The Indian Express -- Business

Thursday, June 12 1997

FOREX RATES INDICES STOCK

RBI tightens interest warrant norms

The Reserve Bank of India (RBI) has asked commercial banks to stop extending `at par' encashment facility for dividend/interest warrants and refund orders in all the branches and allow this system only in select branches where computer processing facilities are available.

IOC demand to suspend oil supplies to MRPL rejected

The apex body of the Oil Coordination Committee (OCC) rejected the Indian Oil Corporation's (IOC) request for suspending crude oil supplies to Mangalore Refineries and Petrochemicals Limited (MRPL) and Cochin Refineries Limited (CRL).

CTV to dominate white goods

The colour television segment is expected to account for over 50 per cent of the total consumer electronic production by 2002, according to a report prepared by the Department of Electronics (DoE) on the Ninth Plan.

Sensex gains 68 points

Tata Tea pays 65 pc dividend

Brokers flay NSE move on surety

ICICI completes $50 mn loan

FIPB rejects Koshika's expansion proposal

Tiru Tea to merge with Goodricke

Air India clouds the open skies

CARE downgrades Modern group cos

UTI Bank posts good profits

MRL shelves JV plan with Continental

List or close shop, RBI ultimatum to NBFCs

Bizbits -- ITC Hotels PAT up 17%

MoF steps in to hasten the process of CRB liquidation

Gujarat investors bear brunt of CRB Capital scam

TN Govt okays overseas probe into coal deal