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Corporate Economy Expressions Markets Leisure Thursday, March 19, 1998   Raasi to defer counter-offer to ICL bid The promoters of Raasi Cements have decided to defer a counter-offer in response to the India Cements open bid, following legal opinion that such a move would be tantamount to contempt of the Andhra Pradesh high court order.   NSE to seek members' go ahead to make paperless trading compulsory post April 6 The National Stock Exchange (NSE) plans to approach members for a consensus on compulsory demat trading on the bourse in certain securities post April 6 in a bid to enable investors to exit from their securities in the demat mode which is currently plagued by low liquidity. Consequently, dematerialised shares would be allowed to be delivered in the physical segment as well. Deloitte Touche Tohmatsu formalises tie-up with CC Chokshi CC Chokshi, set up in 1940 and one of the top accounting firms in India, will shortly lose its identity to the US-based $7-billion Deloitte Touche Tohmatsu International (DTTI), one of the five largest firms globally. Both DTTI and CCC were associated with each other since 1983. BJP's national agenda against foreign direct investment in non-priority areas Continuation of the reform process but with a "strong swadeshi thrust", priority to removal of unemployment, accelerating infrastructure development, raising GDP growth rate to 7-8%, controlling deficits and earmarking 60% of Plan funds for the farm sector are the major highlights of the economic agenda of the new BJP-led coalition government.   "City ideal as offshore financial unit" The Confederation of Indian Industry (CII) has stressed the need for development of Mumbai as an offshore financial centre (OFC) to attract cash/foreign currency, earn higher local operating expenditure, integrate and improve creditworthiness of the country, develop markets and above all attract high networth individuals/businesses. IBP to go ahead with public issue IBP, the stand-alone oil marketing company, will go ahead with its public issue before any decision is taken to reduce government holding to 26%. The issue will bring down the centre's stake from the current 60% to 51%.   CORPORATE Novartis, Upjohn tie up for vet products ECONOMY FICCI recommends export-oriented foreign investment policy to shore up earnings India website creating new business for exporters EXPRESSIONS Globalisation of national security Carbon black needs protection MARKETS BSE may introduce derivatives trading Relax disclosure norms in offer documents: AMFI LEISURE Research integral to marketing logic today Use search engines, ads to ensure your site's popularity