The Indian Express -- Business

Tuesday, June 24 1997

FOREX RATES INDICES STOCK

SEBI gets tough with MFs

The Securities and Exchange Board of India (SEBI) has tightened the noose around the mutual funds by asking them to furnish all the compliance reports by June 30 following the CRB Mutual Fund fiasco.

Thapar ousted from Thai firm

Ballarpur Industries chairman L M Thapar has been removed from the board of directors of the Thailand-based Phoenix Pulp and Paper Company, of which he is one of the original promoters.

Arvind Mills sales, profits higher

Arvind Mills has posted a turnover of Rs 863 crore during the year ended March 1997 against Rs 709 crore last year, a growth of 21%. The net profit was Rs 127 crore against Rs 113 crore, after providing for extra-ordinary charges of Rs 12 crore against Rs 3 crore and MAT of Rs 5 crore (nil).

Samsung plans $630 mn investment in India

BASF trims R&D in new proposal

Bizbits -- Gold prices hit new low

Sensex makes small gain

Govt plans two mega ports to handle commodities

HC frees Daewoo accounts

Dubai auto show in November

L&T to invest Rs 576 cr in new ventures

Titan pays 33% dividend

PCL to hive off units