The Financial Express -- News

Monday, July 14 1997

Skindia index records 52% annualised returns in first half

The Skindia GDR Index has yielded annualised returns of 52.11% in the first half of the year. This upsurge has been necessarily contributed by Dr Reddy's GDR which experienced a return of 466.67%, followed by Reliance with 154.15% and ITC with 146.60%.

Infrastructure Bond Issue

LML set to unveil variomatic scooters, motorcycles next year

The Kanpur-based automobile manufacturer LML is diversifying into motorcycles and variomatics. The company will come out with mobikes and variomatic scooter next year.

STC seeks SBI Capital help to spot allies

The State Trading Corporation of India (STC) has assigned SBI Capital Markets the responsibility of identifying suitable joint venture partners to develop a number of captive supply sources. STC plans to have around 25% stake in such joint ventures.

Proton Andhra plant to be largest overseas unit

Peugeot's dithering on PAL stake compounds woes at Kalyan plant