The Indian Express -- Business

Thursday, December 25 1997

FOREX RATES INDICES STOCK

Mini-ratna recast to be delayed

The search committee formed by the government to select non-official directors for the 97 mini-ratna PSUs will take at least three months to finish the task. As a result the actual restructuring of the mini-ratna boards is likely to happen only once the new government takes charge after the general elections.

GE Caps eyes stake in Anagram Finance

After its bid to acquire SRF Finance, GE Capital is now eyeing a controlling stake in Anagram Finance, the finance arm of the Sanjay Lalbhai group. GE Capital has already initiated talks with the promoters of the Lalbhai group for the purpose.

Govt to salvage Andrew Yule

Andrew Yule & Co Ltd has received the much-awaited financial revival package from the Central government. The Centre's package comprises an equity infusion of Rs 19 crore, long-term loan fund of Rs 17 crore and Rs 20 crore towards conversion of plan fund into equity.

Bizbits -- Re weakens against dollar

Industry growth falls in 1997

Pivotals remain subdued

Mini-ratna recast to be delayed

Narasimhan to head bank panel reforms

Korean stocks plunge again

HC reprieve for Spic promoters

Bad debts catastrophe rocks Korea Inc

Novartis India sales up by 3 pc

Cabinet okays 26% Nalco stake in IAPL

14 regional SEs start ISE operation

GE Caps eyes stake in Anagram Finance

Railways freight earnings up

IDFC allowed to up foreign equity

Govt to salvage Andrew Yule

Crisil puts Timex under rating watch