Thursday, August 5, 1999
IDBI saddled with excess funds, low morale
The Industrial Development Bank of India is caught in a pincer of too much cash and too few avenues for profitable deployment. It is sitting on around Rs 5,000 crore of cash balances on which it is earning negative returns.
Centre may offer 40% in SCI to strategic ally
The Government may sell 50% of its holding in the Rs 2,500-crore Shipping Corporation of India to a strategic partner. This amounts to offering 40% of the company's shareholding.
SEBI treads cautious demat path as fears of fake shares loom
The fear of fake and forged shares finding their way into the system through the demat route has forced the market regulator to exercise caution in dealing with the dematerialisation backlog.
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