Basic Teleservices to withdraw from TN: RP Goenka group firm Basic Teleservices has decided to pull out of its planned telecom-service project in Tamil Nadu, people familiar with the matter say. The move comes close on the heels of its Japanese ally NTT's decision to walk out of the joint venture. Analysts say the Goenkas are hard put to scout around for a new partner who could share the project's imposing licence fee.Shoot at sight in AP: The Andhra Pradesh government on Monday ordered its policemen to shoot at sight upon disruptionists in a bid to quell efforts by peeved employees of the state electricity board to sabotage power supply. The state has asked the army to stand by as an abundant measure of caution after several employees' unions took to the streets in protest against the power reforms.
Pepsi sales spurt: Soft-drinks mogul Pepsi says its sales rocketed a whopping 88 per cent, riding piggyback on the growth of its nascent Mirinda Lemon brand. Officials are quick to pointout that Pepsi's association with sports, sportsmen and music events have helped prop its fortunes in no small measure.
Banks unions' meet on report: A joint committee of bank unions is to meet on Tuesday to chalk out its strategy against the recommendations of the second Narasimham report. Tens of scores of bank employees' unions across the breadth of the country have risen in unison to let out an agitated wail of anguish against the report, which has, among things, suggested that the centre `examine' the closure of weak banks.
Copyright © 1998 Indian Express Newspapers (Bombay) Ltd.
