Friday, March 26, 1999
Hegde, FM finalise Exim policy
Commerce Minister Ramakrishna Hegde had a hour-long meeting with Finance Minister Yashwant Sinha to fine tune financial and revenue issues in the Exim policy modification, to be announced on March 31.
Alcatel to buy out ModiCorp stake for Rs 35 cr
Alcatel is to buy out 49% stake of BK Modi-controlled ModiCorp in Alcatel Modi Network Systems. Alcatel will shell out about Rs 35 crore to buy the stake, which will make Alcatel Modi Network its wholly-owned subsidiary.
Parekh blames in on Executive Director
The sacked president of the Bombay Stock Exchange and its executive director have passed the blame on each other for the price rigging and the resultant payment crisis. While executive director R C Mathur has laid the blame at the doorsteps of outgoing president J C Parekh, the latter has shifted the onus on Mathur for all the wrong-doings.
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