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Saturday, August 7, 1999

Ministry submits Sengupta panel proposals for Cabinet's approval
The ministry of petroleum and natural gas has forwarded the recommendations of the Nitish Sengupta Committee to cabinet for approval.

Tatas bid to take over Tetley runs into a roadblock
The negotiations between the Tata group and Schroders Private Equity Fund, which has management control over the Tetley Group of UK, have been deadlocked because of pound 10-million difference between the ask and bid price.

Open up repos market -- RBI panel
The sub-group of a RBI advisory committee has recommended that all entities, including corporates, may be allowed to undertake repurchase agreements in government securities, PSU bonds, private corporate debt securities and all financial institutions' bonds.

Singapore : Be there for the celebration!


Taj Gift House

Corporate Results of over 2500 companies

Department of Expenditure objections overruled in HSCL bailout proposal
Prime Minister Atal Behari Vajpayee's caretaker cabinet set aside objections raised by the department of expenditure in the ministry of finance while approving a massive bailout plan for the ailing Bihar-based Hindustan Steel Works Construction.

 


CORPORATE
C-DAC likely to offload 30% to FIs
Rolta, Parametric Tech team up to offer mechanical design solutions

ECONOMY
PIB asks Centre to reconsider setting up of big fertiliser plants
Ministry against duty-free imports to power projects

EXPRESSIONS
Stick to formula -- Racing regulars may be the best bet
`MSE is going through a bad phase'

MARKETS
Amex Info IPO oversubscribed 5 times
NSE shuts 30 terminals on margin hiccups

LEISURE
Britannia plans to unwrap Tiger variants
GM, Suzuki to unveil `Asia car'



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