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Friday, August 6, 1999

SBI proposes M&A financing
State Bank of India proposes to finance mergers and acquisitions once the requisite regulations are framed, its chairman GG Vaidya said here today.

VSNL cuts internet rates by 15%
In a major move aimed at upstaging MTNL and consolidating its position, Videsh Sanchar Nigam Ltd has slashed internet tariffs by 15% and introduced discounted packages for leased line and dial-up access.

Sensex sheds 42 points
After a better spell, pivotals on the Bombay Stock Exchange reacted today on emergence of profit-taking pushing the Sensex down by 43 points.


Space available for lease at Express Towers

Corporate Results


  Stanchart profit dips 35%
  Bizbits
  US-64 ups pharma, IT, FMCG stake
  Weakening dollar raises alarm in US
  SEBI bars SonySec for rigging
  Wipro, KPN ink internet JV
  Enfield launches Machismo A 350
  Brandspeak -- Pune
  Indo Mobil launches engine oils
  Ecoboard resumes production
  Thermax ties up with Ozone Processes to check pollution
  Walden's equity investment



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