The Indian Express -- Business

Sunday, May 18 1997

FOREX RATES INDICES STOCK

India front runner in raising funds from abroad

India was among the forefront of countries which tapped the overseas stock markets in the first quarter of 1997. Among the non-US countries, India came second in raising money from overseas exchanges.

Diamond exports fall by 19.7%

Gems and jewellery from India seem to be losing their sparkle abroad. Exports of gems and jewellery (including diamonds) from India have declined by 4% to $ 5,243 million in 1996-97 from $ 5,458 million in 1995-96. Of these, the fall in the export of diamonds was even more alarming.

IOC plans fuel-based power units

Indian Oil Corporation (IOC) has identified Haryana and Punjab for setting up liquid fuel-based power projects. The proposals, which mark the IOC's foray into power sector, would come up for board approval on Monday.

BIZBITS

Forex reserves cross $ 23 bn

State reconsidering nod to Sahara project

Dr Reddy's netprofit falls

Should sensex be scrapped?

New control tower for city airport only by year-end

The right medicine for industrial sickness

DoT probes VSNL payment to Iridium

Sebi moots uniform listing norms

Parity in fuel price would have saved IA Rs 100 crore

Badla rates remain at 7-8 %