Tuesday, April 27, 1999
P&G sells Medikar to Marico for Rs 10 cr
Procter & Gamble India and Marico Industries on Monday announced the sale of P&G's anti-lice treatment shampoo brand `Mediker' with effect from June 30, 1999, to Marico for a consideration of Rs 10 crore.
Shares crash; Sensex down 161 pts
The dissolution of the 12th Lok Sabha pulled down share prices on major stock exchanges today with the Sensitive Index (Sensex) of the Bombay Stock Exchange (BSE) nosediving by 161 points.
BIFR declares Paam `sick'; FI plea ignored
The Board for Industrial and Financial Reconstruction (BIFR) has declared Paam Pharmaceuticals Limited (PPL) as a sick industrial company following complete erosion of its networth. The BIFR ignored the allegations raised by banks and institutions about various malpractice by the company, especially certain doubtful provisions.
|
|
