The Financial Express -- News

Saturday, November 29 1997

Front trips as Congress pulls the rug; Kesri eyes gaddi

The seven-month-old United Front government led by Inder Kumar Gujral collapsed yesterday, bringing the curtain down on the prolonged political drama in New Delhi. The Congress party, which announced the withdrawal of support to the United Front coalition, also staked its claim to form the government with support from some Front constituents.

Ceat H1 turnover up to Rs 486 crore

Ceat Ltd, the RPG group-controlled tyre major, has posted a higher turnover of Rs 485.66 crore in the first half of the current fiscal against Rs 470.36 crore in the same period last year. Ceat's net profit during the period has also improved, helped by lower carbon black and natural rubber prices, to Rs 4.74 crore as compared with Rs 4.15 crore in the corresponding period of the last fiscal.

RBI deputy governor warns exporters against sitting on their dollars

The Reserve Bank of India (RBI) deputy governor RV Gupta has warned that exporters may end up burning their fingers if they do not bring in the proceeds faster as the central bank will not allow the rupee to weaken any further. This is the first time that a senior RBI official has gone on record on the issue ever since volatility gripped the forex market and the Indian unit started losing ground against the dollar.

"Delink economic policies from politics"

"Focus: LatAm" launched to boost trade ties