The Telegraph
Since 1st March, 1999
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Business Briefs

Oil prices to go up further

Patna, Sept. 29: Petroleum and natural gas minister Ram Naik today said there was a possibility of a further increase in prices of petroleum products barring kerosene and LPG cylinders from next month. The petrol companies would be “forced” to hike the prices of petrol and diesel as the prices of these two products have increased in the international market by 50 per cent in six months — from $ 20 a barrel in March to $ 30 a barrel this month, he said here today.

SCI selloff

Calcutta, Sept. 29: The disinvestment in Shipping Corporation of India (SCI) was 90 per cent over and expected to be completed by December-January, shipping minister Vedprakash Goyal said today.

Dividend claim

New Delhi, Sept. 29: The government today said unpaid and unclaimed dividend for seven years, and not three years, need to be put in Investor Education and Protection Fund.

UB venture

New Delhi, Sept. 29: Vijay Mallya’s UB group today said it was evaluating various proposals from local investors for diluting its stake to 51 per cent from 76 per cent at present in South African joint venture company United National Breweries.

BSNL roaming

New Delhi, Sept. 29: Bharat Sanchar Nigam Limited, which is readying itself for launch of its cellular services, is planning to enter into a roaming agreement with Mahanagar Telephone Nigam Ltd to offer its CellOne cellular customers all-India roaming from day one of operations.

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