The Telegraph
Since 1st March, 1999
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Business Briefs

Tata-BP pact on Dabhol

Mumbai, March 10: Tata Power Company (TPC) has tied up with British oil major BP for a “joint evaluation” of Dabhol Power project that has been lying idle and deteriorating for several months. “We have teamed up with BP to make a joint effort for finding an economically viable solution towards the restructuring of the project,” TPC managing director Firdose Vandrevala said.

Morepen GDR

New Delhi, March 10: Morepen Laboratories today announced a global depository receipt (GDR) issue and the demerger of its fast moving health goods arm, Dr Morepen, into a separate entity.

Aptech board

Mumbai, March 10: Following acquisition of the Nishar family’s promoter stake in Aptech Ltd by Chennai-based SSI Ltd, Kalpathi S. Suresh and six others have joined the company’s board as directors.

LNG import

New Delhi, March 10: Indian companies are likely to send across the message to foreign suppliers of liquefied natural gas (LNG) that they can afford to import the gas only if it is delivered at a price below $ 3.5 per million British thermal units.

State Bank stir

Calcutta, March 10: State Bank of India (SBI) employees in Calcutta today threatened to launch a fresh agitation if the management failed to bring in the promised 50 per cent of total forex business back to the city.

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