Saturday, June 5, 1999
Birla panel for body to deal with insider trading
The Kumarmangalam Birla committee on corporate governance has suggested that a separate group be set up to develop necessary safeguards for companies to effectively deal with insider information and against insider trading.
MoF data reveals fall in industrial output
Industrial production, which registered a growth rate of 3.8 per cent during April-March, 1998-99, indicates a sharp decline compared to the corresponding months in the previous year.
Sivasankaran to sell TMB equity to Nadars
The three-year old controversy over the attempted takeover of Tamilnad Mercantile Bank (TMB) has come to an end with NRI businessman C Sivasankaran agreeing to sell his 67.3% equity for Rs 186 crore to an investment forum of the Nadar community.
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