The Indian Express -- Business

Saturday, May 24 1997

FOREX RATES INDICES STOCK

Tisco net profit falls but dividend stays

Tata Iron and Steel Company (Tisco) has reported a fall in its net profit to Rs 469.21 crore for the year ended March 1997 from Rs 565.79 crore in the previous year. The company has attributed the fall in net profit to the provision of Rs 73 crore for Minimum Alternate Tax (MAT) against nil last year and Rs 78.70 crore for "employee separation compensation" against Rs 36.65 crore last year.

ICI steps up dividend

ICI India's board on Friday recommended a 5% step up in dividend to 45% on higher turnover of Rs 695.13 crore and a net profit of Rs 42.06 crore for the year ended March, 1997.

Register or else.., SEBI warns brokers

The Securities and Exchange Board of India (SEBI) has repeated its warning to the large number of unregistered sub-brokers in the securities market about the consequences of not following the statutory requirement of obtaining registration certificate from SEBI.

Cotton traders afraid as Svadeshi spins doom

Sentiment stays subdued

Bizbits -- Crude oil output up

FM orders safety net for CRB fixed deposit holders