ICICI Bank pulls ahead of IndusInd in deposit mopup
ICICI Bank has overtaken IndusInd Bank by mobilising the highest quantum of deposits among nine new-generation private sector banks. Global Trust Bank has also surpassed IndusInd, which has now been relegated to the third position.

Indian Oil spurns IBP alliance proposal
The Indian Oil Corporation (IOC) is believed to have vehemently objected to the proposal of an alliance between IBP, Madras Refineries, Cochin Refineries and Bongaigaon Refinery & Petrochemicals. The Union ministry of petroleum and natural gas, however, feels the plan needs a careful look.

HDFC Bank first-half net profit swells 26 per cent to Rs 42 crore
HDFC Bank has recorded a 26% rise in its net profit for the half-year ended September 30, 1998. The bank has posted a net profit of Rs 42.17 crore compared with Rs 33.51 crore in the year-ago period.

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  Corporate Briefing
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