Friday, August 7, 1998
Srikrishna report indicts Thackeray, Joshi
The Srikrishna Commission has indicted Maharashtra chief minister Manohar Joshi and Shiv Sena supremo Bal Thackeray for inciting passions and triggering riots in "retaliation" for the alleged attacks on Hindus. The commission has also recommended action against nine police officials.
Sensex dips below 3,100 points on political worries
Political factors continued to play havoc with market sentiment on Thursday. The 30-share BSE Sensex dipped below the 3,100 benchmark to close at 3,096.33, registering a net decline of 37.09 points.
Divestment of non-core businesses to fetch Voltas around Rs 215 crore
Voltas Ltd, the cash-strapped Tata group company, will rake in Rs 160 crore from the transfer of its white goods division to the proposed joint venture with AB Electrolux. Company sources said that close to another Rs 55 crore is to flow into its coffers from the sale of the agrichemicals division to group company Rallis India.
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