The Indian Express -- Business

Monday, July 14 1997

FOREX RATES INDICES STOCK

ITC faces hefty fine

Tobacco giant ITC faces the prospect of imposition of heavy penalty by the Enforcement Directorate (ED) if found guilty in the alleged $ 110 million Foreign Exchange Regulation Act (FERA) violation case.

Surge in inflows makes rupee strong

The rupee is going from strength to strength upsetting the calculations of bankers and foreign exchange experts. The Indian currency which has already shot up to the Rs 35.69 level per dollar is expected to rise further against the dollar.

MS Shoes case finally comes for hearing

After passing through six judges, the controversial M S Shoes East case has finally come before a single bench of the Delhi High Court. A single judge bench comprising Justice N G Nandi posted the matter for further hearing on August 5.

Quickbites -- Eurotunnel shareholders back debt restructuring

Inflation rate moves up

Broken road to investments

Pvt firms may take over NBFC inspection

Some accept transition gracefully, others painfully

Ganapati group to be pulled up