The Indian Express -- Business

Sunday, November 23 1997

FOREX RATES INDICES STOCK

Yamaichi on the brink of collapse, faces $23 bn dues

Yamaichi Securities one of Japan's top brokerage said it may shut its doors after 100 years in business as it faced a short-term credit crunch, shrinking business and high-profile scandals. Options for the beleaguered Yamaichi narrowed considerably after main creditor Fuji Bank said it was not in a position to take responsibility for rescuing the "Big Four" brokerage. Yamaichi said in a statement that it would make its final decision public on Monday.

Chidambaram promises more autonomy to insurance cos

Union finance Minister P Chidambaram assured that more autonomy would be granted to the Life Insurance Corporation (LIC) and General Insurance Corporation (GIC) in their management and operations. He pointed out that in this era of globalisation and increased competition the insurance companies should strive to design quality products and provide customer satisfaction.

GDRs down on rupee crash

The political uncertainty and the fall of the rupee against dollar marred the sentiment on domestic and GDR (global depository receipt) markets in the bygone week. As a result, share prices and GDRs fell on a broad front.

I-T raids Pearl group offices

Bizbits -- Dip in forex reserves

Industrial slowdown worries RBI chief

Political cracks pull reforms down

Chidambaram promises more autonomy to insurance cos

VDIS is on track, says Singh

GDRs down on rupee crash

Bizbits -- Sharp rise in silver prices

Yamaichi on the brink of collapse, faces $23 bn dues

Sliding stability, crumbling markets

Govt to ignore Suzuki campaign

Ministry seeks legal opinion on Raytheon delay in ATC

Most favours tripartite pact for road projects

RSEB to offer Suratgarh project for pvt sector on BOOM basis

Gujarat govt opens up port projects for pvt

Enron to raise output at Tapti