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Thursday, August 19, 1999

Bulls take Sensex up by another 84 points
Share prices staged a strong rally on major stock exchanges on Wednesday as local investors and speculators continued to build up positions ahead of the forthcoming general elections.

IFCI crosses loan limit to Essar, Ispat
The lending exposure of Industrial Finance Corporation of India to the Essar and Ispat groups has crossed 50 per cent of the institution's net worth.

Reliance, BT extension to be referred to AG
The Department of Telecommunications (DoT) is likely to refer the issue of a six-month extension for two companies -- Reliance for their basic services circle in Gujarat and Bharti Telenet's (BT) basic services project in Madhya Pradesh -- to the Attorney General (AG) for his advice.


Corporate Results


  ICICI to focus on retail finance, home loans
  Essar plans dry cargo handling terminal
  MUL's Baleno to cost Rs 7.25 lakh
  Foreign majors stay away from oil bids under NELP
  Trading in unlisted securities likely
  MoU for futures trading in oilseeds signed
  FI meet on Haldia issue
  Sebi sets up panels to start internet trading
  Gold demand rises 6% -- WGC



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