The Indian Express -- Business

Tuesday, November 18 1997

FOREX RATES INDICES STOCK

Re sinks to 21-month low

The rupee slipped to a new 21-month low of Rs 36.89 against the dollar despite the Reserve Bank of India's (RBI) intervention in the inter-bank foreign exchange market here on Monday. Even though the RBI pumped in an estimated $150-200 million, it could not stem the volatility in the market.

No hasty decision on CAC, says FM

Finance minister P Chidambaram has ruled out any "hasty decisions" with regard to capital account convertibility (CAC). Speaking to a UK business delegation on Monday, Chidamabram said the country would proceed with caution along the roadmap laid down by the Tarapore Committee on CAC.

Corporate profits rise in H1

If the performance of companies in the first six-month period ended September 1997 is any indication, the corporate sector is likely to perform better in the current year. According to a study conducted by the Centre for Monitoring Indian Economy (CMIE) while sales growth declined further during the first half of 1997-98, there are signs of recovery in profits. The study covered the H1 results of 53 manufacturing companies during October 1997.

Re sinks to 21-month low

No hasty decision on CAC, says FM

HFCL offer to DoT to end stalemate

Sensex pulls NAVs of open-end funds down

BoB unveils H1 results sans net profit

Gold prices plummet

M&M net goes up 21.64% at Rs 112.44 cr

Bizbits -- Jalan to take over on Saturday

Corporate profits rise in H1

Bad loans sink Japan's 10th largest bank, scrips move up

IBEF may reduce funding to projects to 33%

18.81% rise in IFCI profit

"ECB ceiling unlikely to be lifted"

State ministers "on poll" duties; to contest for sugar co-op