The Indian Express -- Business

Friday, July 18 1997

FOREX RATES INDICES STOCK

ED slaps showcause notice on Thapar

The Rs 1,400 crore Ballarpur Industries and its chairman LM Thapar have been served with showcause notices by the Enforcement Directorate (ED) for alleged contravention of Foreign Exchange Regulation Act, 1973 (FERA).

DoT wins first case on bank guarantee

The Department of Telecommunications (DoT) has received a shot in the arm after a Chennai court gave a judgement in its favour, earlier this week, for encashing Rs 20 crore bank guarantee of the Hinduja group led HHS Communication. This is first case regarding the encashment of bank guarantees that the DoT has won.

NSE debt volume pierces roof top

The massive liquidity overhang in the system led to record trading in the wholesale debt market of the National Stock Exchange (NSE) yesterday with turnover touching Rs 1,553.58 crore. This is the highest turnover that the NSE debt segment has recorded ever since it came into being in September 1994.

TELCO may cut output

FM's concern over core sector

ICICI Bank to float Rs 144 cr issue

Scotiabank to float finance firm in India

Over-production: Plantain prices crash

Bizbits -- Rupee at 7 month high

FII stake in HDFC hits 30%

NBFC profits dip 30% as bank bottom lines look up

Stocks stage minor recovery