IT Update
Centre to invite financial bids for Balco sale within a week The government will call financial bids within a week for the sale of profit-making Bharat Aluminium Company Ltd (Balco). FIs to offload 12% in Gesco in favour of Sheth-Mahindras The three leading financial institutions, LIC, GIC and UTI, have decided to offload their entire stake of 12% in favour of the Sheth-Mahindra combine at the new offer price of Rs 54. Indian Hotels to buy stake in Cairo property IHCL has entered into a strategic partnership with a Cairo-based diversified group to acquire an equity stake in its hotel property in Cairo. Gail to invest Rs 350 cr in optic fibre cable project The state-run Gas Authority of India Limited (Gail), whose turnover has increased to Rs 8,415 crore during 1999-00, has firmed up an investment plan of Rs 350 crore to lay OFC spreading over 6,000 km by the end of 2003. Desk rage incidents erupt in more offices For months, Costas Tsolkas kept his frustration over long hours, cramped quarters and rushed deadlines at a New York Internet company under wraps.
Centre to invite financial bids for Balco sale within a week
FIs to offload 12% in Gesco in favour of Sheth-Mahindras
Indian Hotels to buy stake in Cairo property
Gail to invest Rs 350 cr in optic fibre cable project
Desk rage incidents erupt in more offices