Sunday, April 25, 1999
AM Naik appointed new L&T chief
Larsen & Toubro (L&T) announced AM Naik as the new managing director and chief executive officer on Saturday. He takes over from SD Kulkarni who steps down on April 27.
Carryforward rates stabilise at 8% on BSE
Carryforward rates on the Bombay Stock Exchange (BSE) further dipped to a low of 2% on April 24, before stabilising in the band of 6-8.1% on an average.
Jyoti Basu leaves decision to politburo
A Third Front-led govt headed by Marxist veteran Jyoti Basu were discernible in the otherwise murky political scene as President KR Narayanan continued his consultations with party leaders and constitutional experts to resolve the impasse.
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