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Sunday, June 27, 1999

ICICI plans to come out with GDR issue
Term lending firm ICICI Ltd has decided to issue global depository receipts (GDRs) some time later this year of about $ 400 million.

Cos take BIFR cover to avoid loan repayment
The best way for Indian corporates to avoid repayment of loans to financial institutions and banks seems to be the BIFR route.

Vysya Bank pays 35 pc dividend
The Vysya Bank has posted a net profit of Rs 30.54 crore during fiscal 1998-99. The bank's deposits during the period have gone up by Rs 762 crore to reach Rs 6,510 crore, a growth of 19.29%.



  Internet -- STPI to take VSNL head-on
  The cost of Kargil vs other Indian bailouts
  Forex reserves down by US $ 200 million
  FIs to look into Essar-Marathon MoU
  Commercial vehicles, two-wheeler sales up
  Sorry your honour, I have a war to run, pleads DoT
  IMF gold sale debate hotting up
  Huge investment in power soon
  Bayer on $ 100 m gene-hunting venture with Lion AG of Germany
  Bizbits
  Swiss to sell gold in phases
  Oil prices soar as inventories take a plunge
  Central Bank net drops 16.3%
  Grasim, Infosys GDRs bullish
  Pressure on AI, IA over aircraft issue
  Steep rise in spices exports
  US Fed may raise interest rates
  Asia's rising currencies threaten exports



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