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Wednesday, May 3, 2000



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MTNL to start cell servives by June
Public sector Mahanagar Telephone Nigam Ltd (MTNL) will be on schedule with its cellular services by the scheduled date of June.




Inudstry on recovery path -- CII
The Confederation of Indian Industry (CII) on Tuesday said the industry is firmly on the road to recovery with major sectors reporting strong growth in production, sales and exports during 1999/2000 (April-March).




MTNL sees NYSE listing in June
India's state-run Mahanagar Telephone Nigam Ltd (MTNL) has completed its filing with the US Securities and Exchange Commission and expects to list its share on the New York Stock Exchange (NYSE) around the third week of June.




Other headlines

Gillette's to hike stake in ISPL
Mobile phone subscriber base at 1.9 mn with 88 pc growth
Mutual Fund investors fortunes eroding
Rampant misuse of Modvat credit facility
UB to hive off beer unit, sell Hoechst, MCF stakes
Drought drags Sensex down to 6-month low


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