Sunday, April 25, 1999
Corporate results upbeat, this makes current slump more depr
If you needed any more proof of the disaster that the country's politicians have wrought on the economy we suggest you take a look at the corporate results that have been pouring in over the past couple of weeks.
L&T likely to make another offer for NCCL
Larsen & Toubro, which now holds a 74.5% stake in the Narmada Cement Company, is likely to make a voluntary open offer to the remaining shareholders of NCCL.
Skindia GDR index falls by 11 per cent
Political uncertainties led to a sharp decline in the values of the Indian paper listed at the GDR markets. The average premiums of the 63 GDRs comprising the Skindia GDR index declined from 12.6% on April 22 from a high of 13.22% registered on April 15.
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