The Indian Express -- Business

Saturday, August 9 1997

FOREX RATES INDICES STOCK

PAL plans transfer of assets

The Doshis of Premier Automobiles have decided to transfer lock, stock and barrel assets worth Rs 501 crore, liabilities of Rs 465 crore and employees to a new joint venture company - PAL Auto Ltd to be floated in association with an Italian auto multinational - Fiat Auto.

SWC resolutions put for polling

All eight resolutions on the agenda of the adjourned annual general meeting of Shaw Wallace & Co will be decided by a poll to be held on August 10 at the company's headquarters at Wallace House.

TAC on general insurance to be recast

The Tariff Advisory Committee (TAC) on general insurance will have to be recast once the insurance sector is opened for private players to reflect the new environment, the secretary of TAC C N Ravi told The Indian Express. The TAC will work in tandem with the Insurance Regulatory Authority (IRA) to fix tariff rates and regulate the sector.

Cos eye insurance distribution

Asian Paints MD to quit

Sensex slide continues

Bizbits -- Ceat pays 20%

Exim Bank brings down interest rates

BoI chief calls for level playing field

HC sets liquidator for Real Value