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Thursday, August 12, 1999

Stocks, Re remain under pressure
With tension building up on the Indo-Pak border, the financial markets continued to be nervous on Wednesday.

BHEL may reject NTPC offer, Minister in a fix
After the political storm that the bidding process resulted in, the public sector BHEL is expected to turn down NTPC's award for the Rs 1,400 crore power project at Talcher.

Bharti Telecom to spin off business
India's Bharti Telecom will spin off its telephone manufacturing business into a new company, Bharti Teletech, floated recently, chairman and managing director Sunil Mittal said on Wednesday.


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Corporate Results


  Court strictures on CVC
  Modicorp to accquire Olivetti's entire stake
  Banks adding to demat woes
  Sharp hike in steel imports
  Akzo to buy out Hoechst vet unit
  Alcoa bid to buy Reynolds
  Bickering in the family, IA warns A-I
  P&G to buy Iams
  Bizbits
  Sebi asks CCL acquirer to be transparent



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