The Indian Express -- Business

Wednesday, December 10 1997

FOREX RATES INDICES STOCK

HBAMC to merge with Credit Capital AMC

HB Asset Management Company (HBAMC) has announced its merger with Credit Capital Asset Management Company (CAMCO). The merger is the first of its kind in the domestic mutual fund industry. The merger ratio has been fixed at 24:25, with 25 shares of HBAMC being swapped with 24 shares of Credit Capital Asset Management Company (CAMCO).

More cos take the self-appraisal route

After the saga of high premium issues and entry of dubious promoters, promoters of companies seem to have taken the self-appraisal route while raising public funds for projects. The number of such self-appraised companies -- which vetted the project cost, financing details and implementation by themselves without any help from FIs and banks -- has gone up significantly.

Task force likely to revamp DoT operations

With the announcement of the elections and a four month delay in the formation of the new government, the Department of Telecommunications (DoT) plans to change its strategy for restructuring the six-lakh strong work force under it in order to prevent the loss of time in the interim period.

Bizbits -- SBT gets more autonomy

More cos take the self-appraisal route

HBAMC to merge with Credit Capital AMC

Chidambaram backs Maran on scrapping of FIPB

London gold hits 13-year low

Reforms are too slow

Sanghatana stir for better deal to cotton-growers

ITC crash hits sentiment

FIIs press panic button

PSUs outperform pvt cos in sales, profits

Dow Jones, NBC to merge TV business

Task force likely to revamp DoT operations

Sail plunges below par

WB against power cover