Tuesday, March 30, 1999
Petroleum Ministry against Sengupta plans
The Ministry of Petroleum is believed to have expressed serious objections to some of the recommendations of the Nitish Sengupta Committee on restructuring of the downstream petroleum industry.
RBI fails in Y2K compliance, but warns others
Even as the RBI has threatened to cancel the licence of non-banking finance companies if they fail to become Y2K compliant by March 31, its own network and branches would be Y2K non-compliant till May.
BP Amoco, ARCO too in merger talks
BP Amoco of Britain said today that it is in takeover talks with Atlantic Richfield, the seventh biggest US oil company, and analysts saw the deal as a bold step which could bring big cost savings.
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