The Indian Express -- Business

Tuesday, December 09 1997

FOREX RATES INDICES STOCK

Industrial output down by 6%

Mirroring the poor offtake and the low demand in the economy, the country's industrial production rate in the first half (H1) of 1997-98 plummeted to 4.7% as compared to 10.7% during April-September last year. The downward pressures continued unabated in September when the Index of Industrial Production (IIP) went up by only 2.1% as against a robust 9.4% recorded last year, as per the quick estimates of IIP released by the Central Statistical Organisation (CSO).

RBI panel to bridge banks, FIs

The Reserve Bank of India (RBI) yesterday constituted a six-member working group headed by S H Khan, chairman, Industrial Development Bank of India (IDBI) to "harmonise the role and operations" of banks and financial institutions. According to the RBI, the working group will review the role, structure and operations of DFIs (development financial institutions) and commerical banks in emerging operating environment and to suggest changes.

Indian companies set to list on NYSE

The chairman and chief executive officer of the New York Stock Exchange (NYSE) Richard A Grasso expects several Indian companies to list on the world's biggest stock exchange over the next few years. He expects that as many as 50 Indian companies to tap the US capital market as a second source of capital (outside of India) and seek NYSE listing.

Bizbits -- Rupee loses ground

Two top Swiss banks to merge

RBI panel to bridge banks, FIs

Maran wants FIPB to be scrapped

Restructure before privatisation, says Tram

Silver crosses the Rs 7,500 mark

Halla of S Korea turns big defaulter

Shaw Wallace auditors in dark about net worth

Indian companies set to list on NYSE

Hyundai group to reduce investments by 30%

SEBI to query on DSJ scheme

Sensex remains steady

Daewoo buys Ssangyong

Industrial output down by 6%

State may peg IMFL prices at a new high