The Indian Express -- Business

Wednesday, August 20 1997

FOREX RATES INDICES STOCK

Values slump on FII selling

Pivotals crashed on BSE and NSE yesterday mainly on the emergence of selling pressure by foreign institutional investors coupled with lack of speculative buying by local operators. The Sensex slumped 156 points, the biggest fall in the recent times.

Jindal Strips to spend Rs 40 cr on buy-back

Jindal Strips, the O P Jindal group company, has decided to increase the limit of foreign institutional investors'holding in the company from 24% to the maximum permissible 30%. The company also proposes to privately place preference shares of a maximum amount of Rs 10-15 crore.

Darbari quits ACC board

Close on the heels of the decision by Nani Palkhivala to give up the chairmanship of Associated Cement Companies, Darbari Seth, one of the patriarchs of the Tata group, has stepped down from the board of the cement gaint.

Govt to appeal against BIFR move on MSTC

P&G plans bonus issue

BZW sees economic recovery

Chauhan, Coke fail to reach pact

FM sets terms to save Indian Bank

Tata Chem profits drop 36%

Top telecom businessmen to meet on licence fee

FIIs batter Sensex as India succumbs to global pressures

Sebi seeks details on Asian Paints deal

Bihar amends policy to bag Tisco project

Telco to raise Rs 345 cr

ITC Bhadrachalam downgraded