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Monday, February 28, 2000



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Tata Tea buys Tetley of UK for 271 mn pounds
In the biggest-ever deal in Indian corporate history, Tata Tea signed a 271 million pounds (Rs 1,870-crore) deal to buy out all the brands of Tetley of UK on Sunday.




No more disinvestment in parts -- Jaitley
By and large, the Government is not going to be selling off its stake in public sector units in parts, as has been happening in companies like GAIL where the Government has been selling off part of its equity in both the global and domestic capital markets.




ICE cos now misuse pvt placement market
While the ICE (infotech, communication and entertainment) stocks have soared to dizzy heights on the stock markets, these companies have quietly started taking advantage of the boom by privately placing their equity shares.




Other headlines

Cash-strapped India seen on course for tough budget
Raise limit of export credit -- FIEO
Inflation falls to 20-week low of 2.37 per cent
Schroeder wants Indian IT experts to fill shortage in Germany
Banks not speculating in stock markets, claims Jalan


 
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