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June 8, 1995
Reliance Industries is poised for a major entry into the telecom service sector, bidding for cellular mobile phone services in 18 of the 20 telecom circles opened up for the private sector. At the end of an exciting long day of opening of the 33 listed bid documents, officials announced that Reliance Telecom, in collaboration with Nynex of US, has bid for all circles barring Jammu and Kashmir and Andaman Nicobar. Reliance Telecom was the sole bidder for Assam and West Bengal circles, which may otherwise have been out of the cellular service map.
KAPL gets notice for bad deliveries
The Cochin Stock Exchange (CSE) has served a show-cause notice to the Aluva-based Kerala Ayurvedic Pharmacy Ltd (KAPL), the star performer during last week's trading, seeking reasons for the return of thousands of share certificates as bad deliveries. There were 22.23 lakh transactions in the scrip during the last settlement period, the largest at the bourse. For the last two weeks it headed the list in terms of total volume of transactions. Most of the transactions were to the Bombay Stock Exchange.
“Bright outlook for cement industry”
With ambitious capacity expansion plans in the cement industry, the all-India scenario casts a balanced supply and demand picture, according to a report prepared by CS First Boston. Strong cement demand growth emanating from continuing reform, strong economic growth and low per capita consumption is also being accompanied by a tremendous surge in installed capacity. Cement production capacity is expected to increase by over 30 per cent to 95 million tonnes by 1996-97 also leading to a 28-per cent increase in production.
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