
Saturday, April 3, 1999
Telco sales falls 15% in FY 99
Truck maker, Tata Engineering and Locomotive Company Ltd has maintained its worst-ever performance and recorded a 15% drop in commercial vehicle sales in the financial year 1998/99.

High insurance cost drains AI of Rs 50 cr
The recent turmoil in the aviation reinsurance market has forced Air India to pay almost 30% higher premium for seeking an insurance cover during 1999-2000.

Crisil downgrades DLF Cement, Piramal Fin
Credit Rating Information Services has downgraded the multi-option convertible debenture of DLF Cement, FD programme of Piramal Financial Services and the NCD instrument of Garware Polyster Ltd.

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