The Indian Express -- Business

Sunday, May 25 1997

FOREX RATES INDICES STOCK

ABB absorbs Lenzohm

ABB, the international electrical engineering company, has acquired a 51% equity stake in Lenzohm Electrical Engineering Company Pvt Ltd with the aim of enhancing its `service' profile in India. The new company will be called ABB Lenzohm Service Ltd.

JT Mobiles takes the ADR route

Close on the heels of BPL Cellular's American Depository Receipts (ADR) issue, JT Mobiles plans to come out with a $200 million ADR issue. JT Mobiles is one of the cellular operators for Karnataka and Andhra Pradesh.

Merchant bankers on SEBI hit-list

The Securities & Exchange Board of India (SEBI) has drawn up a list of 120 merchant bankers in categories I, II and III who have not kept their underwriting commitments in over 50 issues and where a prima facie case exists for penalising them according to the provisions of the SEBI Act.

Bizbits -- Hudco public deposit scheme soon

Weeding out the problems in wheat supplies

Badla rates hover at 7 %

Investors' loss at Rs 390 cr: RBI

Exporters of plastic seek zero-duty window

Riding a liberal policy, gold demand reaches record high