Death sentence for Rajiv assassins: In a chilling verdict on Wednesday, judicial wrath came down heavily on the assassins of former-PM Rajiv Gandhi, sentencing all 26 accused to death by hanging. The death sentences will be challenged in the Supreme Court.MRF nets Rs 51 crore: MRF has announced a net profit of Rs 50.90 crore for the year ended September, 1997. This is a 19 per cent growth over the previous year's net profit of Rs 42.86 crore. The board has recommended a final dividend of 30 per cent.
Khatau Mills asked to pay wages: The Mumbai high court on Wednesday directed Khatau Mackanji Spinning and Weaving Mills to pay, within six weeks, wages to its 5,000-odd workers for a period of ten months since March last.
T-bills auction draws a blank: The RBI has failed to receive any bids for the 364-days T-bill auction on Wednesday. The high call rates have taken their toll on the securities auction programme.
No bonus issue at Castrol meet: Castrol has informed theBSE of its board meet scheduled for February 6. The meeting is for the finalisation of accounts and final dividend. This ends speculation that a bonus issue will also be considered. The scrip declined further by 2.41 per cent to close at Rs 674.75. Kerb speculators hammered down the stock to a low of Rs 656.
Iodised salt mandatory: The government on Wednesday imposed a nationwide ban on sale, possession or consumption of non-iodised salt. An official notification, amending the Prevention of Food Adulteration Act, 1954, prohibits any person from selling or offering or keeping in his premises common salt for direct human consumption unless it is iodised.
East Asia worries World Bank: The World Bank on Wednesday expressed concern over the way East Asian countries have been conducting business. World Bank president James D Wolfensohn will visit the region to hear first-hand about the impact of the crisis.
Copyright © 1998 Indian Express Newspapers (Bombay) Ltd.
