Friday, December 25, 1998
Govt throws open 48 oil blocks under NELP
The Government on Thursday announced opening up of 48 blocks in various parts of the country to both domestic and foreign companies under the New Exploration Licensing Policy for exploring oil and natural gas.
Panels for IA-AI synergy set up
The Government has formed ten sub-committees to increase `synergy' between various departments of Indian Airlines (IA) and Air India (AI). A move which has created ripples since the joint board of directors of the airlines got a midnight sacking from the Government for pursuing this very course of action.
ITC hikes ITC Bhadra stake to 51%
Tobacco giant ITC has raised its stake in paper and paperboards subsidiary, ITC Bhadrachalam Paperboards, from 37 per cent to 51 per cent through a preferential allotment of equity shares.
|
|
