Tatas set up body to find successor
Tata group, has decided to set up a governance council which will be responsible for nominating a successor to group chairman Ratan Tata who is scheduled to give up his executive position on attaining 65 years in December 2002.



Economy to grow at 7% -- FM
Finance Minister Yashwant Sinha expects the economy to grow at 7% during the current financial year as compared to 6.4% during the last fiscal.



RBI allows FIs to issue CPs
The Reserve Bank of India (RBI) has capped the total amount to be raised by corporates through issuance of commercial paper (CP) to 50% of the working capital limit set for them by banks.



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