Tarapore cautions against interest rate cut
Former Reserve Bank of India deputy governor, SS Tarapore, is a concerned man. And his concerns range from a reduction in interest rate at this point in time to operational issues like the reintroduction of the 182-day T-bill, sector-specific refinance, and cheque writing facility for money market mutual funds.

Slowdown to continue, says I-Sec
The Central Statistical Organisation's (CSOS) estimate of a GDP growth rate of 5.8% for 1998-99 could come a cropper in view of the decline in kharif output, according to the ICICI Securities and Finance Company (I-Sec).

Reckitt may exit from food, aromatic chem
Reckitt & Colman of India Ltd has decided to exit from food products (Robinson Barley), aromatic chemicals and denture products as these businesses do not fit into the core business areas identified by the company.

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