Monday, December 21, 1998
Telecom panel eggs Centre to scrap floor on foreign equity
The Industry Group of Telecom, a parallel industry body, has suggested that the government scrap the mandatory requirement of a minimum 10% equity subscription by a foreign partner in basic, cellular, paging and V-Sat services.
Cipla files global patent for omeprazole
The Rs 541- crore Cipla has filed international patents for an omeprazole formulation even as it is working on a host of sophisticated "molecular manipulation'' techniques (like chiral synthesis), to take on the challenges of the impending product patents regime.
Ministry appoints IDBI, IFCI, Sidbi as nodal agencies for textile fund
The Union textile ministry has appointed Industrial Development Bank of India (IDBI), Industrial Finance Corporation of India (IFCI) and Small Industries Development Bank of India (Sidbi) as nodal disbursal agencies for the proposed Rs 25,000-crore technology-upgradation fund for the textile industry.
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