The Indian Express -- Business

Tuesday, August 12 1997

FOREX RATES INDICES STOCK

FIIs allowed to cover debt investment

The Reserve Bank of India has allowed foreign institutional investors (FIIs) to book forward cover for their investments in debt instruments. This step is likely to weaken the rupee and push forward rates to more realistic levels.

ICICI to go for mega preference issue

ICICI is seeking permission of its shareholders to raise its share capital by another Rs 1,000 crore by way of preference share issue -- the largest of its kind -- in the coming months. The authorised share capital of the financial institution will be to be raised to Rs 1,600 crore.

SEBI meet to consider badla

The Securities and Exchange Board of India (SEBI) board which is meeting in Mumbai today is likely to take up a range of issues -- including a new carryforward system -- relating to the capital market.

MRP on luxury shoes likely

Sick units owe Rs 13,748 cr

Poor Reforms, Poor Competitiveness

Sensex rallies by 84 points

Govt plans oil bonds worth Rs 15,500 cr