Saturday, April 17, 1999
VSNL to rework revenue-sharing terms for ICO Global venture
The Videsh Sanchar Nigam (VSNL) has decided to rework the terms of revenue sharing for the distribution joint venture it would set up with a private telecom operator for ICO Global's satellite telephony.
Ballarpur Industries Q2 net jumps to Rs 5.26 crore
L M Thapar on Friday stepped down as managing director of Thapar group flagship Ballarpur Industries Ltd, paving the way for his nephew Gautam Thapar to takeover the reins of the largest paper company in the country.
Namaste Exports comes under BIFR microscope
The Board for Industrial and Financial Reconstruction (BIFR) has declared Namaste Exports Ltd (NEL) a sick company and appointed Industrial Development Bank of India (IDBI) as the operating agency for reviving the company.
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