The Indian Express -- Business

Saturday, July 5 1997

FOREX RATES INDICES STOCK

Nine PSUs granted full financial, operational freedom

In a step which is bound to give a sharp boost to the reforms process, the Government yesterday decided to free the nine top public sector units (popularly called the navratnas) by giving them full financial and operational autonomy.

SEBI to review mutual fund investment norms

The Securities and Exchange Board of India (SEBI) has decided to review some of the mutual fund regulations with respect to the investments in affiliate companies and quantum of business to be routed to brokers. It has also decided to enforce the submission of a inspection compliance report before any new scheme is launched by a fund.

BSE to start trading segment for FIs

The Bombay Stock Exchange (BSE) has decided to start a new segment exclusively for trading by institutions, called the `Sunshine Segment', from Monday. According to a BSE official, equity shares of all the companies listed on the exchange will be traded in the Sunshine segment.

Bizbits -- Gold falls

Canara Bank in MRTPC net

NBC ties-up with Siticable

DoT finalises basic services

Govt okays stamp duty plan

Pivotals rule steady

RBI nod must for foreign assets through VDIS

Madhumilan, Synergy Financial downgraded

New board to speed up PSU core projects

Suzuki to select new MD