Tuesday, February 16, 1999
Levers net rockets, Pond's deal peps up turnover
The select Rs 10,000 crore turnover club has yet another member. Hindustan Lever, the giant Unilever subsidiary, has almost inevitably overhauled the landmark in what its chairman Keki Dadiseth calls a bad year.
ONGC, Indian Oil may put fresh equity swap plan on hold till privatisation
The Oil and Natural Gas Corporation and Indian Oil Corporation do not plan to go in for further crossholding of equity till the Government decides to reduce its stake in these PSUs below the 51% mark.
VSNL ups Ninth Plan capex by Rs 2,200 crore
The state-owned Videsh Sanchar Nigam (VSNL) has in its mid-term review of the Ninth Plan hiked capital expenditure (capex) by another Rs 2,200 crore to Rs 7,500 crore.
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