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Monday, July 5, 1999

Ranbaxy board likely to elevate Brar as managing director earlier than planned
The board of Ranbaxy Laboratories is likely to meet soon to appoint a new chairman and elevate DS Brar as managing director immediately following the death of its chairman Parvinder Singh on Saturday.

DoT may miss free incoming cell calls deadline
The Department of Telecom (DoT) reportedly declared that the much-awaited calling party principle, which allows free incoming calls on cellular phones, is unlikely to come into effect on August 1.

Reserve Bank eases norms on NRI loans
The Reserve Bank of India (RBI) has further simplified foreign exchange norms and allowed individual residents, sole proprietors and firms in India to raise rupee loans from non-resident Indians (NRI) on a non-repatriation basis.

4 Harris Web-Offset Printing Machines for Sale


Corporate Results of over 2500 companies

General insurance profits growth slows down to 11%
The general insurance industry is set to report a drastic drop in its net profits growth rate in fiscal 1999 -- from 60% to 11%.

 


CORPORATE
Videocon seeks to become Internet provider
Roesti is Petro Araldite MD as Denzler shifts to Basle

ECONOMY
Stagnant diesel prices may drain oil pool account by Rs 500 cr per month
6 integrated transport projects may be finalised by August

EXPRESSIONS
Birla Global Finance plans one-stop shop for finance
The index

MARKETS
Hold on to Reliance Petro; keep away from MRPL
Chrome price increase fails to lift key market producer sentiments

LEISURE
Television channels: The show must go on
Modicare to launch colour cosmetics; mulls foray abroad



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