The Financial Express -- News

Sunday, May 4 1997

Gujral hints at economic policy corrections

Prime Minister I K Gujral has hinted at some major course correction in the economic policy. In an indirect admission, he said that the new economic policy had been heaping on the poor, and added that his government would not approve of policies going against the tenets set by Mahatma Gandhi.

Infrastructure Bond Issue

Deutsche Bank knocks SEBI door for stock lending

The Deutsche Bank has made an application to the Securities and Exchange Board of India seeking to become a stock lending intermediary. Deutsche Bank is the third entity that applied to become a stock lending intermediary, the other two being -- Stock Holding Corporation of India and Reliance Capital Ltd.

Arvind Mills doubles denim capacity to 120 million metres

Arvind Mills has doubled its capacity to 120 million metres, making it the third largest denim manufacturer in the world. This will help it cater to the growing denim jeans market which is expected to maintain a 25% to 30% growth over the next five years, according to its president, Anand M Parekh.

Garment exports overshoot target as growth slides

Ibrahim keen on airport plan: Patel