Thursday, October 22, 1998
Concor divestment to begin in 10 days
In a bold move, aimed at conveying positive signals to investors, the government today decided that it would go ahead with its disinvestment exercise despite the very low ruling market prices.
RBI to mandate NBFC registration with SRO
Registration of non-banking finance companies with the proposed self- regulatory organisation (SRO) and the Reserve Bank of India will become mandatory once the norms for SROs are finalised by the respective industry associations.
L&T looking for partner to divest equity in Coimbatore bypass
Larsen & Toubro Ltd, which is implementing the Coimbatore bypass, the first privatised road project in south India, is scouting for foreign parties with a view to diluting its equity stake.
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