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GVR faults Govt PSU reform policy
The Disinvestment Commission submitted its sixth report yesterday covering seven public sector companies. While giving the details of the report, Chairman G V Ramakrishna criticised the Government for not adopting a comprehensive public sector reform policy.
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CARE to rate bank loans
Credit Analysis & Research Ltd (Care) has launched a new rating product to assess term loans. The new product, christened Care Loan Ratings (CLR), is expected to facilitate easier access to institutional finance, particularly for mid-cap and smaller corporates.
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Modern allowed to repay FD in 3 yrs
The Company Law Board (CLB) has directed the Modern group to re-pay the fixed deposit money to its depositors in four instalments spread over three years. The board ordered the Rs 1,100 crore group to repay amounts up Rs 10,000 of fixed deposit in two instalments of 40% and 60%.
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Angry shareholders disrupt SWC AGM
The AGM of the cash-strapped Shaw Wallace and Company was stormy as employee-shareholders shouted anti-Manu Chhabria slogans to protest against the management's decision to put all resolutions to vote following defeat by show of hands.
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