The Indian Express -- Business

Saturday, May 10 1997

FOREX RATES INDICES STOCK

NBFCs given more time to reach NOF

The Reserve Bank of India has extended the deadline for non-banking financial companies (NBFCs) to attain the net-owned funds (NOF) level of Rs 25 lakh by three years.

Bumpy ride for auto shares

Vehicle shares have hit the roadblocks on the stock exchanges. The imminent petroleum price hike and reports about dwindling sales and stockpiling of inventories have led to a decline in share prices of automobile companies.

Mahindras to set up foundry

Mahindra & Mahindra Ltd has decided to set up a state-of-the-art foundry to meet the demand of critical castings like engine blocks, heads and transmission cases. The investment in the project will be approximately Rs 150-170 crore spread over the next four years.

Pivotals make small gains

Amoco moots LNG project

MoST slaps $1.8 mn fine on STC

Mobil plans power plant as govt studies LNG import

Govt bond auction devolves

Cadbury inducts two directors

BIZBITS -- Sharp rise in silver, gold

`Euro may arrest dollar supremacy'

Jaipur, Kanpur SEs interconnected

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