Centre plans to divest 15% in Indian Oil
The Centre plans to divest 15 per cent of Indian Oil Corporation's (IOC) equity via joint book-building instead of 10 per cent approved by the Cabinet earlier.

FIs want RBI to defer decision on dilution in exposure norms
Financial institutions have decided to move the RBI to postpone the decision of reducing institutions' exposure limit to individual clients to 20 per cent from the present level of 25% effective April 2000.

UBI's H1 operating profit up 50% to Rs 18.02 crore
The United Bank of India (UBI) has reported a 50 per cent increase in operating profit in the six months to September 30, 1999, to Rs 18.02 crore from Rs 12.03 crore in the corresponding half of 1998.


  Executive Briefing
  Net trading laws by year-end -- Sebi chief
  Withdrawal of ST incentives may force cement firms to defer their expansion plan
  Cellular industry gears up to offer value-added services
  Plan panel moots 6-point agenda for subsidy policy
  Workers to launch nationwide stir against divestment
  Committee asked to suggest steps to regulate competition
  Briefing
  Tarapore asks firms to assess forex risks, flays exchange control norms
  StanChart to beef up presence in Asia
  Sidbi plans to play market-maker for small scale industries floats
  Sidbi sets up panel to open capital market to small scale industries
  Mamata hums industrialists favourite tune, seeks JVs with private investors
  Pakistan situation likely to dominate India-EU talks
  Textile monitoring body divided over major export-import disputes
  Real trade talks with US will begin only after Seattle meet
  Disinvestment Commission's fate to be decided this week