The Indian Express -- Business

Sunday, August 24 1997

FOREX RATES INDICES STOCK

OTC amends business rules, shifts to hybrid trading

The Over-the-Counter Exchange of India (OTCEI) has amended its business rules to accommodate the hybrid system of trading. This will do away with compulsory market making for a scrip after 18 months.

Motor cover losses to touch Rs 700 crore

Underwriting losses in the motor insurance industry is likely to touch Rs 700 crore for 1996-97. The surplus of claim over premium is expected to touch a staggering high Rs 700 crore mark compared to Rs 275 crore in 1995-96 and Rs 636 crore in 1994-95.

TCI-Tisco merger ruled out

Tisco managing director J J Irani clarified that the company has no plans to merge the loss-making Tinplate Company of India with itself. Irani, who is also the chairman of Tinplate, was reacting to a suggestion made by some shareholders at Tinplate's 78th annual general meeting.

Rupee crash fuels fall in auto GDRs

Vysya Bank, leasing arm set to merge

Bizbits -- BBDO to up stake in R K Swamy

Row over FM's view on Indian Bank

Asian Paints yet to take up share imbroglio to govt

India wins battle against turmeric patenting

SEBI wants bank issues to declare merger proposals