The Indian Express -- Business

Monday, May 5 1997

FOREX RATES INDICES STOCK

IFCI to set up banking arm

The Industrial Finance Corporation of India, which recently slashed its prime lending rates to 15%, has decided to set up a banking arm to provide working capital loans to corporates.

Fresh political bumps keep nervous marketmen at bay

The stock markets are once again in a state of nervousness despite the return of Union finance minister P Chidambaram. A host of other factors like the political developments related to the fodder scam and the imminent petro price hike have put the markets on tenterhooks.

South Korean business groups prepare to invade India

A host of South Korean business groups plan to invest heavily in India through joint ventures and 100% subsidiaries, thereby catapulting this South-East Asian country to the second largest investor after the United States.

Inflation drops to 6.54%

Debt is yet safer bet

SERC norms to be binding on states

Digvijay's alibi for murder accused

Govt white paper on subsidy soon: FM

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