Stanilite Asks Nab To Appoint Receiver

Troubled electronics and communications group Stanilite Pacific Ltd yesterday requested its banker, National Australia Bank, to appoint a receiver after the collapse of a key contract with Argentina's biggest cellular phone group. Successful renegotiation of the $34-million contract secured last

Indian Trading Giant Woos Telstra

The giant British-Indian Hinduja group, having failed to lure Telstra into a cellular-phone venture in Madras, is now trying to get the national carrier to join it in developing cable telephony in Bombay. According to Mr Ashok Hinduja, the youngest of four brothers who run Hinduja, the $US11 bi