The Indian Express -- Business

Wednesday, May 7 1997

FOREX RATES INDICES STOCK

Cos can tap public funds for buy-back of shares

According to the working draft of the Companies Bill, a company shall have the right to buy back its own shares or other specified securities from out of its free reserves, securities premium account or the proceeds of a prior issue made specifically for the purpose of buy back.

Govt gives more powers to healthy PSUs

The government has enhanced the powers of the profit-making public enterprises to incur capital expenditure without its prior approval.

Core group to draft FISE action plan

The Federation of Indian Stock Exchanges has decided to constitute a core group to draft the action plan for the federation. The group will cover the entire ambit of market-related operations, said Ramachandra, executive director, Bangalore Stock Exchange.

Sensex gains 24 points

Heavy fine for dividend defaulters

PSU profits up 37%, ONGC tops list

Petro price hike likely by weekend

IPR vital for FDI: Sachs

Poor to be hit more from subsidies

Century profits plummet

PHL may delay NE project

Report bemoans high unmerited subsidies

1:2 bonus from Indian Rayon

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