4 Harris Web-Offset Printing Machines for Sale

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Friday, March 5, 1999

Select panel caps foreign stake in insurance ventures at 26%
The Standing Committee on Finance in its meeting on Thursday decided to limit foreign equity to 26% in new insurance companies in its recommendations for modifying the Insurance Regulatory Authority (IRA) Bill. The committee decided that the reservation of 14% equity for foreign institutional investors and overseas corporate bodies mentioned in the IRA Bill be scrapped.

Reserve Bank plans lower CRR on gold deposits
The Reserve Bank of India is planning to bring down cash reserve ratio (CRR) on gold deposits and exempt the yellow metal from statutory liquidity ratio (SLR). In effect, banks will be required to maintain a twin-level of CRR -- one for rupee deposits liability and another for gold deposits.

Centre revenue target may go awry as firms eye tax loophole in Sinha opus
Corporates are set to exploit a loophole in the Union budget presented by Yashwant Sinha for fiscal 1999-2000. They are set to get a tax shield from investments in mutual funds which is likely to affect the Government's revenue targets and prove to be a windfall for corporates.

4 Harris Web-Offset Printing Machines for Sale


EXIM Bank International Trade Research Award 1998

Ashwa Energy Capsules

MSTC wishes you a Happy New Year

Operators unwind; Sensex down 38 points
The post budget rally finally took a breather on Thursday after operators unwinded their positions ahead of the end of settlement at the Bombay Stock Exchange on Friday. The Sensex, which had gained 339.29 points in three consecutive days of rally, shed 38.46 points to close at 3601.96 on Thursday.

 


CORPORATE
Kerala picks up 11% stake in Petronet Kochi
New twist to Tamilnad Merchantile saga

ECONOMY
IMF urges Asia to encourage more private sector creditors
Local polyester staple fibre makers rebut Reliance claim on dumping

EXPRESSIONS
The Codex conspiracy
Collapse of the public distribution system

MARKETS
Reaction can bring Sensex down to 3400-3500
Rally percolates to smaller bank stocks

LEISURE
Agencies queue up to lure the summer traveller
Pepsi Foods brings World Cup trophy



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