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Saturday, September 18, 1999

TRAI has post-dated good news for cellphone users
There's good news for cellphone users. Your phone bills will look a lot better beginning November 1, as monthly rentals fall from the present Rs 600 a month to Rs 475 in the four metros (Rs 500 for the rest of India).

Tata Tea to float SPV to buy Tetley
Tata Tea Ltd would float a special purpose vehicle (SPV) for funding acquisition of controlling stake in UK-based Tetley Ltd, a global player in the tea industry.

Govt mulls divestment in NTPC, Power Grid
Notwithstanding the objection of the Disinvestment Commission, the Government is considering divesting equity in the National Thermal Power Corporation (NTPC) and Power Grid Corporation of India Ltd (PGCIL).


Corporate Results


  Sensex recovers 47 points
  3-wheeler cos to phase out old models
  Reliance case adjourned
  Gold deposit plan may slow down imports
  Subhash Chandra gets award
  OTCEI decides to take up NSE membership



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