Sunday, August 16, 1998
Skindia GDR Index down 11% on political flux
Sixty-five Indian GDRs took a beating during the week ended August 13, with their prices falling by 7.11%. The fall in the share prices of those securities was less pronounced at 2.12%. The Skindia GDR Index hit an all-time low of 558.51 while the Sensex touched a 20-month low.
Crisil, Icra appointed as vetting agencies for Maharashtra's slum-rehabilitation
Shivshahi Punarvasan Prakalp (SSPP), a special purpose vehicle floated by the Maharashtra government to provide two lakh houses free under the slums rehabilitation scheme, has appointed Crisil and Icra as vetting agencies. MODE has been roped in to conduct a study of the project which is likely to kick off from October 2.
SBI may announce Resurgent bonds closure tomorrow
The State Bank of India may announce closure of the Resurgent India Bond issue on Monday itself, the earliest closing day for the bond issue, if the collection figure cross the targeted $2 billion. The bank expects large number of subscription to come in on Monday. As on Saturday, the total subscription was in the region of $1.2 to $1.5 billion.
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