The Indian Express -- Business

Wednesday, December 03 1997

FOREX RATES INDICES STOCK

Infosys to launch $75 million ADR issue

In its bid to capture US market, Infosys Technologies Ltd (ITL) plan to issue American Depository Receipts (ADRs) upto US $75 million and subsequently seek listing on a US stock exchange. Plans are also afoot to tap the booming markets of japan and Europe.

ICICI introduces new debt instruments

ICICI is introducing a range of debt instruments which include two simultaneous issues of unsecured redeemable bonds in the nature of debentures -- Money Multiplier bond and Regular Income bond -- aggregating Rs 250 crore and a Tax Saving bond aggregating Rs 50 crore.

CRR cut may push up interest rates

The Reserve Bank of India's decision to hike the cash reserve ratio (CRR) by 50 basis points to 10% will suck out Rs 2,400 crore from the banking system. Consequently, interst rates are bound to shoot up in the coming days.

Jalan raps speculators, rupee recovers as RBI raises CRR

CRR cut may push up interest rates

Seven Tata Ind directors to quit

Bizbits -- Sahara referred to SEBI

Banks may rush to lure NRIs

RBI rejects JVG application

Thai stocks, baht thrashed

Infosys to launch $75 million ADR issue

ICICI introduces new debt instruments

Crisil downgrades Key Corp, Subhash Arora

IMF package to cause shakeout in Korea

SWC board clears accounts

Pivotals remain subdued

Joshi confident of completing savings target