

Birla panel may spell out guidelines for succession

The Kumar Mangalam Birla Committee on corporate governance is expected to recommend a more active role for company boards to ensure a smooth succession plan in family-run businesses.

Centre may offer 40% in SCI to state-run oil firms

The ministry of surface transport is actively considering the Disinvestment Commission's proposal to offload 40% Government equity in the Shipping Corporation India (SCI) in favour of public-sector oil majors IOC, HPCL, BPCL, CRL and MRL.



Executive Briefings

bullet.jpg (687 bytes) India, Oman to recast $1.1bn fertiliser venture

bullet.jpg (687 bytes) Inflation rate inches up to 3.12%

bullet.jpg (687 bytes) IOC woos Enron Oil, Petronas for Andhra LNG plan

bullet.jpg (687 bytes) Samsung to make India export hub; eyes $58bn sales

bullet.jpg (687 bytes) Appellate body to hear Canara Bank's plea on ABCL on Dec 1

bullet.jpg (687 bytes) ICICI to use Reuters' suite for treasury and trading


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