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Friday, August 20, 1999

RBI panel for tightening returns system
The working group set up by the Reserve Bank of India (RBI) has recommended the introduction of a comprehensive returns system for the effective monitoring and surveillance of international banking statistics of Indian banks.

ICICI board approves Rs 2,165 cr equity issue
The board of directors of ICICI Ltd has approved a series of equity issuances to mobilise Rs 2,165 crore to enable them to maintain their holding at the current level of 29.1%.

IT sector tops in market capitalisation
Infotech was the number one sector in terms of market capitalisation in August 1999, according to a Nasscom survey on the performance of the Indian software industry.


Corporate Results


  Sensex falls by 75 points
  Country will achieve 7% growth -- Sinha
  IOC-Reliance tax issue hots up
  BJP manifesto guide vows more market reforms
  Govt allows hedging in gold
  Feedback Ventures plans Rs 100 cr core sector fund
  Poor infrastructure to hit rolling settlement
  IA slashes fares by 25 per cent
  Bizbits
  CLB lists 300 defaulting cos



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