The Indian Express -- Business

Friday, May 9 1997

FOREX RATES INDICES STOCK

S&P acquires 9.6% stake in Crisil

Leading international credit rating agency, Standard & Poor's of the $3.6 billion McGraw-Hill Companies, has taken 9.6% stake in India's leading rating agency, Credit Rating Information Services of India Ltd, which has a 70% share.

Industry welcomes FM move to cut subsidy

Industry associations have welcomed the proposals made in the White Paper on reducing subsidies setting the economy back by nearly Rs 1,40,000 crore. The CII said the new law would provide for greater flexibility and self-regulation among companies, besides ensuring transparency.

Govt borrowings may put pressure on interest rates

The high level of government borrowings are once again threatening to push up the interest rates. With the government actively borrowing from the market to meet its non-plan expenditure, the demand for money has already created a dent on the liquidity in the system.

Plan for futures market in coffee

Decontrol to affect pvt refineries' returns: BZW report

Bizbits -- Six steel plants to start in '97

FM blocks MoST bid to mop more revenue from petrol

SFL net profit falls steeply in second half

Cotton production likely to fall: ICAC

CII chief forecasts revival of industry's fortunes

Powergrid plan

Hind Motors net dips to Rs 39 cr

AMBI-Sebi talks on SRO

Software stocks rally on tax sops

Sipani told to pay huge compensation

Shares move up in kerb deals

Bank shares buoyant

All The India You Want To Know