The Financial Express -- Economy

Thursday, August 21 1997

Centre may tap SDF kitty to revive Iisco

The Centre is considering channellising a part of the Rs 6,000-crore Steel Development Fund (SDF) kitty for modernising the Indian Iron and Steel Company Ltd. The SDF funds will be an alternative to rehabilitating the sick subsidiary with Russian capital and knowhow.

Spain keen to invest in India

Faced with saturation in European and Latin American markets, Spanish businessmen are contemplating investments in India with a view to target the yet untapped South-East Asian market. They have shown interest as they see India as an excellent base and as a "gateway to South-East Asia".

Govt can't take action against Basu: Star TV

The West Bengal government feels that Rathikant Basu was invited to join as chief executive officer of Star TV's Indian wing only to share and advise the company about government secrets, policies, programmes strategies and structures both existing and proposed.

DoT allows cellular operators to ring in equity

PM's statement downs rupee to 36.14

Court asks CBI to arrest Indian Overseas Bank chief

Importers scurry for cover as rupee swings fortunes

Political -- Fodder scam accused surrenders

Market players locked in debate over `ideal' band, feel rup

World Briefings -- Merck expects good second-half earnings

Mill land release may not cause price fall

Investors beware - the new game is warehousing

Trade Briefing -- India urged to promote intra-Saarc trade

Talks with European Union set to start

Customs, excise staff stage walkout over pay commission report