The Indian Express -- Business

Tuesday, May 20 1997

FOREX RATES INDICES STOCK

Gas flares as Enron, GAIL impasse continues

The stand-off between Enron Oil & Gas Company and Gas Authority of India (GAIL) over gas offtake from Tapti contract area continues with Enron threatening to announce its "inability to flow the natural gas" from the field.

CRB affair bares chinks in RBI armour

It is now abundantly clear that regulatory authorities have shown laxity in monitoring the operations of finance companies. The Reserve Bank of India (RBI), the regulator of finance companies, failed in plugging the loopholes thereby allowing the CRB bubble to burst.

Indal net profit dips 48%, to pay 40% dividend

Indian Aluminium Co Ltd on Monday reported a 48% drop in net profit for the year ending March 31, 1997. The net profit for the year fell to Rs 59.19 crore from Rs 114.24 crore in the corresponding period in 1995-96.

Left lobby keeps govt from sending jute packing

Ispat floats CD issue

IRA may control re-insurance business

Power ministry seeks private funds

UTI shows Rs 500 crore net outflow

BIZBITS

Sensex makes small gain

CRB fails to submit status report

Mesco promoter to dilute stake in MAL

CCFI nod for foreign equity in RIL project