Saturday, September 25, 1999
Zee buys out Star's ATL for $ 296 mn
In one of the biggest corporate deals in the country, Rupert Murdoch-owned News Corp subsidiary Star TV on Friday announced that it has sold its 50% holding each in Asia Today Ltd, software maker Patco and Siticable cable network to Zee Telefilms Ltd (ZTL) for about US $ 296.51 million.
Ambani assures shareholders good returns on RPL
Reliance Petroleum investors can expect a good return as RPL's refinery in Jamnagar, which has commenced operation, was likely to generate a turnover of Rs 22,000 crore during the first year itself, chairman Dhirubhai Ambani said.
NSE to set up IT arm
The National Stock Exchange of India Ltd (NSE) has decided to set up an information technology (IT) company to develop and service the growing requirements of the domestic securities industry.
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