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Wednesday, September 29, 1999
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SRF takes over DuPont Fibres

SRF Ltd has taken over DuPont Fibres (DFL), a subsidiary of EI DuPont India. The company will acquire over 98% equity holding of EI Dupont India as well as Mitsui's 1-2% stake.

Harshad Mehta gets five years RI

The Special Court of Justice M S Rane on Tuesday sentenced stock broker Harshad Mehta and three others convicted in the MUL case to five years of rigorous imprisonment, plus a fine of Rs 25000 each, for conspiracy to divert funds to the tune of Rs 38.97 crore of the MUL to Mehta's account.

Bank of Rajasthan AGM adjourned as rival groups clash

The 56th annual general meeting (AGM) of the Bank of Rajasthan (BoR) at Udaipur was adjourned on Tuesday before any business could take place admidst clashes between supporters of the Tayals and the Bangurs--the two groups which have been fighting it out for the control of the beleaguered bank.

Elections 99

Hughes Software may price its share at Rs 630

Hughes Software Systems (HSS) is expected to price its shares around Rs 630, the upper band for the bidders, after receiving an overwhelming response to its book-building process which closed on Tuesday.

Say cheese, Amul likely to enter tea, coffee markets

Keeping in pace with its plans of becoming a multi-product food conglomerate, the National Dairy Development Board (NDDB) is strongly contemplating entering the tea and coffee sectors.

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Executive Briefings

bullet.jpg (687 bytes) HPCL, BPCL agree to share terminals at Loni, Manmad

bullet.jpg (687 bytes) Reserve Bank fixes 12.32% gilt cut-off price at Rs 103.57

bullet.jpg (687 bytes) Gujarat Ambuja may announce 1-1 bonus

bullet.jpg (687 bytes) Pfizer third-quarter net profit rises 8 per cent to Rs 9.87 cr

bullet.jpg (687 bytes) Bihar govt finally clears Tisco's cement division sale to Lafarge

bullet.jpg (687 bytes) Centurion Bank IPO oversubscribed 5 times


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