The Indian Express -- Business

Saturday, June 7 1997

FOREX RATES INDICES STOCK

Naphtha-based power projects in jeopardy

The government's in-principle decision to charge import-parity prices for naphtha for power projects will hit the naphtha-based projects which were expected to come up in the Ninth Plan.

IOC raises $500 mn ECB

The public sector Indian Oil Corporation has gone for external commercial borrowing for a $500 million to finance its import of petroleum products for the early part of the current fiscal.

Convertibility by 2000, hopes FM

Union finance minister P Chidambaram has said the Reserve Bank of India (RBI) committee had set the government a stiff criteria of fiscal control. Comparing the RBI panel's report on convertibility with European Union's Masstricht treaty, he described the recommendations as positive.

SPIC turnover, profit fall

ED notice to Dabur MD's son

Bizbits -- GSFC pays 45%

Britannia pays 40% dividend

Reliance Capital profit falls

DEPB credit allowed for SIL payment

SEBI told to probe lapse in system

JVG issue to be kept in abeyance

Stocks react on profit-taking