ICICI Bank, BoM merger on cards
ICICI Bank Ltd is considering the merger of Bank of Madura Ltd (BoM) with it, according to separate announcements made by both banks. The board of directors of both banks are meeting on December 11 to consider the scheme of merger. The scheme has to be c leared by the boards of both banks and the Reserve Bank.

Eveready to sell last Darjeeling estate for Rs 2.15 cr
IN the third instalment of tea garden sale, Eveready Industries India Ltd today informed stock exchanges of its decision to dispose of the Glenburn estate in Darjeeling for a consideration of Rs. 2.15 crore.

CLP Power committed to Mangalore project -- Status quo till financial package is in place
CLP Power International has conveyed that there would be no change in the status of the $1.3-billion Mangalore power project despite its acquisition of PowerGen's assets in the country.

Ciba Speciality board approves merger of arms
THE board of Ciba Speciality Chemicals India Ltd has approved the scheme of amalgamation of its subsidiaries, Pigment Specialities India Ltd (PSIL) and Indo-Swiss Textile Chemicals Ltd (ISTCL) into itself.

Game to make crorepatis of phone cos
THE Big Bs and the Govindas of `crorepati' shows have more competition in hand. For here comes `Dial a Crore', courtesy MTNL and DoT.

Godrej Soaps demerger okayed -- Equity being split at 60:40
THE board of directors of Godrej Soaps Ltd (GSL) has approved the scheme of demerger of its consumer products business, with the paid-up equity capital being split in the ratio of 60:40. The demerger will come into effect on April 1, 2001.

In-house concierge at your service
IT was two days to go for Deepavali when Mr Kartikeyan V., human resources manager at Motorola India Electronics Ltd in Bangalore, realised that he hadn't picked up the fire crackers his son had been badgering him to.

Licensing norm relaxed for SEZs, EPZs
INDUSTRIAL undertakings operating under the 100 per cent export-oriented undertakings scheme, the export processing zone scheme and the Special Economic Zone scheme will no longer be required to obtain industrial licences for manufacturing items reserved for the small scale sector.

Star struck
Actresses Suhashini Maniratnam and Ramya Krishnan fascinated by a Rs 9-lakh platinum ring at the inaugural of Jewels 2000, an exhibition-cum-sale of jewellery which began in Hyderabad on Friday. The four-day expo is being organised by ANZ International T rade and Marketing Associates.

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