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Tuesday, June 30, 1998

Tatas plan new act, to enter film insurance business in a big way
The Tatas have decided to make a foray into the Rs 6,000-crore film insurance business in big way. To begin with, the Tata-AIG Risk Management Company - the newly formed joint venture - is planning to act as an insurance consultant to the industry.

SC upholds Prasar Bharati decision to auction FM slots
The Supreme Court has upheld the decision of Prasar Bharati Board to auction broadcasting slots on All India Radio's FM channel and dismissed petitions filed by Bennett Coleman and Co Ltd and Star Entertainment seeking renewal of their existing contracts.

CBSIL mulls options to shift base
The Indian nuclear blasts may entail a lot of reworking for Complete Business Solutions (India) Ltd (CBSIL), a wholly-owned subsidiary of the US-based Complete Business Solutions Inc (CBSI). CBSIL has drawn up a contingency plan to shift the base of operations from Chennai to an alternate area in the Asian region. Phillipines is being considered as the ideal alternative for shifting CBSIL operations from Chennai, in the eventuality of a war breaking out involving India.

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BNP, JP Morgan, ABC to fund Oman India's urea project debt
A Consortium of Banque National de Paris (BNP), JP Morgan and Arab Bank Corporation (ABC) has been chosen by Oman India Fertilizer Company to finance the debt portion of the $1.2 billion ammonia/urea complex being set up in Oman.

 


CORPORATE
ONGC to pay Rs 2.5 a share
Scancem all set to part ways with Narmada Cement

ECONOMY
Manufacturers urge safeguards in Patent Amendment Bill
Writebacks protect public sector banks' bottomlines

EXPRESSIONS
Core competence and emerging markets
Hitech Drilling justifies uptrend

MARKETS
Troubled brokers buy time from BSE
UTI defers MIP-III launch due to rate uncertainty

LEISURE
Ranbaxy develops an eye for team-building
A year after handover, HK economy battered


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