
Friday, January 15, 1999
RBI may make electronic clearing of dividend mandatory
The Reserve Bank of India is likely to make it mandatory for corporates to route dividend and interest payments through its electronic clearing service (ECS).

BHEL's power project for Kerala ready at Kayamkulam
The first unit of the World Bank-funded 350 MW Kayamkulam Combined Cycle Power project is all set for commissioning by Prime Minister A B Vajpayee on January 17.

IOC to divest 5% govt stake
The Indian Oil Corporation (IOC) will hit the domestic market to offload five per cent of government equity in March next as part of the disinvestment drive.

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