Saturday, October 17, 1998
Star to step up Channel V stake to 60%
The Rupert Murdoch-owned Star TV is increasing its stake in Channel V to 60% from 50%. The channel's paid-up equity is being expanded in which the existing holdings of BMG and Warner are likely to go down from 12.5%.
Human error prime reason for air accidents: experts
Around 70% of accidents in air are due to the human factor and almost all of these are avoidable, industry experts said at a seminar yesterday. Most accidents can be avoided if utmost caution is taken and standards of safety norms are enhanced.
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