Monday, September 21, 1998
HPCL files Rs 270 cr insurance claim for Vizag refinery blaze
The state-owned Hindustan Petroleum Corporation Ltd (HPCL) has made an insurance claim of Rs 270 crore for the damage its refinery suffered from a blaze in September last year that left 60 dead.
Auditors qualify McDowell accounts
The auditors of McDowell & Co Ltd, belonging to Vijay Mallya's UB group, have qualified the 100th balance sheet of the company (for the year 1997-98) on several points including capital advances and overdue loans and advances.
Inflation drops to 8.09 pc
The annual rate of inflation fell sharply to 8.09 per cent despite steep hike in prices of primary food articles for the week ended September 5. Inflation, based on wholesale price index (WPI), had touched a 148-week high of 8.78 per cent (provisional) last week. The previous highest was 8.83 per cent in November 4, 1995.
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