Total Solutions: A Space Marketing Feature
Monday, September 27, 1999
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Centre to raise infotech firms' foreign takeover investment ceiling to $500m

Domestic information tehnology companies are likely to be given freedom for direct investment up to $500 million or 25% of their market capitalisation, whichever is lower, to fund acquisitions abroad.

Ministry wants FDI in EoUs, EPZs under automatic approval ambit

The industry ministry has moved a Cabinet note to bring foreign direct investment in export-oriented units and export promotion zone units under the automatic approval route.

West Bengal floats sinking fund to aid state firm bonds

The Reserve Bank of India (RBI) has devised a new scheme for state government undertakings which are tapping the debt market backed by guarantees.

Elections 99

Oman Oil eyes 26% in Essar's tankages

Oman Oil Company plans to pick up a 26% stake in the tankages of Essar Shipping which will be hived off into a new company. This is a crucial part of its plan to participate in the equity of Essar Oil where again it proposes to pick up 26% equity.

Ford Ikon is a steal at Rs 5.6 lakh, feel dealers

Ford India dealers are an anxious lot. With Escort not doing as well as was expected, they (like Ford India) are pinning their hopes on Ikon.

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Executive Briefings

bullet.jpg (687 bytes) Nicholas Piramal mulls exit from bulk drugs business

bullet.jpg (687 bytes) Inflation rate rises to 2.02%

bullet.jpg (687 bytes) General Motors may unveil small car, saloon in India

bullet.jpg (687 bytes) SBI seeks Y2K compliance level from borrowers

bullet.jpg (687 bytes) Customs mopup may rise 25%


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