Wednesday, April 28, 1999
Digital to sell computer business to Compaq for Rs 83 cr
The Digital Equipment (India) Limited is to become an independent company focussed on software exports by selling its domestic computer products and services business to Compaq India for a cash consideration of Rs 83 crore and non-compete fee of Rs 5 crore.
Derivatives trading to be delayed further
The ambitious plan of the stock exchanges to start derivatives trading is stuck again following the dissolution of the Lok Sabha. The National Stock Exchange and the Bombay Stock Exchange have been waiting for the Parliament approval for over a year.
India won't need IMF's CCL, says Jalan
India does not need to apply under the newly created Contingent Credit Lines (CCL) of the International Monetary Fund (IMF) for it follows its monetary policy with caution and prudence, the Reserve Bank of India (RBI) governor, Bimal Jalan has said.
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