The Indian Express -- Business

Saturday, August 2 1997

FOREX RATES INDICES STOCK

Ratna gets stuck in Mukta-Panna row

The awarding of the Ratna and R-series to the Essar-Premier Oil consortium appears to have got stuck following the controversy over the awarding of fields to the Reliance-Enron consortium -- a public interest litigation was filed in the Delhi High Court last week on the matter.

Pvt ISPs get fee waiver for two years

The Telecom Commission has decided to allow private internet service providers to do business without any licence fees for the first two years of their operations. This offer is contained in the new Internet policy approved by the commission at its last full board meeting.

ICICI raises $ 150 mn

The Industrial Credit and Investment Corporation of India (ICICI) yesterday launched its $150 million Yankee bond issue of 10-year maturity as part of its global medium-term note programme finalised in March.

L&T sales up 23% in first quarter

Export growth fall

PSL likely to sell synthetics division

Market lot rules revised

Anti-dumping directorate general likely

Bizbits -- Foreign cos to share forex firm equity

Mascarenhas moots A-I, IA integration

Values improve further

EU bans Indian seafood

Rupee falls against dollar

GSFC, GIIC likely to be merged