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Sunday, May 23, 1999

Forex reserves cross $33 bn mark
The foreign exchange reserves of the country have crossed the $ 33 billion mark for the first time. Thanks to heavy inflows from foreign institutional investors (FIIs).

CSE officials quit over lapses
A fresh bout of crisis has erupted in the Cochin Stock Exchange (CSE) as the bourse's recently-elected vice-president and treasurer put in their papers citing irregularities in the surveillance system of the exchange.

NTPC slaps notices on SEBs
State-owned National Thermal Power Corporation (NTPC) has served notices of regulation and discontinuance of power to four major power purchasers to recover a whopping Rs 10,761.35 crore in power dues.



  Bizbits
  Icra downgrades Torrent Gujarat
  Probe into seamless tube import
  India to get aid from Climate Fund
  Cheques & Balances
  Bizbits
  Cos go for GAAP accounting
  Delhi allows auto cos to register Euro-I models
  RBI to probe Sanchayani business
  Olivetti finally buys out Telecom Italia
  Japan's top banks make $ 25 bn losses, promise early recovery
  Octroi alternative issue taxes Council chiefs forum



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