Unions blame CII for creating huge NPAs
The All India Bank Employees' Association (AIBEA) has said the Confederation of Indian Industry's (CII) suggestion to close down Uco Bank, United Bank and Indian Bank.



BSE comes out with new corporatisation plan
The BSE has taken an in-principle decision to corporatise and then demutualise (separate trading rights and ownership of the exchange) its membership structure. The plan, if found feasible, will be implemented by December 2000.



IPCL divestment by Feb
The strategic disinvestment of state-owned IPCL may be completed before the enactment of the newly drafted competition laws, which would aim at curbing monopolistic formations in the corporate sector.



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