The Indian Express -- Business

Thursday, May 22 1997

FOREX RATES INDICES STOCK

RBI files petition to liquidate CRB in HC

The Reserve Bank of India (RBI) has filed a petition in the Delhi High Court seeking winding up of CRB Capital Markets Limited (CRBL) and appointment of an official liquidator.

Jenson and Nicholson plans fund-raising

Jenson & Nicholson India Ltd has posted net sales of Rs 142.15 crore for the year to March 31, 1997, against Rs 146.78 crore for the previous year.

New licences may be shelved

The Reserve Bank of India (RBI) is likely to shelve issuing licences for new private sector and local area banks as it has come under fire for issuing an "in principle" banking licence to the shady CRB group, say RBI sources.

BIZBITS

Koyo Seiko to hike stake in Sona Steering

MRTPC directs Hind Lever to withdraw iodised salt package

PSU Cement units sick

RBI files plea to liquidate CRB

SEBI bars CRB MF custodian from sale of securities

Govt crackdown on CRB

White paper on sugar soon

Bridgestone hikes stake in JV with ACC

Hughes not allowed to float two subsidiaries

Pivotals lose moderately

Dithering daunts divestment panel