The Financial Express -- Markets

Thursday, May 15 1997

ICICI, IFCI to launch fixed deposits in 2 months

The Industrial Credit and Investment Corporation of India (ICICI) and Industrial Finance Corpoartion of India (IFCI) will launch their fixed deposit schemes in about two months. ICICI and IFCI come under the ambit of the Companies Act, the Section 58 of which stipulates that advertisements for fixed deposits must be accompanied by last year's financial results.

Infrastructure Bond Issue

NSDL to aid post-merger transfer of SCICI shares

The National Securities Depository Ltd has entered into an arrangement with Industrial Credit and Infrastructure Corporation of India Ltd to facilitate Shipping Credit and Investment Corporation of India Ltd shareholders to directly receive the post-merger shares of Industrial Credit and Infrastructure Corporation of India Ltd in the dematerialised form.

Bajaj Auto bonus issue report buoys sentiment on BSE

Pivotals rallied smartly at close of the session on the Bombay Stock Exchange, buoyed by the hopes of a bonus share issue by scooter maker Bajaj Auto. The sentiment was weak during the major part of the session but firmed towards the end on speculative support. The closing rates showed widespread small to modest gains.

Sensex gains 38 points on institutional support

3 FIIs initiate dematerialisation move

It's tea time again

Sugar output in TN may fall further

Market round-up -- Call

Australian $ edges up, ignores budget

Y2K problem helps build manpower

SEBI reviews badla to stop police action on brokers

Wheat steady on poor demand