Cabinet clears telecom bailout plan, Fema The union cabinet on Thursday approved the migration package for private telecom companies as well as a spate of important bills including the Money Laundering and Foreign Exchange Management Act (Fema) Centre may scrap dividend-balancing norm Commerce and industry minister Murasoli Maran has set the ball rolling for preparing a policy package to give a big push to foreign direct investment. ITC plans to set up 5-star hotel at Parel ITC Ltd, the cigarette-to-hotels major, is planning to set up a five-star hotel at Parel in central Mumbai entailing an investment of around Rs 200 crore. Tisco to use part proceeds of cement plant sale to pay debt Tata Steel has decided to utilise a major portion of the Rs 550-crore proceeds from the sale of its cement plant to French transnational Lafarge for retiring some of its high-cost debt. Satyam to convert warrants of Satyam Info at a discount The benefits of Satyam Infoway's ADR listing at a huge premium is expected to percolate to its parent, Satyam Computers, albeit indirectly and notionally.
Cabinet clears telecom bailout plan, Fema
Centre may scrap dividend-balancing norm
ITC plans to set up 5-star hotel at Parel
Tisco to use part proceeds of cement plant sale to pay debt
Satyam to convert warrants of Satyam Info at a discount
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