The Indian Express -- Business

Tuesday, August 19 1997

FOREX RATES INDICES STOCK

ICI buys 9.1% stake in Asian Paints

Giving a new twist to the ongoing Asian Paints drama, ICI Plc, the UK-based paint and chemical major, has bought 9.1% stake in the company from Kotak Mahindra Capital Company.

DCR gives `invest' rating to India

Duff & Phelps Credit Rating Company (DCR) of the US has assigned a `BBB-' (Triple B Minus) rating to the foreign currency obligations of India. This initial DCR rating assigned to India is of investment grade.

Bates to acquire equity stake in Clarion

Clarion Advertising Services announced an equity tie-up with Bates Worldwide. The terms of the arrangement have not been finalised as yet. At present, the agency is a closely held company with the entire equity held by its employees and directors.

Alarming rise in bank frauds

NSE down; Asian Paints turns towards north

CBM to be offered for bids

Credit Lyonnais' new branch

Panel for early decision on aircraft purchase

Bizbits -- UTI DIUS 92

G E Shipping profit jump by 20%

Cash group volume remains low

UTI to examine stake in Asian Paints

GAIL to raise LNG supply

Forward premium on dollar rises