Thursday, April 15, 1999
FIs put condition for JCT recast
Financial institutions may ask JCT Ltd to make some repayment of the money proposed to be raised by the company from sale of assets as a precondition for approving its debt restructuring proposal.
Corporates shifting offices to pare costs
Corporate India has decided to shift to the suburbs from the central business districts (CBDs) - particularly in Mumbai and Delhi - in order to cut costs and survive the ongoing recession as suburbs are offering superior office space at cheaper rates as compared to saturated CBDs.
Industry, markets turn nervous
The ongoing political turmoil showing signs of deepening, corporate leaders asked political parties to bring about an early end to the current political uncertainty, saying stable governance was crucial to economic growth and recovery.
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