
Tuesday, May 18, 1999
IOC's order extends diesel imports till July; puts off export competition
The state-owned Indian Oil Corp's (IOC) tender to buy spot diesel for July has extended the country's import demand longer than had been expected and postpones export competition between Asian refiners, traders said.
Yashwant Sinha promises soft stand on tax sops for mergers
Finance minister Yashwant Sinha said that the Government would adopt a liberal attitude while providing tax clearances for mergers, demergers and amalgamation of Indian companies.
Kumar Mangalam is new Indo-British panel chief
The Aditya Birla group chairman Kumar Mangalam Birla is new Indo-British panel chief, from the Indian side. From the British side, The National Grid Co, UK chairman David Jefferies will take over as the co-chairman.
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