Tuesday, August 3, 1999
DuPont allowed 100% stake in Indian arm
The Foreign Investment Promotion Board has allowed EI DuPont to retain 100% stake in its Indian subsidiary by granting an exemption from the disinvestment clause of the original approval.
IRA norms on cost containment likely
The Insurance Regulatory Authority (IRA) is planning to establish a set of cost containment guidelines for the insurance industry.
Air India restricts upgradation
In order to contain its losses, Air India has restricted upgradation of passengers on all its flights following a board meeting last fortnight.
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