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ICICI, BICP to work out compromise coal price for 1082MW fast-track project
The Union finance ministry has appointed Industrial Credit and Investment Corporation of India (ICICI) and the Bureau of Indian Cost and Prices (BICP) as consultants to work out a compromise coal price for the 1082 MW fast track power project at Bhadravati. The move follows differences between the Ispat group and Coal India over valuation of fuel supply linkages.
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Bank of India AMC pays up to meet Boinanza redemption shortfall
BOI Asset Management Company, the investment manager for Bank of India mutual fund, is stepping in to meet a shortfall of Rs 1.38 crore in the redemption of the BOI Festival Boinanza Growth Scheme-1991. The scheme stands redeemed as on December 10, 1997.
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Hindustan Lever to develop culinary division into new business
Consumer goods major Hindustan Lever (HLL) is now developing its culinary division as a new business. Lever's entry into the culinary business, would be under the Kissan brand name and would include branded staples, related products as well as jams, sauces and noodles.
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Reckitt & Colman spurns offer to buy Ezee, Trilo and Mediker brands
Investment banker ING Barings has approached Reckitt and Colman India for the sale of "Ezee", "Trilo" and "Mediker" shampoo, after Godrej Soaps refused to buy back the detergents. ING Barings has been scouting around for a buyer for these brands since the $35-billion US consumer products giant Procter and Gamble (P&G) put them on the block.
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