The Indian Express -- Business

Wednesday, July 23 1997

FOREX RATES INDICES STOCK

MTNL seeks more power to fix tariff

Mahanagar Telephone Nigam Ltd has sought clearance from the Department of Telecommunications to give it flexibility in tariff fixation of local calls and define a five year formula for revenue sharing between the two organisations.

Govt opposes Suzuki venture

The government is opposed to a joint venture between Suzuki and Maruti for a foundry to manufacture castings for engines and gear boxes. A joint venture where Suzuki will hold 90% equity is not acceptable to the government.

NSE withdraws bond clause

The National Stock Exchange has withdrawn the requirement for its members to furnish personal indemnity bonds following stiff opposition from the members of the exchange.

HC stay puts finance Co.s back in business

ICICI Bank to dilute equity

FEMA Bill not in monsoon session

ITC Agro-Tech faces delisting

Sensex gains 32 points

Panel moots market-friendly badla

Major PSU norms may go

No growth in Century exports, sales up