Saturday, November 27, 1999
1-5.75 swap for HDFC Bank, TimesBank merger
In the first ever acquisition among private banks, HDFC Bank has acquired Times Bank and the boards of the two banks.
Automobile sales jump 30%, demand to grow further
The Indian automobile sales are set to stay on a strong growth path until the end of fiscal 2000 following a 30 per cent leap in the first seven months of the current financial year.
Modi GBC plan irks investors
Modi GBC, a joint venture of Modicorp and General Binding Corporation (GBC) of USA has offered to buy back its shares from the public in the wake of a turnaround after restructuring and widening of equity base.
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