Wednesday, October 28, 1998
NTPC drops move to pick up stake in Petronet LNG
National Thermal Power Corporation has called off its talks with Petronet LNG for picking up a stake as the fifth joint-venture partner. Sources say negotiations have fallen through after Petronet LNG refused to accommodate NTPC's plea of a 26% stake in the consortium.
Lever clocks Rs 223cr net; Bajaj Auto net spurts; Telco pares losses
Corporate results announced by bellwether firms in the first half of the financial year are as varied as chalk and cheese that spotting an underlying pattern among them could prove to be a truly onerous and unenviable task. While Hindustan Lever has recorded a healthy net profit of above Rs 223 crore in the third quarter, trucks major Telco had to remain content with paring its losses in the second quarter.
State Bank, TNEB spar on charge over receivables
After the escrow row with the Industrial Development Bank of India (IDBI), Tamil Nadu Electricity Board (TNEB) has another battle on its hand with the State Bank of India (SBI). This time on the `lien on receivables' issue.
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