Gulf crisis rattles GDRs, index down 7.96%
The US attack on Iraq led to panic selling at the GDR (global depository receipts) markets last week, bringing the Skindia GDR Index down by 7.96% to close at 524.49 points on December 17.

Monsanto JV gets FIPB nod
Monsanto Holdings of the United States has received the Foreign Investment Promotion Board (FIPB) nod to pick up a majority 51% stake in EID Parry group's seed development division for Rs 15 crore.

Forex level rises by $125 mn
India's foreign currency assets (FCA) increased by US $ 125 million to US $ 26,679 million during the week ended December 11, 1998. The total foreign exchange reserves were, however, up by only US $ 71 million to US $ 29,754 million.

  Bizbits
  New norms to help shady NBFCs
  Chidambaram wants India Inc to gear up for global competition
  Sugar output likely to fall this year, says Barnala
  CIS accounting norms ready
  EMRs and other patent jargon
  FDI all set to touch $4bn despite fall in approvals in 1998
  Lobbying intensifies for post of Director General, Hydrocarbons
  ACC rights will wrong investors
  WTO investment pact no threat
  CVC proposes confiscation ofpublic workers ill-gotten wealth
  SAPEC to headquarter in India