The Indian Express -- Business

Monday, July 7 1997

FOREX RATES INDICES STOCK

Tough year for business groups

The previous financial year (1996-97) has proved to be a tough period for various business groups which dominate the Indian industrial secnario. While many family-run business enterprises managed to withstand the gusty wind of demand recession and liquidity crunch, some groups had their bottomliness eroded as never before.

Getting investors back

The surge in the sensex in the past couple of weeks have recharged the market sentiments with the BSE sensitive index rising by 14 per cent to 4334 from 3808 in the beginning of June 1997. The question on everybody's mind is that will the rally continue or will it abate once the foreign institutional investors go slow on the purchases.

Ad agencies return to the real world

With business still not picking up, agencies are now willing to work on margins close to half those charged just a few years ago.

Quickbites -- Defence electronics firms merge

"Some regulation of credit rating agencies is OK"

Registration worries investment firms

Site insight -- Moving from electronic mail to electronic cash

Inflation falls further

Moneu laundering bill chaos solved

Figure Watch -- New top banker