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Sunday, August 23, 1998

BJP warns against rupee devaluation
The Bharatiya Janata Party (BJP) national executive has warned against competitive devaluation of the rupee and asked the government to draw up a `contingency strategy' to improve market sentiments.

FIPB okays 40 projects; Fiat, Toyota, Global Trust Bank get
The Foreign Investment Promotion Board (FIPB) cleared about 40 proposals involving a total foreign equity of Rs 500 crore yesterday.

Tata Airline plan to be taken upon August 29
The Foreign Investment Promotion Board (FIPB) has decided to take up Tata Industries' much-delayed airline proposal at its next meeting on August 29.

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Global Tenders invited by MSTC

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Procter & Gamble net jumps 32% to Rs 43 crore, sales up to Rs 441 crore
Procter & Gamble (P&G) India yesterday announced a 31.6% rise in its net profit to Rs 43.18 crore for the year ended June 1998, against Rs 32.8 crore reported last year.

 


CORPORATE
Continental Coffee net worth halves on Rs 18-crore losses
HDC set to hive off Malanpur steel plant

ECONOMY
Delhi, 5 Asian nations to chalk out trade plan
`Export target may not be achieved'

EXPRESSIONS
Udham Singh Nagar farmers reap harvest of entrepreneurship
High minimum service limit makes forfaiting an untapped option

MARKETS
Rupee package props Skindia Index 3%
Reliance slashes POY price; cotton improves

LEISURE
Play-school fees the first stumbling block in elementary education
`The buzzword is providing value-addition to customers'


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