Friday, November 20, 1998
Govt plugs HR coil dumping
The Union government has fixed floor price of Rs 14,300 per tonne for imported hot rolled (HR) coils to provide level playing field to domestic HR coil manufacturers.
UTI to hike reserve fund to Rs 1,000 crore
In order to protect the interest of the small investors, the Unit Trust of India (UTI) is planning to raise the development reserve fund (DRF) by nearly Rs 200 crore to Rs 1,000 crore to meet its future liabilities.
Escorts wary about buy-back
Escorts Ltd is unlikely to opt for buy-back of shares in case the financial institutions fail to decide on the company's proposed scheme of reducing its paid up equity by 50 % by March 31 next year.
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