Friday, April 30, 1999
SC bar to hit Maruti, M&M and HM hard
The automobile industry, especially the largest car manufacturer Maruti Udyog, suffered a major jolt with the Supreme Court banning registration of non-commercial vehicles not adhering to the Euro-II emission norms from April 1, 2000, in the national capital region.
Sinha wants RBI to disinvest its stake in banks
Finance Minister Yashwant Sinha feels that the Reserve Bank of India should not hold equity in commercial banks and do away with the system of having its representatives on their boards.
VSNL net spurts 38% to Rs 1,341 cr
Videsh Sanchar Nigam Ltd (VSNL) has posted a 38.58% jump in net profit to Rs 1,341.29 crore on a total revenue of Rs 7,189.55 crore, a gain of 11.71% over last year.
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