
Friday, August 27, 1999
NPPA new price-ceiling to hit multivitamin makers hard
The National Pharmaceutical Pricing Authority (NPPA) has imposed a ceiling price on a wide range of vitamin B complex formulations which is expected to be detrimental for the retail trade in general.
Reliance Petro prepays IFCI's Rs 500-cr loan
Reliance Petroleum Ltd (RPL) has prepaid loans of Rs 500 crore to the Industrial Finance Corporation of India (IFCI) and replaced these with debt from domestic banks at highly competitive rates.
RBI to set up FIs, banks joint panel to tackle NPAs
The RBI has reportedly decided to set up a coordination committee involving banks and financial institutions to evolve a concerted effort in tackling the growing non-performing assets.
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