Wednesday, July 29, 1998
Telco plunges into red in Q1
Tata Engineering and Locomotive Company (Telco), the country's largest automobile company, has suffered a severe setback in its performance by posting a net loss of Rs 35.63 crore during the first quarter (Q1) of the current financial year compared to a net profit of Rs 90.50 crore in the same period of last year.
SBI yet to get US nod for RIBs
Even as the US Securities Exchange Commission (SEC) is yet to decide on the fate of the State Bank of India (SBI) Resurgent India Bonds (RIBs) in the US, the bank has embarked upon the second phase of marketing for the bonds.
TRAI attempt to raise funds gets mired in objections
The Telecom Regulatory Authority of India's (TRAI) attempts to raise funds for its operations may run into rough weather with the DoT and private telecom operators raising objections to TRAI's funding plans.
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