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Since 1st March, 1999
 
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Business Briefs

Core sector up 4.5%

New Delhi, Dec. 27: The core sector grew by 4.5 per cent in October as decline in crude petroleum and petroleum refinery pulled down the numbers from 9.9 per cent during the same period last year. The growth was lower than the September figures of 5.5 per cent. The six key infrastructure sectors spanning cement, crude, refining, coal, electricity and steel grew by 6.2 per cent between April and October this year compared with 8.9 per cent in the same year-ago period.

Dunlop status

Calcutta, Dec. 27: Madras High Court has declared that tyre manufacturer Dunlop India was out of the purview of Sick Industrial Companies (special provisions) Act 1985. A company release said as on March 31, the net worth of Dunlop had become positive and the entire accumulated loss had been wiped out.

GAIL bid

New Delhi, Dec. 27: GAIL today said it would bid jointly with the country's second biggest oil explorer Oil India Ltd for oil and gas blocks offered under the seventh round of New Exploration Licensing Policy.

Monopoly

New Delhi, Dec. 27: The government will ask the MRTPC, the anti-monopoly watchdog, to investigate monopolisation in shipping, transport and tyre industry and take appropriate action.

NMDC shares

Mumbai, Dec. 27: NMDC Ltd, which has gained about 16 per cent on the stock market in the last 30 days, today said it would issue bonus shares in the ratio of 1:2.

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