Friday, August 13, 1999
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.
Rumours of deal with Bayer propel Ranbaxy shares
Ranbaxy scrip on Thursday continued its northward climb, backed by rumours of a double digit royalty deal with Bayer for the new drug delivery system for ciprofloxacin developed by the Indian company.
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.
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