The Indian Express -- Business

Friday, June 20 1997

FOREX RATES INDICES STOCK

Bhansali admits owing Rs 514 cr to investors

Arrested CRB Capital Markets chief C R Bhansali, has informed the CBI during an interrogation that he owed Rs 514 crore to creditors. CBI sources said that the agency has recorded Bhansali's statement in this connection at Mumbai under Section 161 of the Criminal Procedure Code.

RBI Act amendments likely: FM

In view of the recent developments in the financial sector surrounding the Rs 1,200-crore CRB scam, the government may make further amendments in the Reserve Bank of India Act (RBI Act), 1934 which governs the RBI regulation of the financial sector.

Nod for Enron, Benz proposals

Union iindustry minister Murasoli Maran approved 72 proposals for foreign investment yesterday on the recommendations of the Foreign Investment promotion Board (FIPB). This also included proposals from Enron and Mercedes Benz.

SBI net jumps 60%, to pay 40% dividend

New fertiliser pricing policy on anvil soon

SEBI bans GFC Mutual Fund

IISCO revamp planscaled down

DSE suspends Naresh Aggarwala

Re-introduction of coffee pooling ruled out

India wooing foreign nuclear companies to set up shop

Index-based scrips improve

State floats VID bonds

FIPB rejects Nokia's proposal

Reliance meet for bonus issue

INS seeks PM's intervention in newsprint crisis