The Indian Express -- Business

Saturday, November 08 1997

FOREX RATES INDICES STOCK

Centre allows foreign investment in airports

The Government has decided to rope in foreign investors to fund the country's airport expansion and development programme. The Cabinet yesterday approved the airport infrastructure policy to allow private development of the 120 airports.

36 sectors show negative growth

The first half of the current fiscal recorded a dismal growth with the major industries like cold roll steel, automobiles, newsprint, sugar, telecom equipment, hydro electric power and 30 other sectors recording a negative growth in the first six months (April-September 1997) as compared to the corresponding period last year.

Asian stock markets nosedive again

Hong Kong shares slumped three per cent yesterday, leading a sell-off on Asian markets to end a nervous week of trading dominated by interest-rate fears even as south east Asian currencies closed strongly as pressure shifted to north Asia. Major markets dived across the region, with Seoul registering its biggest slump since 1980, as investors fretted over the Hong Kong decline and other concerns.

Bizbits -- MSP for wheat fixed

36 sectors show negative growth

Ciba Specialty sales up

Rangarajan

Centre allows foreign investment in airports

Asian stock markets nosedive again

Bankers welcome Jalan

Rupee fall continues

Pivotals decline further

RBFSL closes Mumbai office

Jalan

Hindalco net up 12.9% to Rs 229 cr

SA Minister for open economy