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Friday, July 18 1997
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NSE debt segment sets new turnover record at Rs 1,554-cr![[Details]](/icons/bullet.gif){kind=icon}
The massive liquidity overhang in the system led to record trading in the wholesale debt market of the National Stock Exchange yesterday with turnover touching Rs 1,553.58 crore. This is the highest turnover recorded in the segment since it came into being in September 1994.
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IMF calls for petro goods price hike to maintain growth
The International Monetary Fund (IMF) has urged India to effect a substantial increase in petroleum product prices as part of a larger effort at fiscal consolidation coupled with structural reforms to maintain the momentum of growth.
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AV Birla group to hike stake in Tanfac via preferential offer
The Aditya Vikram Birla group has decided to strengthen its holding in associate company Tanfac India, a leading aluminium fluoride producer, from the present level of 25% to 41.33%, through a preferential allotment to group blue-chips Hindalco and Grasim.
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The Group
