Thursday, September 23, 1999
ICICI ADS priced at $9.8, trades at $11
ICICI Ltd created history by becoming the first Indian company to list shares on the prestigious New York Stock Exchange (NYSE) on Wednesday.
IMF advises sweeping reforms
The International Monetary Fund (IMF) has recommended sweeping reform measures for India, including privatisation of state-owned banks, reduction in public sector deficit, deregulation of product markets and liberalisation of the trade regime, to perk up the economy.
G7 clears IMF gold sale plan
In a compromise package to avoid crash in gold prices, the world's seven richest countries have finalised a mechanism for the IMF to sell about one-tenth of its gold reserves to central banks and not on the open market as part of a global initiative to finance debt relief to 36 of the poorest countries.
|
|
