The Indian Express -- Business

Thursday, November 27 1997

FOREX RATES INDICES STOCK

ITC Classic Finance to merge with ICICI

In the first-of-its-kind merger in the country's financial sector, ITC Classic Finance Ltd, the beleaguered non-banking financial arm of ITC Ltd, and country's premier development financial institution, Industrial Credit Investment Corporation of India (ICICI) have announced their intentions to merge their operations next week. The boards of ICICI and ITC Classic are meeting next Monday, December 1 to clear the merger between the two companies.

UTI to invest $150 mn abroad

Unit Trust of India (UTI) is gearing up to invest $150 million in overseas markets following the recent decision by the Reserve Bank to allow mutual funds to invest abroad. UTI chairman G P Gupta said the trust was getting ready to invest around $ 50 million each through its three asset management companies.

PAL decision on Peugeot offer in 30 days

Premier Automobiles Ltd (PAL) has been given a 30-day deadline by the French car major Automobile Peugeot to decide on the equity restructuring of their jinxed joint venture, PAL-Peugeot Ltd. PAL's Managing Director, Maitreya Doshi, said all options have been kept open for restructuring PAL-Peugeot Ltd as the French partner has decided to withdraw from the joint venture.

PAL decision on Peugeot offer in 30 days

Stocks recover further

Ashok Leyland incurs loss

Slump in ACC profits

Bizbits -- BPCL net profit up 5.75%

UTI to invest $150 mn abroad

ITC Classic Finance to merge with ICICI

Europe gold drops to 12-year low

Japanese bank shuts down operations

DoT drags TRAI to court

Tata Chem profits climb to Rs 135 cr

SEBI halts plantation schemes

Speculators drive down rupee further