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Is BJP ignoring the domestic investor?
All eyes of the industrialists, the Bombay Club and the western world are now on the BJP government. Every Indian investor is keenly awaiting the exact shape of policies governing foreign investment, treatment of multinationals, the stance on import tariffs etc.
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The Index
Bata India seems finally to have managed a turnaround. Volume driven sales aided by capital restructuring and cordial industrial relations helped boost net profits by 300% to Rs 16.64 crore in 1997 from Rs 4.15 crore in 1996.
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Undesirable move
The decision of the Securities and Exchange Board of India (SEBI) to protect the regional stock exchanges is a retrograde move, detrimental to the interests of investors. Globally, the trend is clearly that of merger and acquisition among stock exchanges, illustrated by the move to merge Amex and Nasdaq.
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Anomalies cloud accuracy
Compared to the period of relative inactivity in February, March has been flush with important developments for the automobile sector. Most important amongst these could very well be the reclassification exercise kicked off by the AIAM for differentiation between different vehicular categories.
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