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Thursday, October 29, 1998

President's visit holds up fiat on shares buyback
Corporates will have to wait for a few days more for the ordinance on share buyback. The government on Wednesday forwarded the ordinance to president KR Narayanan, who is expected to sign it only after a couple of days as he is on a visit to Gujarat.

DCA move to shuffle inspection directors draws protest murmur
The Department of Company Affairs (DCA) under the ministry of law, justice and company affairs has, in an unexpected move transferred two regional directors and two directors of inspection and investigation (DII) on Monday.

RBI dumps Khan advice on regulator, set to inch towards universal banking
The Reserve Bank of India (RBI) has rejected the SH Khan committee's recommendation for setting up a super-regulator to supervise and co-ordinate activities of multiple regulators in the financial sector.


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  Malaysia controls may delay reforms
  Deluge stops Australian cane crushing
  UK sugar beet farmers worried over global warming
  Kuwait for third round of oil output cuts
  IMF objects to asset sales to Indonesian cooperatives
  China affirms economic growth goal
  Japan's 1998 GDP may see 2.6% fall
  Officers' confederation calls off mass leave plan
  Public sector units may not be able to buy back their shares after all
  Global economic recovery round the corner
  CVC talks tough, sets stiff deadline for state-run banks' computerisation
  Executive Briefing
  Morgan Stanley overweight on India
  Power ministry sets up four task forces at PM's behest
  UK firms' local investments may touch $8 bn by 2000
  India needs to be a technology exporter


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