The Indian Express The Financial Express Latest News Elections '98 Express Investment Week Market Indicators Screen Express Computers Travel & Tourism Advertisers Forum Information Technology Drumbeat: Ad Buzzaar Astrosurf Eco-India Career India Business Forum Match Maker Express Properties

Politics Business Expressions General Sports Leisure States 10 February 1998   Aptech announces 1:1 bonus Aptech has recommended a bonus issue in the ratio of 1:1 alongwith a 30% dividend for 1997. The IT company's turnover has risen by 24% to Rs 202.20 crore. Gross profits have gone up by 54%.   Tighter norms for futures trading The LC Gupta Committee report submitted the second part of its reports to SEBI yesterday. The report suggests tightening margin money requirements, capital adequacy norms and management system in the country's stock exchanges. The third report is expected to be submitted by March-end. Crisil downgrades DCM Shriram FD to default category Credit Rating Information Services of India (Crisil) has downgraded two debenture issues and FD programmes of DCM Shriram Industries amounting to Rs 46.95 crore to the default category. The revised ratings will adversely affect the company's operating margins in its main line of business. DoT files nine cases against TRAI in HC The Department of Telecommunications (DoT) has fired yet another offensive against the Telecom Regulatory Authority of India (TRAI). Nine cases filed by the DoT in the Delhi High Court challenging the jurisdiction of the TRAI in intervening in matters relating to licensing issues which the DoT has stated are issues between the licensor (DoT) and the licensee. The cases are scheduled to come up for hearing on February 12.   Swiss chain close to clinching licence for duty-free shops The Airports Authority of India (AAI) may award the license to set up and operate duty-free shops at the five international airports of Delhi, Mumbai, Chennai, Calcutta and Thiruvananthapuram to Switzerland-based Whitener. The International chain will share space at the airports with the India Tourism Development Corporation (ITDC) which currently runs all the duty-free shops in the country. Plantation schemes defined The Dave committee has worked out a draft definition of collective investment schemes in an attempt to formulate regulations for all possible schemes iisued by plantation companies. The committee has also recommended on the working of these schemes.     FI disbursals jump 21%   Bizbits   BSE changes rules to boost dud scrips   Silver falls again   Panel to revise NBFC norms   Pivotals remain subdued   Physical delivery of demat shares allowed   Polls force FIPB operations to screech to a halt   Nedungadi Bank to expand