The Financial Express -- News

Sunday, August 10 1997

Oil PSUs want pool account dues paid as marketable gilts

The major public sector oil companies have laid down their broad terms for accepting government bonds in settlement of their dues from the oil pool account. The companies have suggested that either they should be given tax-free bonds or government securities yielding 11% to 12% interest.

Warren Tea mulls Vietnam units takeover

Warren Tea is testing the waters for taking over two tea manufacturing units in Vietnam, following the decision of the Vietnamese government to gradually move away from the nationalised system. The government has indicated that US$ 1.4 million will be needed to modernise the factories.

Natco seeks new partner as Itochu walks out of Krishnapatnam

The Natco group is scouting for fresh partners for the Rs 1,350-crore Krishnapatnam port project with major investor and co-promoter Itochu Corporation of Japan and other participants in the original consortium walking out of the venture.

DoT may opt for digital enhanced cordless

Manohar Joshi vows to put an end to corruption