The Financial Express -- News

Tuesday, May 27 1997

Carryforward norms likely to be diluted

Bombay Stock Exchange president M G Damani has made a forceful plea for the reintroduction of badla with fewer restrictions, even as the J R Verma committee is collecting feedback from the exchanges.

Infrastructure Bond Issue

Income funds pick up short-term paper

Income funds which were caught off-guard by falling interest rates are trying every possible way to make sure that they honour the promise of paying 15% made to the investors. Some are parking their funds in short-term instruments in the hope that they can shift the funds to papers with better yields when the opportunity comes their way.

Kalyani Brakes in buyback arrangement with promoter

Kalyani Brakes(KBX) is set to enter into a buy back arrangement with one of its promoters the Japanese NABCO. The prototype samples will be despatched before June 15. Should the components meet NABCO's norms during a 10-month testing cycle, KBX will begin production at a dedicated line at its Chakan plant by September 1998.

HLL, Dutch firm join hands for yeast production

BJP wants probe into CRB power bonds