The Indian
Express
The Financial Express
Latest News
World News
EIW
Market Indicators
Screen
Express Computers
Graffiti
Crossword
Advertisers Forum
Travel & Tourism
Information Technology
Drumbeat: Ad Buzzaar
Astrosurf
Eco-India
Dr Know
Career India
Business Forum
Match Maker
Express Properties
|
Friday, May 8, 1998
| |
IDBI shows laggards way to realise call money
IDBI has come up with an unprecedented option for primary market laggards that have failed to raise calls on subscribed equity from investors subsequent to their public issues. IDBI has suggested that the original premium on the equity shares be reduced, and that those investors who have paid up their call be issued preference shares in lieu of the extra cash they have paid up.
|
|
ICICI Bank scrip has few takers despite good results
A good performance in fiscal 1998, including a 25% growth in net profit, has failed to enthuse investors in ICICI Bank's scrip on the bourses. The scrip is on a steady decline on the Bombay Stock Exchange (BSE) since its April 13 level of Rs 57. After touching a low of Rs 48, the scrip closed at Rs 48.50 yesterday, a loss of Rs 3 over the previous close.
|
 |
Birla Taxplan '98 mops up Rs 2 crore in 4 months
Yet another equity-linked saving scheme (ELSS) has been shunned by investors. The latest of the lot, Birla Taxplan '98 from Birla Mutual Fund which was launched in December 1998 and closed for subscription on March 31, 1998, has managed to collect only Rs 2 crore during the four months that it was open for subscription.
|
FM misled by secretary on DR Mehta's term'
The Union finance minister and the appointment committee of cabinet (ACC) were misled by the finance secretary about the tenure of DR Mehta as the chairman of the Securities and Exchange Board of India (SEBI). According to the SEBI Act, a chairman can be appointed for only three years, but Mehta was given a five-year term on February 21, 1998.
|
|
|
|
