The Indian Express -- Business

Monday, August 25 1997

FOREX RATES INDICES STOCK

SEBI reverses stand on rating agencies

Going back on it's earlier stand, the Securities Exchange Board of India (SEBI) has proposed, in a note to the board of directors, that credit rating agencies should be kept outside the purview of regulation.

SEBs owe Coal India Rs 4,000 cr

State electricity boards and various power companies owe Coal India Ltd a whopping Rs 4,000 crore against coal supplied by CIL's seven subsidiaries. Almost half of this amount - Rs 1,781.16 crore - that is owed by 22 SEBs and power companies is in the disputed category.

Cos eager for share buyback

Even before Parliament has passed the Companies Bill, 1997, companies have started rushing in with plans for buyback of shares. Over two dozen companies have already announced plans for share buyback and more are planning to jump onto the band-wagon.

Asian Paints deal may send wrong signals

High rises

Calling for money

Cabinet clears Mitsubishi PTA project at Haldia

MoF, RBI differ on NBFC auditors

Quickbites -- Samsung plagued by leak

Industry hails Re fall

Getting stuck at the green signal

Inflation inches up to 4.08%

We will work with Opel Astra to get a larger share

Building on success