The Financial Express -- Corporate

Wednesday, August 20 1997

Darbari Seth quits ACC board

Darbari Seth, one of the patriarchs of the Tata group, has stepped down from the board of ACC Ltd, India's largest cement company. He had been inducted into the company's board in 1988 and played a major role in the revival of ACC.

Tata Chemicals net down 36 per cent

Tata Chemicals has posted a 36.05% drop in net profit to Rs 252.32 crore for the year ended March, 1997, as compared to Rs 394.56 crore in the previous year. Sales and operating income rose marginally to Rs 1,623 crore as against Rs 1,555.65 crore last year.

Crisil downgrades ITC Bhadrachalam, Woolworth India debt programme

The Credit Rating Information Services of India has downgraded the debt instruments of ITC Bhadrachalam Paperboards and Woolworth India. The rating agency has downgraded the fixed deposit programme of ITC Bhadrachalam Paperboards from FAAA to FAA.

Jaguar eyes small car segment, launches study

Sebi starts probe in Asian Paints deal

The Index -- ICI-Asian Paints

Kerala rubber dealers down shutters

Foreign lenders seek `agent' status in telecom ventures

IA points to falling insurance cover to defend safety record

Daimler clarifies status on free service offer

Tektronix Inc move to delist subsidiary flops

Amfi defines short sale transactions by mutual funds

Microsoft buy subject of US department of justice probe

Can Fin Homes offers loan to help clear dues

Sun Micro to take on Compaq, Dell with new servers