The Indian Express -- Business

Tuesday, June 10 1997

FOREX RATES INDICES STOCK

FM blocks SEBI move on share lot

The Union finance ministry has put a Securities & Exchange Board of India (SEBI) move to reduce tradable and alloted lots in high value shares on hold. The attempt was to reduce these lots to 50 or 10 shares.

UTI for dual ratings from NBFCs

Unit Trust of India (UTI) will soon start seeking dual ratings for fresh exposures in privately-placed debentures of non-banking finance companies (NBFCs). The proposal will prompt most leading NBFCs to get their debt instruments rated by two agencies as other financial institutions may follow UTI's example.

DoT for easing ECB norms for cell firms

The Department of Telecommunications (DoT) has presented a proposal to the Union finance ministry seeking relaxation of the norms restricting external commercial borrowings by cellular operators to two times foreign equity.

Sony plans to double equity base

Bizbits -- DSE chief suspended

No consensus on fund sharing

Court to be moved on CRBMF deals

Vysya Bank profit dips, dividend up

Values remain steady today

Sidbi posts 21% rise in profit

Tyres ride cars to cash in on brands

Forex losses mount with outdated oil import norms