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FINANCIAL EXPRESS FRONT PAGE

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Friday, September 3, 1999

Bogey of prices -- All that rises is not inflation
The simple textbook definition of inflation is a "continuous rise in prices". This seems obvious enough and is glossed over in the undergraduate classes.

Tough deal
The Sebi decision to ban negotiated and cross deals is not a good one for institutional investors, though the market at large will be indifferent to it.

BNY probe exposes ties between Western financiers, Russian Mafia
When the history of the first 10 years of capitalist restoration in Russia is written, it will have to include two fundamental points.


Corporate Results


  The Index
  Economy to grow at 6.5%, industry will drive growth
  Stubborn deficit



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