The Indian Express -- Business

Wednesday, May 14 1997

FOREX RATES INDICES STOCK

PM calls meet to end oil price stalemate

Prime Minister I K Gujral has called a meeting of Union finance minister P Chidambaram and Union minister of state for petroleum T R Baalu yesterday to discuss an oil price hike and a possible cut in excise and customs duties on petroleum products.

Decision on sugar decontrol next week

Total decontrol of sugar is in the offing with the food ministry seeking abolition of dual-pricing which will remove the subsidy on the commodity. It has proposed that the subsidy of Rs 600 crore that will be saved should be passed on to lower the price of wheat and rice distributed through ration shops.

Canon to make photocopiers in India

Canon India Pvt Ltd is planning to set up a manufacturing base for photocopiers in India with an initial investment of US $9 million. It is in the process of conducting a study to identify the location at which the plant is to be set up. In India, Canon plans to have 20% market share in photocopiers by the turn of the century.

Standard, VST degraded

CII chief moots sector monitors

Rules for private Internet players on the anvil

Banks exceed priority sector lending target, says RBI

Sensex slides further

Allianz, MMI tie up with Alpic for insurance JV

"Oil decontrol not overnight"

BIZBITS -- UTI's US-64 income limit for ECS up