Thursday, October 14, 1999
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Atal swears by consensus, picks jumbo team

A 70-member jumbo-size NDA ministry headed by Atal Bihari Vajpayee was sworn in yesterday giving the widest possible representation to supporting parties in what looks like a balancing act.

Yashwant Sinha aims at 8-9% growth

India should aim at an economic growth rate of 8%-9% to tide over the problems of poverty and unemployment, finance minister Yashwant Sinha said.

Ministry rules out mid-term tax correction

Finance ministry officials have ruled out any major changes on the revenue front to enhance tax realisation in the remaining months of the current financial year.

Elections 99

Ministry plans to securitise Rs 7,000 cr dues of SEB

The power ministry is planning to securitise Rs 7,000 crore worth of dues of state electricity boards (SEBs) out of the total outstandings of around Rs 21,000 crore.

Gujarat Ambuja declares 1:1 bonus; Q1 net soars 194%

Gujarat Ambuja Cements stunned the markets with a 194% increase in net profit during the first quarter ended September 30. Buoyed by the sharp rise in profits, the board has proposed a 1:1 bonus.

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Executive Briefings

bullet.jpg (687 bytes) L&T, Case Corp set up venture to make construction equipment

bullet.jpg (687 bytes) IRA bill will be tabled sans major changes, says insurance secretary

bullet.jpg (687 bytes) Call rates zoom 20 per cent

bullet.jpg (687 bytes) Nicholas Piramal H1 net up 23% to Rs 25.5 cr

bullet.jpg (687 bytes) Dip in LME prices forces copper firms to slash rates


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