IA sell-off: Shareholders' pact on Modern Foods model
THE recent shareholders' agreement entered into by the Government with Hindustan Lever Ltd (HLL) for the disinvestment in Modern Foods Industries Ltd (MFIL) would form the basis for a similar agreement to be drawn up for disinvestment in the domestic car rier, Indian Airlines.

GDP growth to top 6 pc: Sinha -- Hopes on winter crop, timely rainfall
THE Finance Minister, Mr. Yashwant Sinha, said on Saturday the economy's growth in the current fiscal would be over 6 per cent as against the 5.9 per cent GDP growth forecast in the ``advance estimates'' released by the Central Statistical Organisation ( CSO) on Friday.

India-UK air pact `boon' for Virgin Air
THE recent air services bilateral agreement agreed to by India and the UK has come as a boon for Virgin Atlantic Airlines (VAA) which is scheduled to launch a thrice-a-week service on the India-London sector in July this year.

RBI to release daily data on money markets
THE Reserve Bank of India (RBI) has decided to release data on call, notice and term money market and liquidity support from its open market operations on a daily basis after taking into account suggestions from market participants.

GM shortlists 3 models for next offering
GENERAL Motors India (GMI) has shortlisted three vehicles, out of which one will be chosen as its next offering in the Indian market.

Hike withheld
NEW DELHI: The Ministry of Railways has decided to withhold the implementation of the freight rate hike for transportation of magazine parcels. The rate hike came into force from February 1. _ Our Bureau

Pick A Winner Stock Contest
The DSQ Biotech scrip has posted the highest gain of 330.83 per cent among the entries received for the month of January 2000. The share price of the company moved up from Rs. 59.35 to Rs. 255.7 during this period.

Traditional items' export growth stays sluggish
IN spite of the 17.2 per cent export growth registered in December 1999 over December 1998 in rupee terms, the Commerce Ministry is concerned over the continued poor growth of important traditional items such as textiles, plantation crops, particularly t ea and coffee, and oilmeals which will have an adverse impact on overall exports in view of their lion's share in total exports.

1:1 bonus from Unichem Labs
THE board of directors of Unichem Laboratories Ltd has recommended a bonus issue of one share for every share held.

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