Monday, November 23, 1998
Indian Oil, ONGC plan tieup for integrated operations abroad
India's first fully-integrated oil company is likely to take its roots abroad. The Indian Oil Corporation and Oil and Natural Gas Corporation are in talks for an alliance that will cover a gamut of activities -- exploration, production, refining and marketing -- overseas.
Uco Bank hits panic-button, seeks bailout
The state-run Uco Bank has moved the finance ministry with a proposal to postpone the bipartite wage settlement, downsize staff strength through introduction of a voluntary retirement scheme (VRS) and shift its treasury operations from Calcutta to Mumbai.
Siemens arm, Reliance Telecom in talks for wireless network
Siemens Public Communication Networks Ltd (SPCNL) is in talks with Reliance Telecom and other basic service providers for installing a wireless network enabling data and voice transfer at high speeds.
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