The Indian Express -- Business

Sunday, July 27 1997

FOREX RATES INDICES STOCK

Bajaj Auto sales dip during first quarter

Bajaj Auto(BAL) has registered a 6% fall in turnover and a 17% fall in total vehicle production in the first quarter, April- June 1997, over the same period last year. Chairman and managing director Rahul Bajaj warned shareholders of a "difficult" year ahead, with the possibility of regaining market share only by 1999-2000.

NSE suspends trading in 66 companies

In a sudden move, the National Stock Exchange has decided to stop trading in 66 companies in its permitted securities segment with effect from August 27.

SEBI cancels ITC Classic licence

The Securities and Exchange Board of India (SEBI) has cancelled the merchant banking licence of ITC Classic Finance. This follows the erosion of networth of the outfit below Rs 5 crore, which is the minimum required for registration as a category I merchant banker.

Quickbites -- Dai-Ichi Kangyo in trouble

Launchpad -- P&G

Political turmoil fails to affect markets

Dumping curbs on 14 items

NSDL proposes electronic payment of dividend

Please help us, Prime Minister, says Industry

International airport at Devanhalli likely to be in joint sector

Cos prefer cheap foreign funds, avoid equity, domestic borrowings

VSNL role in Internet services raises more questions than answers

FIIs averse to govt securities

Bizbits -- PSE MoU with BSE

GDR market buoyant as demand picks up