The Indian Express
The Financial Express
Latest News
World News
EIW
Market Indicators
Screen
Celebrity Chat
Express Computers
Advertisers Forum
Career India
Business Forum
Match Maker
Express Properties
Travel & Tourism
Information Technology
Astrosurf
Eco-India
Dr Know
Graffiti
Crossword
Drumbeat: Ad Buzzaar
|
Sunday, May 17, 1998
| |
Skindia GDR Index dips 10.29% to 859.33 points
The tremors from the Pokharan blasts could be felt in the secondary markets throughout last week with the negative sentiments hitting the GDR markets as well. The "panic-selling" strategy used by operators in the GDR market saw the Skindia GDR Index nosedive by 10.29 per cent to close at 859.33 points on May 14.
 |
|
Badla rates dip to a new low of 11%
The nuclear tests conducted by the government and the resultant US sanctions took its toll on the Bombay Stock Exchange's (BSE) carryforward positions reflecting on the weakening of badla rates. Panic selling and heavy bull liquidation during the week ended May 15, saw the carryforward rates trade at a new low of 11% before stabilising at 16% annualised, for an average outstanding position of Rs 826 crore.
|
 |
GIC Group to unveil offshore fund to finance agri business
The US-based GIC Group which specialises in international trade, investment and marketing will soon float an offshore fund to finance agri business in India. The size of the proposed fund will be Rs 100 crore initially and will be raised to Rs 200 crore subsequently. The company has identified sunrise industries like food processing, poultry, floriculture, meat processing, dairy, frozen vegetables and sugar for the purpose of financing.
|
Excel Realty to acquire New Plan for $1.36 billion
Excel Realty Trust Inc, an aggressive California shopping centre company, announced plans to buy New York-based New Plan Realty Trust for $1.36 billion in stock. The transaction will create the nation's largest real estate investment trust (REIT) for local shopping centers, commonly called "strip malls".
|
|
|
|
