The Indian
Express
The Financial Express
Latest News
Express Investment Week
Market Indicators
Screen
Express Computers
Travel & Tourism
Advertisers Forum
Information Technology
Drumbeat: Ad Buzzaar
Astrosurf
Eco-India
Dr Know
Career India
Business Forum
Match Maker
Express Properties
|
Sunday, April 19, 1998
| |
Lloyds Steel, Lloyds Metals merger within 3 months
The loss-making Rs 1,267-crore Lloyds Steel's merger with its subsidiary, Rs 114-crore Lloyds Metals, would be further delayed as the financial institutions are yet to give the green signal. Lloyds Steel's reverse merger with Lloyds Metals has been put into the cold storage by the finacial institutions led by ICICI.
|
|
Nadars checkmate Essar in TMB
With the board of Tuticorin-based Tamilnad Mercantile Bank (TMB) casting aside its own earlier order allowing transfer of shares acquired by seven firms, the stage appears set for a fresh round of legal war. More than anything else, the Thursday's decision of the board has brought the Ruias back on the centre-stage of the unfolding TMB saga.
|
 |
Banks forced to consider bit of healthy pruning
Liberalisation in the banking sector and entry of foreign banks in the country may force nationalised banks to shut down more than 3,000 branches all over the country soon, in order to stay in the competition. According to banking sources, in the first phase the banks would make a proposal for closing down loss-making branches and in the second these branches would be closed down.
|
CanBank MF's Canpremium goes open-ended
Canbank Mutual Fund's close-ended Canpremium scheme, launched on May 16, 1991, was converted into an open-ended income-cum-growth scheme on February 1, 1998. This was done after a majority of its investors opted for continuing with the scheme.
|
|
|
|
