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Friday, June 4, 1999

TFL picks up 22% in Tata AMC
Tata Finance Ltd, the marketing associate of Tata Mutual Fund (TMF), has picked up a 22% stake in its asset management company Tata Asset Management Ltd (TAM).

30-year lease of 4 airports mooted
The Task Force on Infrastructure has recommended scrapping of the corporatisation of four major airports and suggested that these should be modernised through a 30-year lease arrangement.

MRTPC absolves 5 PSU banks of charges
The Monopolies and Restrictive Trade Practices Commission (MRTPC) has discharged five nationalised banks from charges of restrictive trade practices in renting out safe deposit lockers to customers.



  Sensex improves further
  PC market booming, sales up 33%
  UAE Exchange launches GET
  Crisil downgrades Essar Shipping rating
  Sumitomo sues Chase Manhattan, UBS for loss
  TRAI seeks explanation from DoT
  GE Caps to set up IT services in AP
  Indian markets outdo other Asian bourses
  Piaggio name to go off LML
  Bizbits
  Biz file -- Chandigarh



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