
Tuesday, November 17, 1998
Shake-out in NBFC industry to speed up
Recommendations of the Vasudev Commiittee to review the regulatory framework of non-banking finance companies (NBFCs) will only speed up the on-going shakeout in the industry, analysts have said.
RBI mops up Rs 5,000 crore via open-market operations
The Reserve Bank of India (RBI) sold an estimated Rs 5,000 crore through the Open Market Operations (OMOs) in the fortnight ended November 15, said ICICI-Securities in its latest Debt Market update.
Scrips of Indian subsidiaries zoom on merger expectations
Speculators continued to believe that a marriage between Hoechst Marion Roussel and Rhone Poulenc was possible though the overseas companies strongly denied any such move.
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