Falling global rates put pressure on FCNR funds
Banks are desperately trying out innovative ways to avoid losses on their costly FCNR(B) deposits in the back drop of falling international interest rates.

Recession hits textile markets
The recession in the economy has had its toll on the textiles retailing as well. Even the peak season sales like those during Diwali are yet to pick up and left may retailers worried.

Soyabean production to touch 62 lakh tonnes
The Soyabean Processors Association of India (SOPA) has projected soyabean crop at 62 lakh tonnes for the oil year beginning from November 1998. According to a report prepared by SOPA, the crop is flowering in most of the areas.

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