Friday, August 20, 1999
Government allows gold hedging
The Government has paved the way for activating the gold deposit scheme by allowing Reserve Bank of India and other authorised scheduled banks to enter into forward contracts for sale and purchase of gold within the country.
ICICI plans to float Rs 275cr issue in Sept
ICICI Ltd will enter the domestic equity market in September first week to mop up Rs 275 crore. This will be among the largest equity issues in the past one year, and the price has been fixed at Rs 73 a share of face value Rs 10.
NDA vows to boost markets; to allow provident funds to invest in equities
The BJP-led National Democratic Alliance (NDA) has promised to give a big boost to the capital markets by allowing provident funds (PFs) to invest in equity and strengthening mutual fund industry for channelising retail savings.
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