Tuesday, May 11, 1999
IDBI to consider loan reschedulements
IDBI, one of the premier development financial institutions (DFI), in the country would fund voluntary retirement schemes for manpower rationalisation of companies. It would also consider reschedulement of loans as demanded by the industry.
Centre eases stranglehold on IA
In a major step towards privatisation of Indian Airlines (IA), the Government has cleared an equity injection of Rs 325 crore and permitted the domestic carrier to mobilise funds from the capital market through initial public offering (IPO) or any other modality available for restructuring.
PFC plans $ 250 mn ECB this fiscal
Power Finance Corporation (PFC) plans to raise about $250 million (Rs 1,000 crore) from the overseas market in the current fiscal as part of its efforts to mobilise resources for funding the power utilities.
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