The Indian Express -- Business

Monday, June 9 1997

FOREX RATES INDICES STOCK

Solution to Canstar issue soon

The Canstar scheme imbroglio is likely to be solved within the next one to one-and-a-half months. A deadline is believed to have been set to resolve the redemption issue of the ill-fated Canstar Mutual Fund Scheme.

STC all set to open subsidiary in Russia

The State Trading Corporation (STC) plans to open a wholly-owned subsidiary in Russia by converting its representative office in Moscow into a vibrant trading entity through local incorporation.

FII comeback may spark bull phase

Foreign Institutional Investors (FIIs), who kept away from Indian stock markets for the last two months, seem to be on the comeback trail. With FIIs leading the recovery moves in the last few days, the markets may once again see a buoyant phase.

Inflation rate remains steady

RBI to check RBFSL accounts

Voluntary disclosure scheme from July 1

Non-food credit offtake slumps by Rs 828 crore