Tuesday, May 4, 1999
Crude touches $16.5 a barrel, sharp hike in oil bill
The country's extreme complacency on the oil front has taken a huge hit with the sharp spurt in oil prices over the last month, and the possibility that this year's import bill could be at least 30 to 40 per cent higher than it was last year (1998-99).
Gesco sets 1:10 ratio for demerger
Shareholders of shipping firm Great Eastern Shipping Company Ltd (Gesco) will be issued one fully paid share of Rs 10 each in the new property company for every 10 shares of Gesco held.
Crisil downgrades HUDCO FDs, bonds
Crisil, the leading credit rating agency, has downgraded the rating of Housing and Urban Development Corporation limited's (HUDCO) Rs 500 crore bonds programme and fixed deposit programme from `AA' to `AA-' and `FAA' to `FAA-' respectively.
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