Tuesday, August 18, 1998
FIPB puts off decision on Tata Airline yet again
The Tata Airline proposal continues to be jinxed, with the Foreign Investment Promotion Board postponing its meeting on Monday in the wake of the recent bureaucratic reshuffle. The proposal is likely to be taken up by the board at its next meeting on August 22.
Bharti BT-Benett, Coleman in talks to set up V-Sat hub
Bharti BT is in talks with Bennett Coleman & Company for the setting up of a private V-Sat hub. Bharti BT is the 50:50 satellite joint venture between British Telecom and the Sunil Mittal promoted Bharti Telecom.
Specifications for rails made more stringent
Indian Railways has recently amended the specification of rails in view of increased traffic density and the introduction of high-speed trains in many parts of the country. Bhilai Steel Plant (BSP) of SAIL, which is the sole indigenous supplier of rails to the Indian Railways, has been given the new specification, IRS-12-96, by the Railways.
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