The Indian Express -- Business

Wednesday, July 30 1997

FOREX RATES INDICES STOCK

SEBI for more outsiders on MF boards

The senior executive director of Securities and Exchange Board of India (SEBI) Pratip Kar has stated that the regulator is considering changing the guidelines for bringing in more outside directors into the board of trustees of mutual funds (MFs).

S&P gives "BB+" rating to ICICI

Standard & Poor's has assigned a "BB+" rating to Industrial Credit Investment Corporation of India's (ICICI) proposed $150 million 144 A bond issue. The rating reflects the company's strong market franchise, sound capitalization and good profitability.

Ministries clash over CKD, SKD policy

The Union government's initiative to evolve an automobile policy governing import of completely knocked down (CKD) and semi-knocked down (SKD) kits has run into fresh trouble with finance ministry and commerce ministry crossing swords over the issue.

IDBI chief blasts family-run cos

Abott Lab makes open offer

RIL, Ispat bid for new airport

JV for Panvel project set

Pal-Peugeot, Whirlpool downgraded

Govt subsidy for 40 low budget films

Sensex recovers 36 points

Auto inventories pile up

NSE revises price band

CRB investors body's plea to CBI

Writ against VDIS Squashed by HC

Insurance staff to stage protest

Plan to add 2 circles to MTNL off

'Vat will reduce revenue flow in Karnataka'