Tuesday, November 23, 1999
MTNL plans to get listed on NYSE
After shelving its GDR plans, public sector, Mahanagar Telephone Nigam Ltd (MTNL) is now planning to get listed at the New York Stock Exchange (NYSE) by January 2000.
Ericsson pull-out hits Indian firm
Chairman of Mekaster Telematics Ltd V M Trehan on Monday said after its joint venture with Ericsson collapsed following the Swedish giant's `quiet withdrawal' the Indian medium sized company has been hurt in financial terms, human resources and future business prospects.
Crude oil price soars as Iraq stops exports
Oil prices rocketed to a new nine-year high on Monday after Iraq suspended oil exports under its humanitarian exchange programme with the United Nations. London January Brent futures opened at $25.90, the highest oil price since January 1991, and by 1145 GMT stood at $25.67 a barrel, 60 cents up from Friday's close.
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