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Saturday, May 1, 1999

Industry Ministry to dilute entry norms of multinational subsidiaries
The Industry Ministry is quietly pushing through a proposal to dilute the entry norms of multinational subsidiaries despite stiff opposition from the Commerce Ministry.

RCF chalks out Rs 2,900 crore expansion
State-owned fertiliser major Rashtriya Chemicals and Fertilisers Ltd (RCF) has sketched out a major expansion strategy during the Ninth Plan period with a string of projects totalling an investment of Rs 2,900 crore.

Foreign institutional investors investing heavily in India
Contrary to expectations, foreign institutional investors (FIIs) seem to have invested heavily in the Indian markets after the fall of the Vajpayee government at the Centre. FIIs seem to have turned the ongoing political upheaval into an investment opportunity, pouring in over Rs 850 crore into the Indian markets.



  A-I violated pact with engineers -- Tribunal
  AT&T to implement new telecom tariffs
  Finolex declares bonus
  CESC reports loss of Rs 132 crore for the 1998-99
  Wipro posts a 58% growth in profit after tax
  Siemens stages dramatic recovery with a net profit of Rs 16.65 crore
  CII for ordinances route to clear Bills
  BIFR recast, change in SICA provisions mooted
  Renault to buy 20 pc equity of ITL
  Indian Rayon Industries reports a 40% drop in net profits
  Grasim profits decline by 37 pc
  India's real telecom revolution begins
  Stringent norms for MF sector on cards
  IMF official cautious on Asian stock market rallies
  Bizbits
  IDBI to raise Rs 10,000 crore
  Govt agree to review duty on acrylic fibre
  SAIL registers 7.6 pc growth



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