The Indian Express -- Business

Thursday, June 26 1997

FOREX RATES INDICES STOCK

IDF pledges $6.7 bn aid

Multilateral and bilateral donors at the India Development Forum (IDF) meeting have pledged around $6.7 billion in external assistance to India for the current year signalling continued trust in the country's economic potential.

Gold losing glitter as supplies beat demand

Good times are ahead for buyers of the precious metal. After the bullish phase in 1996, gold prices are on a downswing now. Standard mint gold has now fallen to Rs 4,950 per 10 gram, the lowest level in the last three years after September 1994 when it hit a low of Rs 4,610.

SWC posts small profit; no dividend

Shaw Wallace & Company has reported a meagre net profit of Rs 5.21 lakh on a turnover of Rs 762 crore for the year ended June 1996. The board of directors have not recommended any dividend.

Sensex loses 25.77 points

Short-term deposit rate cut

CRB today, plantation companies tomorrow

Lakme pays 50 pc dividend

Panel clears share sale in MTNL, GAIL

Essar Steel pays 10% dividend

Birla AT&T mops up $283 mn

Kotak Mahindra net falls

IBM may increase stake in Tata tie-up

Bizbits -- Rallis net up Rs 23 crore