Sunday, September 20, 1998
FIPB clears RIL's Satphone proposal
The Foreign Investment Promotion Board (FIPB) has cleared foreign direct investment (FDI) proposals worth Rs 2,000 crore including two mega projects from Reliance and BHP of Australia.
World economy to grow by 2%, says IMF
The world economy will grow by around 2% this year, down from an earlier forecast in April of 3.1%, according to the International Monetary Fund.
Honda ups capital to Rs 360 cr
Honda Siel Cars India Ltd (HSCI), a joint venture between Honda Motor Co of Japan and Siel, is doubling its authorised capital from the existing Rs 180 crore to Rs 360 crore.
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