Textile companies make a beeline for technology upgradation fund
Textile companies are increasingly availing themselves of the technology upgradation fund (TUF), with nodal institutions IDBI and ICICI sanctioning a whopping Rs 425 crore to date for various projects.

Court asks CESC not to burden consumers with defaulters' due
The Calcutta high court has struck down CESC Ltd's unofficial practice of giving or restoring a power connection to a consumer only if he pays the dues of an absconding defaulter.

GE Capital set to float $2.86bn fund to finance merger and acquisition in Japan
In further proof of recovering foreign confidence in Japan Inc, General Electric Co unit GE Capital and two other firms moved on Wednesday to set up a 300 billion yen ($2.86 billion) fund to finance corporate mergers and acquisitions (M&As).


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  IRDA chief warns foreign insurance firms against dodging 26% equity barrier
  HCL Tech pegs Rs 450-540 price band for IPO
  Government may set up panel on e-commerce taxation soon
  Korea tightens chaebol screws with Hanjin probe
  Cable and Wireless H1 profit falls 39%
  Pfizer may drop conditions on bid for Warner-Lambert
  IDG pours millions into China's Net sites
  The Index
  Japan's KDD Corp, Singapore Telecom agree on equity tieup
  `WTO deal with US will boost Rongji's reforms'
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  CBI probes Rs 150-crore Hamco group's letter of credit fraud;files FIR
  Briefing
  Morepen woos foreign ally for over-the-counter products
  Emami to invest Rs 3 crore for research by 2001
  Bhel weighs plans to set up plants abroad
  BIFR serves wind-up notice on Mangalore Chem
  LML's Caprihan quits, sets sights on Net business
  DCL group floats offshore software company
  DSQ seeks shareholders' nod for preferential issue