The Indian Express -- Business

Wednesday, December 17 1997

FOREX RATES INDICES STOCK

New auto policy fails to cheer companies

The new automobile policy, which proposes to tighten the screws on car manufacturing companies, has still left certain grey areas. There is no formula laid down in the policy for calculating the indigenisation as there can be various methods of calculation adopted by different companies.

Govt okays stock options for PSU staff

The government has decided to introduce a stock option scheme for employees in public sector units (PSUs) that are going in for disinvestment or fresh issue of equity. The new scheme would replace the existing one for direct sale of upto 200 shares per employee.

DoT marketing wing plan kicks up row

The Department of Telecommunications (DoT) decision to set up an independent marketing division at the headquarters in the capital has met with stiff opposition within the department. The proposal for the new marketing wing included the creation of three additional senior level posts at Sanchar Bhawan.

MoF cries foul over JCT interest free loans to subsidiaries

New auto policy fails to cheer companies

DoT marketing wing plan kicks up row

SIB to raise capital base

RBI package may push up interest rates

Pivotals rally further

RBI, SBI $ sale averts Re fall

Revenue officials go on over-drive

Manmohan urges industry to focus more on exports

Govt okays stock options for PSU staff

Bombay Dyeing downgraded

Bizbits -- CS First Boston to buy BZW