Tuesday, August 10, 1999
Sensex gains 64 points
Pivotals gained ground on the Bombay Stock Exchange (BSE) today due to all-round buying by operators and renewed institutional support.
FIPB okay for ICICI zee plans
FIPB today permitted ICICI Ltd to issue American Depository Receipts and global depoitory receipts worth $ 500 million while allowing Mahindra and Mahindra to sell off its entire holding in a joint venture with Otis Elevator Company of the United States.
SBI steps in to avert a major rupee crash
The Indian rupee which fell to the year's low of 43.58/59 bounced back to close higher at 43.40/42 as State Bank of India stepped in and sold dollars to stabilise the floundering rupee in a highly volatile foreign exchange market on Monday.
|
|
