Wednesday, July 28, 1999
Govt sets up new body on FDI
The Union Cabinet has decided to set up a Foreign Investment Implementation Authority (FIIA) to act as a single point interface between the investor and the various government agencies.
Govt sits on decision to hike diesel price
With elections round the corner, the government appears to have decided to keep the much-needed hike in diesel prices in abeyance.
Wockhardt to split into two companies
The Rs 770-crore pharma firm, Wockhardt Ltd has announced de-merger of the company into a pharmaceutical company and a life science business. The two are expected to start functioning as two separate entities from January 2000 onwards.
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