Tuesday, February 20, 2001

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Bajoria demands Wadia's removal from Bombay Dyeing
After a brief lull, the new `takeover tycoon' Arun Bajoria is back in action and is set to demand Bombay Dyeing Chairman's Nusli Wadia's removal from the board of the company at the Company Law Board hearing on March 12.




Premature bond recalls become order of day
Fall in interest rates might have cheered the industry, but the investors are facing a dilemma. While the cost of funds has gone down on the one side, financial institutions are increasingly opting for premature redemption of bonds much to the chagrin of investors.




Bank stocks lukewarm to rate cut
As expected there was a lukewarm response to RBI Governor Bimal Jalan's decision to cut interest rate with select banking stocks like ICICI, SBI and HDFC Bank garnering buying interest.




Other headlines

PNB to cut PLR from March 1
Sterlite Optical links arms with US giant
European firms to form world's biggest steelmaker


 
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