Saturday, August 21, 1999
Rupee closes at all-time low of 43.57
The month of August does not appear to be an August one for the Indian currency. The rupee finished at 43.5650/5750 on Friday, its lowest close ever.
Maruti Udyog sets turnover target at Rs 10,000 cr for 2000-01
Maruti Udyog Limited has set a turnover target of Rs 10,000 crore for the first year of the millenium. The company plans to a launch a string of new models but has put on hold setting up of a gearbox manufacturing unit in collaboration with Suzuki Motor Corporation of Japan.
Essar Steel plans to secure floating rate note holders
Essar Steel, which has 60 days more to wriggle out of its $250 million floating rate note (FRN) repayment obligation, is planning to woo noteholders for opting for a rollover by offering them a pari passu charge on the company's assets.
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