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Wednesday, May 26, 1999

SEBI dilutes balance sheet norms for companies
The Securities and Exchange Board of India (SEBI) has diluted the norms for submission of balance sheets by companies, thereby helping the corporate sector to cut the costs.

Govt to float tenders for 2 mega LNG projects
The Union Government will float global tenders for two greenfield 2000 mw Liquified Natural Gas (LNG) power plants by mid-June.

BIFR declares IDCOL Cements sick
The Board for Industrial and Financial Reconstruction has declared state-owned IDCOL Cements Limited sick on erosion of its networth and appointed M P Modi as special director of the company.



  ITC net rises to Rs 623 cr, to pay 55 per cent
  Sensex rises by 31 points
  Government raises subsidy on fertiliser
  Govt hikes fertiliser subsidy, to bear Rs 200 cr burden
  Disprin, rifampicin prices hiked
  Voltas turns the corner
  Eveready net dips
  SBI directed to account for its negligence
  Bizbits
  CEA approval for Reliance Power
  Biz File -- Chandigarh



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