Friday, August 13, 1999
RBI directs state-run banks to restructure overseas operations
Reserve Bank of India has directed public sector banks with overseas presence to recast their foreign operations.
Mexican major Cemex likely to buy out Jaiprakash cement unit
Mexican cement giant Cemex is on the prowl. The transnational, it is learnt, is close to clinching a deal with the Gaurs to buyout the cement division of Jaiprakash Industries.
IIP posts 5.6% growth in Q1
The Index of Industrial Production has registered a growth rate of 5.6% during the first quarter compared with 4.5% during the corresponding period last year, indicating a slow but steady recovery.
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