Tuesday, October 13, 1998
Reserve Bank floats a sinking fund to cover resurgent bonds' exchange risk
The Reserve Bank of India has created a sinking fund christened RIB-Maintenance of Value Account (RIB-MOV) to cover the exchange risk on the Resurgent India Bond scheme.
Unit Trust reviews IPCL's operations
The Unit Trust of India (UTI) after conducting a strategic review of the Indian Petrochemical Corporation's (IPCL) operations, has seemingly concluded that disinvestment will make the company more competitive.
Depression continues to dog cement sector in H1
Acute depression continued to grip the cement industry in the first half, as production increased by a mere 5 per cent, while despatches rose 5.1 per cent compared with the corresponding period last fiscal.
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