The Indian Express -- Business

Monday, November 17 1997

FOREX RATES INDICES STOCK

FIs counter PSL move to go under BIFR

The recovery claim of over Rs 600 crore filed by Industrial Credit and Investment Corporation of India (ICICI) on behalf of a consortium of financial institutions against Parasrampuria Synthetics Ltd (PSL) has taken a new turn with the FIs trying to counter the company's move to declare itself a sick unit under the BIFR scheme.

CSE bows to SEBI recommendations

The Calcutta Stock Exchange (CSE) has realised that it has no room to resist the recommendations of the latest annual inspection report of the Securities & Exchange Board of India (SEBI). The CSE authorities will have to ensure that the inspection report's suggestions are followed strictly.

Massive fall in market cap

The protracted fall of stock markets has taken a severe toll with punters and fund managers yet to see the bottom of the market. The sustained fall in share prices have already led to a fall in market capitalisation of nearly Rs 1,00,000 lakh crore from Rs 5,95,000 crore in July to Rs 4,96,000 by last Friday.

NBFCs manual to be kept secret

Massive fall in market cap

FIs counter PSL move to go under BIFR

Inflation plunges to 3.23 percent

CSE bows to SEBI recommendations

NCS Gayatri to tap market

Bizbits -- UTI stock lending scheme

Contempt plea against Tata

Industrialists to observe token bandh on Tuesday

Guest column -- Set up the IRA