Rediff Logo Business Banner Ads
Find/Feedback/Site Index


October 1997

• October 30
NSE gains 74.4 points as exchanges worldwide rebound
Chidambaram hardsells India to Americans
Gujral Doctrine for industry
Maharashtra threatens action against Time magazine
Forex: Rs 36.31-32/$; Rupee loses five paise

• October 29
NSE loses 88.20 points as Indian bourses join global crash
13 years to complete Kerala hydropower project
Coca Cola India to go public
BSE: Closed for Diwali
Forex: Rs 36.26-27/$; Rupee holds steady

• October 28
BSE: 3934.33; Sensex falls further 23.13 points
NSE: 1120.80; Nifty loses 15.85 points
Forex: Rs 36.2650-2750/$; Rupee gains

• October 26
India opposes multilateral talks at Commonwealth meet
Need to rethink India's economic strategy: Manmohan Singh
Gold, silver prices crash in Bombay market
Stock Market Review: Dismal week for BSE, NSE

• October 25
Goa bans all forms of liquor advertising
Panel favours Cochin as transshipment port
Maruti launches upgraded Esteem model
Czech engineering firm to set up Indian unit
BSE: 3957.46; Sensex falls further 52.31 points
NSE: 1136.65; Nifty fall unabated, loses 15 points
Forex: Rs 36.22-23/$; RBI enters to rescue rupee

• October 24
Tatas in the wrong, says Bengal CM Jyoti Basu
CPI-M flays preshipment evaluation plan
Naval aircraft engine overhaul facility at Cochin soon
BSE: 4009.77; Hong Kong fall plunges Sensex 72.93 points
NSE: 1151.65.77; Hong Kong falls and Nifty sheds 18.2 points
Forex: Rs 36.23-24/$; Sharp rupee falls, forward premia rise

• October 23
Kerala to have hydrofoil service soon
State Bank, Bank of Baroda cut interest rates
Indian petroleum consortium eyes UAE market
BSE: 4082.7; Sensex loses 34.29 points
NSE: 1169.85; Nifty loses 5.10 points
Forex: Rs 36.18-19/$; RBI fails to stop rupee rise

• October 22
RBI Credit Policy: Cuts in bank rate, cash reserve ratio
Policy will boost industrial production, says governor
Right direction, but will not help growth, say economists
Bid to deepen and widen investors' participation
Finance minister hopes credit flow will improve
Business chambers welcome policy
BSE: 4116.99; Sensex loses 37.85 points
NSE: 1174.95; Nifty loses 13.25 points
Forex: Rs 36.20-205/$; RBI intervenes

• October 21
RBI credit policy may cut interest rates
Foreign direct investment of $ 10 bn forecast
MD's 'letter' to ULFA chief puts Tata Tea in further trouble
SC may set aside anticipatory bail of Tata Tea execs
Japanese plan to invest in tourism
BSE: 4154.84; Sensex gains 48.58 points
NSE: 1188.20; Nifty rises 10.40 points
Forex: Rs 36.22-23/$; Rupee loses slightly

• October 19
ONGC prospecting for LPG off Goa coast
L&T consortium to get order to construct new port in Orissa
Karnataka to build Bangalore-Mysore expressway
Indian exports will bounce back, says Exim Bank chief
Stocks Review: BSE, NSE rise; record volumes in turnovers

• October 18
Assam police deny bias against Tata; interrogate others
Nationalised banks to reopen branches in Kashmir
Delhi HC notice to Daewoo Finance in CRB scam case
Exports in dollar terms fall, imports rise
BSE: 4106.26; Sensex gains 29.21, volumes hit Rs 10 bn
NSE: 1177.80; Nifty rises 9.45, volumes cross Rs 20 bn
Forex: Rs 36.19-195/$; rupee rises further

• October 17
Reliance's continues march towards global aim
Rel Petro setting up largest grassroot refinery
Shareholders approve all RIL resolutions
Gulf Air, Kuwait Airways divest from Jet Airways
Gold, silver import policies liberalised
BSE: 4077.05; Sensex gains 42.50 points
NSE: 1168.35; Nifty rises 17.90 points
Forex: Rs 36.21-22/$; rupee up by 1 paisa

• October 16
Govt ignored Disinvestment panel's advice
Assam offensive to continue, says Mahanta
Partial clearance for Bombay-Pune expressway
BSE: 4034.55; Sensex gains 23.15 points
NSE: 1150.45; Nifty gains 12.55 points
Forex: Rs 36.22-23/$; rupee regains 2 paise

• October 15
Govt to monitor flows into country
Reliance achieves record half-yearly sales, profits
Delhi HC issues notices to Centre, CAG, Enron, Reliance
SC uphold anticipatory bail for Tata Tea executives
BSE: 4012.40; Sensex falls 53.65 despite Reliance results
NSE: 1137.90; Nifty falls further, loses 19.05 points
Forex: Rs 36.245-255/$; rupee loses 4 paise

• October 14
Need to review non-merit subsidies, says govt advisor
Tata Tea directors leave Guwahati after questioning
Draft plan suggest privatising airport security
Fourth phase of Koyna power project nears completion
BSE: 4066.05; Sensex gains 8.68 points on Reliance surge
NSE: 1156.95; Nifty loses 6.6 points after good opening
Forex: Rs 36.215/$; little movement on a dull day

• October 11-12
Taj AGM ratifies Ratan Tata, Krishna Kumar's appointments
MP offers joint ventures in diamonds
Govt guidelines for miniratnas
India must diversify exports, say analysts
Maharashtra moots Rs 55.6 bn Konkan, Tapi porjects
BSE: 4057.37; Sensex gains 77.14 to cross 4000 mark
NSE: 1163.55; NSE sees record business volumes
Forex: Rs 36.22/$; rupee loses paisa in hectic market

• October 10
CBI begins probe into tapping; Kidwai interrogated
RBI considering options to popularise govt securities
De Beers might reenter India
BSE: 3979.96; Sensex gains 49.73 points
NSE: 1134.55; Nifty gains 19.85 as NSE reopens
Forex: Rs 36.22/$; rupee loses 2.5 paise

• October 9
Mormugao to double port area, enhance operations
Now, Tatas linked to Bodo militants
Tata Tea directors' anticipatory bail extended
NSE all set to resume operations
New patent regime worries medical reps.
BSE: 3930.23; Sensex gains 20.77, rises for third day
Forex: Rs 36.19-20/$; rupee dips in forward section

• October 8
Corporates Beware! Phones may be tapped
Assam CM blasts Jethmalani for letter supporting Tatas
Ram Jethmalani asks Assam govt not to hound Tatas
Assam governor denies speaking to Sam Maneckshaw
Arunachal CM urges action to reduce unemployment
Bombay, Delhi airports to be made international hubs
NSE to merge October 1 trading with next settlement
BSE: 3910.46; Sensex gains 52.12 points; crosses 3900 mark
Forex: Rs 36.185-195/$; RBI's dollar sales have little effect

• October 7
Govt orders probe into Tata telephone tapping controversy
Tatas refuse to comment
Assam govt concerned at harbouring of Gogoi
Who's who in the Tata tapes controversy
IA hikes fares, railways hike freight fare
NSE to resume trading on Thursday
BSE: 3857.34; Sensex gains 9.61 points; Volumes drop
Forex: Rs 36.175-185/$; RBI sells dollars

• October 5
India's first international pepper exchange set to open
Mini-ratna: Govt grants 97 PSUs autonomy
NTPC to double power generation by next decade
Allahabad Bank seeks loan to modernise operations
Lacklustre week on BSE, NSE hit by snag

• October 4
INSAT-2D snag forces NSE to suspend trading
Need to boost intra-SAARC trading, says Ahluwalia
Goa in the running for free port city
Maharashtra unwilling to shut loss-making PSUs
BSE: 3847.73; Sensex falls 57.78 points
Forex: Rs 36.165-175/$; RBI buys a few dollars

• October 2
MPs' forum against experts' panel to frame new patent laws
Japan keen to increase direct investment in India
Workers to get share in new plan for sale of textile mills land
US move to curb child labour may hit Indian exports
BSE: 3905.51; Sensex recovers from morning low
NSE: 1114.70; Nifty loses 9.1 points
Forex: Rs 36.18-19/$; RBI steps in to halt rupee rise

• October 1
Govt determined to increase exports, E-commerce on the anvil
Japanese businessmen upset with Maruti fiasco
New civil aviation bill in next session, says minister
Spanish High! 10-year deal signed
BSE: 3902.03; Sensex goes below 3900, recovers
NSE: 1123.80; Nifty loses 1.9 points
Forex: Market closed