Tuesday, August 4, 1998
VSNL slashes Internet access rates by 10%
VSNL has slashed the Internet access charges for leased lines by 10% to 33%. Rates for the higher bandwidth of 2 mega bits per second (Mbps) leased-lines have been cut by 10%, while there has been a 33.33% cut in rates for the lower-end leased lines of 64 kilo bits per second (Kbps).
JK Corp to sell polyester business, induct partners in other divisions
JK Corp Ltd has proposed a major financial restructuring including raising of at least Rs 350 crore from the sale of its polyester business, induction of new joint venture partners in existing businesses and equity placement.
Sun Pharma to maintain 29% stake in Gujarat Lyka
Sun Pharmaceutical Industries has decided against preferring an appeal against the SEBI verdict for the acquisition of 20.17% equity in Gujarat Lyka Organics from three investment firms.
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