RBI ban on Dugar Finance
MUMBAI: The Reserve Bank of India (RBI) has prohibited Chennai-based Dugar Finance from accepting public deposits for violating various provisions of the RBI Act, 1934 and the applicable central bank's directions. The RBI has prohibited the company from accepting deposits in any form whether by way of fresh deposits or renewal of existing deposits until further orders. The prohibition is effective from November 3.SEs to usher in Samvat on Sunday
MUMBAI: The Bombay Stock Exchange (BSE), the National Stock Exchange (NSE) and the Over-the-counter Exchange (OTC) of India would remain open on Sunday for a special "Moorat trading session" on account of first day of new Samvat 2056. The "Moorat trading" will be conducted from 7 pm to 8.30 pm. However, all the three markets would remain closed on Monday.
ABCI award for Colour-Chem
MUMBAI: At the annual awards nite held on October 29, Clipboard, the management magazine of Colour-Chem Ltd was awardedtwo prizes by the Association of Business Communicators of India, a national body comprising professional business communicators. The Clipboard won the first prize in the `new publication' category and a certificate of merit in `Tabloids'category.
Suryoday Allo-Metal to expand unit
MUMBAI: Suryoday Allo-Metal Powder Ltd, a leading producer of iron powders has undertaken an 11,000 tonne capacity expansion from 8,260 tonnes to 19,200 tonnes. With this expansion, the company is slated to become the largest producer of iron powder in India.
Copyright © 1999 Indian Express Newspapers (Bombay) Ltd.
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