The Financial Express -- Leisure

Tuesday, May 27 1997

TODAY'S CROSSWORD TODAY'S ZODIAC

Shocking the bigwigs

Can a one-and-a-half-year-old novice give a tough time to the bigwigs, entrenched in a business for decades, treating marketing territories more or less as their personal fiefdoms? It sounds unlikely. But if Rakesh Dikshit and Avneesh Mohindra are to be believed, Escorts has slashed prices of its brands with the entry of Hi-Tech Suspensions, a newcomer in the shock absorber market.

Infrastructure Bond Issue

`Bears gave us opportunity to build up image'

After spending three years in India as the head of James Capel B&K (Now HSBC B&K), Jonathan Elwes heads back to UK in June. The name of one of the country's leading brokerage houses is not the only thing that Elwes changed but brought the firm to a level where it is being recognised as an important element of the HSBC group's activities in India.

Nail on the head

C Rangarajan the RBI governor says the newly amended RBI Act gives RBI necessary powers which it did not have earlier in relation to the supervision of non-bank financial companies. It intends to exercise these powers and monitor the working of these NBFCs and evolve suitable mechanisms to deal with a large number of companies.

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