The Financial Express -- News

Monday, June 2 1997

Gujral may move Russia for Iisco update

Prime Minister Inder Kumar Gujral will take initiatives to get the Russian finance ministry to approve release of funds from the rupee-rouble escrow account for the modernisation of Indian Iron & Steel Company (Iisco), according to Steel Authority of India Ltd sources.

Infrastructure Bond Issue

Hindustan Petroleum plans tank farm at Jawaharlal Nehru port

Oil major Hindustan Petroleum Corporation pans to set up a tank farm at the Jawarharlal Nehru Port for storing high speed diesel and superior kerosene oil. The storage capacity of the tank farm will be around 1.5 lakh kilo litres.

Merchant bankers likely to lose licences

After two years of total lack of business, 130 merchant bankers will face suspension of their licences. The market regulator will soon shoot off show cause notices seeking explanations as to why their licences should not be cancelled for failing to meet underwriting commitments made earlier.

Getting sweeter and sweeter

Hoechst forges marketing alliance with Ranbaxy