The Indian Express -- Business

Tuesday, July 8 1997

FOREX RATES INDICES STOCK

Tough RBI norms for gold importing firms

The Reserve Bank of India has set a capital base of Rs 300 crore and a minimum capital adequacy ratio of 9% as the two major preconditions for the scheduled commerical banks to be eligible for import of precious metals.

SEBI move on MFs kicks up row

The Securities and Exchange Board of India move to stop launching of new schemes by mutual funds has evoked sharp criticism from mutual fund circles. It had asked mutual funds to launch new schemes only after rectifying the mistakes in the previous schemes.

ECBs still attractive: Sumitomo Bank chief

The external commercial borrowing route which affected the demand for credit from domestic banks and financial instititons is still attractive to Indian corporates, says the chief of Sumitimo Bank.

DoT softens stand on erring companies

Rs 231 cr agro products plan for Karnataka

KSIC workers demonstrate against closure move

CBEC scheme for importers

RPF to get Rs 10 cr for modernisation

New emission norms soon

Sensex loses 32 points

Time for investors to come back

Aptech fares well

Vashisti Detergents

Honda to hike stake in Indian joint venture

Free fall of gold prices continues

TN govt orders closure of Sterlite plant