Sinha may play Santa Claus for local firms
The Centre is likely to strengthen tariff walls in the forthcoming union budget to give "breathing time to the indigenous industry" for adjusting to the vagaries of international competition.
ITC chugs along, logs 16% rise in net to Rs 136 crore
ITC has reported a 16% rise in net profit at Rs 135.70 crore in the third quarter ended December 31, 1998 against Rs 116.89 crore in the corresponding quarter of 1997-98.
SEBI spikes Patels' bid to take over Saurashtra Cement
The Securities and Exchange Board of India (SEBI) has virtually vetoed the takeover attempt by the Autoriders group on Saurashtra Cement.
Maharashtra to lead the pack, earmarks 3% debt for sinking fund
The Maharashtra government is likely to take the lead in floating a consolidated sinking fund by chipping in 3% of its annual gross market borrowings in fiscal 2000. The fund, to be managed by the Reserve Bank of India, will help the state meet its debt repayment obligations.
