Postal strike enters fifth day
The indefinite postal strike continued to disrupt mail services for the fifth day on Saturday with the employees' unions refusing to withdraw the stir till their demands related to wage revision and other benefits were accepted. They claimed that the strike was continuing successfully everywhere on the fifth day. Representatives of the three federations which have called the strike had met labour minister SN Jatiya on Friday to once again explain their stand.

Garware released after five days of captivity
Industrialist Harish Garware, who along with his driver was released by his captors near Lonawala on friday, was brought back to Pune on Saturday. "We have no information of any ransom being paid and suspect that the industrialist was released on promise of payment," Assistant Commissioner of Police MC Mulani said. Garware, along with his driver, was kidnapped by some unidentified persons on December 5 for a ransom of Rs one crore.

No move to pick stake in HTL: Wipro
Wipro on Saturday said it had dropped a proposal to acquire a majority stake in the public sector Hindustan Teleprinters Limited. The company had dropped the idea after evaluation, Wipro Chairman Azim Premji told a press conference in Chennai. The Union government had, two years ago, decided to disinvest in the public sector undertaking and HTL was looking for a strategic partner.

RBI to enhance T-Bills auction amount
The Reserve Bank of India has decided to enhance the notified amount for auction of 364-day Treasury Bills from Rs 500 crore to Rs 750 crore for the remaining part of the financial year - from now to March 2001. The enhancement follows the demand from the players in the money market to increase the amount as well as to mop up the liquidity.