The Indian Express -- Business

Thursday, August 7 1997

FOREX RATES INDICES STOCK

Committee moots share sale in SCI, Pawan Hans

The Disinvestment Commission has recommended sale of shares of Shipping Corporation of India and Pawan Hans Helicopter Limited in favour of other public sector undertakings utilising their services. It also proposed the strategic sale of Hindustan Copper.

Panel moves in to regulate lottery

The Parliamentary Standing Committee on Home Affairs has initiated steps to bring lotteries under a regulatory mechanism. Even though the central government wanted to bring the business under its regulation in consultation with state governments since 1994, the business has been out of any regulatory mechanism for a long time due to opposition from agents and states.

India lobby cheers hacking IRA

While all foreign companies and most domestic companies expressed their disappointment over the withdrawal of the IRA Bill, one section of the Indian industry cheered the development. There is a strong lobby group within the domestic industry which is opposed to the entry of foreign companies in the Indian insurance sector.

Nod for power body, tax holiday

Nagarjuna Fin, Prudential Cap downgraded

Values react on selling

Trading on NSE hit

MPCC justifies coal deal to Ispat

Brokers support HLL deal

Nitco Group has hidden income of Rs 12 crore

95% interim from Pond's

26 pc rise in Hindalco sales