The Indian Express -- Business

Sunday, July 20 1997

FOREX RATES INDICES STOCK

RBI sets three-tier NBFC regulation

The Reserve Bank of India has formulated a 3-tier framework for the regulation of non-banking finance companies. This will include off-site monitoring, on-site inspection and an expanded role of auditors in the supervision of NBFCs.

Panel for more powers to govt, SEBI

The Securities Contract Regulation Act (SCRA) should confer exclusive powers to the Sebi and central government. The central government should retain powers only to make rules as per section 30 of SCRA while SEBI can be conferred with the authority of delegating the powers. This was one of the recommendations put forth by the Dhanuka Committee.

SEBI asks JK to go for public offer

The takeover of Vikrant Tyres by J K Industries has taken a new turn with SEBI forcing it to make a minimum unconditional offer for 20% of the Vikrant shares, instead of the 15.01% planned earlier.

Wooing consumers with genuine credit offers

India, Singapore sign air services pact

Direct-to-Home & the WTO imbroglio

Wheat import put off

Willet subsidiary in India

Ind Bank may get only Rs 1,000 cr

Govt opens up coal hunt

NSE body asks members not to sign bond

Discussing infrastructure, not developing it

Political turmoil dampens GDRs on bourses abroad

Launch Pad -- Philips India

Bizbits -- Gold prices shoot up