FM advisor blames FII for Sensex crash
Advisor to the finance minister, Mohan Guruswamy, has come up with a new angle to the 224-point crash in the Sensex on Monday. According to him, a foreign mutual fund had sold stocks to the extent of Rs 100 crore, which could have triggered the fall.

UTI props up Sensex again
Financial institutions led by Unit Trust of India (UTI) made aggressive buying of shares for the second successive day on Wednesday, pushing up the Sensex by 89 points on the Bombay Stock Exchange (BSE).

Daewoo launches Matiz
Daewoo Motors India Ltd (DMIL) on Wednesday commenced commercial production of its 796 cc car Matiz, setting a sales target of 12,000 units till March 1999. The car is expected to hit the roads by the month-end.

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