The Indian Express -- Business

Wednesday, August 6 1997

FOREX RATES INDICES STOCK

HLL, SEBI set for tough legal battle

An intense legal battle between Hindustan Lever Ltd (HLL) and market regulator Securities and Exchange Board of India (SEBI) is brewing over the issue of insider trading.

SAIL sales down by 5%

The depression bug seems to have bit the Steel Authority of India (SAIL) on the face. Steel sales (in quantity terms) are down by as much as five per cent in the first quarter of 1997 (April-July) in comparison with the corresponding period in the previous year.

Sterling to launch $175 m ADR issue

Sterling Computers of the Essar group is giving final touches to launch its $ 175 million American Depository Receipt (ADR) issue. The issue proceeds would be used by the group to fund its cellular phone network in Uttar Pradesh (West) and Punjab circles.

Fortis Fin downgraded

Castrol fares well, to pay 10% dividend

HLL profits up by 40%

Minor can buy UTI units

Sensex sails past 4,500 mark

GDRs too buoyant

Model airport plan a damp squib

NBFC limit may be raised

HLL refutes insider trading charges

Bull run keeps Sensex buoyant