Entry of cellular operators okayed
The Union Cabinet on Friday permitted entry of new cellular and fixed telephone providers on a revenue sharing basis and a one-time entry fee. The Cabinet also recommended continuation of the existing contracts with basic and cellular licence holders.

FIs to sacrifice Rs 356 crore in Flex `bail-out'
Financial institutions are working overtime to bail out Flex Industries -- which has already become a defaulter to lenders with losses in excess of Rs 120 crore in the current year -- by proposing unprecedented reliefs and concessions.

KSEB is heading for debt trap
The Kerala State Electricity Board (KSEB), which till date rated as one of the sound SEBs, is heading for a debt trap if the board's budget estimates for the year 1999-2000 has anything to go by.

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