FIs oppose ACC warrant issue to Tatas
With the financial institutions deciding to oppose the preferential issue of warrants to the Tatas, ACC is likely to withdraw the controversial offer in a bid to avoid a direct confrontation with the institutions.

IOC, ONGC plan equity swap
Oil majors Indian Oil Corporation (IOC) and Oil and Natural Gas Corporation (ONGC) are talking to each other on proposals to swap equity to help the government meet the disinvestment target of Rs 5,000 crore for 1998-99.

Panel for PF investment in equity
The S A Dave committee has favoured investment of pension funds in equity for maximisation of returns, creation of private fund management company and setting up of a pension regulatory authority.

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