Friday, July 24, 1998
VSNL's hub plans may change shape as `strategic partnership'
With not too many takers for its $ 500 mn plan to set up a regional telecom hub, VSNL is now planning to go in for a `strategic alliance' with a foreign telecom major.
Tisco to sell cement plant; profits crash
Tata Steel, driven by the need to focus on its core business of making steel, has decided to sell off its cement division. The company has started talks with several companies and banks in this regard.
SBI profit jumps 33%
State Bank of India (SBI) has clocked a 33.15% growth in its net profit during the first quarter of the current fiscal to Rs 420.60 crore, up from Rs 320.40 crore in the corresponding period of 1997-98.
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