The Indian Express -- Business

Saturday, November 22 1997

FOREX RATES INDICES STOCK

ITC stuns market with Rs 301 crore net profit

ITC has announced a net profit of Rs 301.73 crore in the six months to September 30, 1997, compared to Rs 180.80 crore in the corresponding half in 1996-97, a significant growth of 68%. Operating profit margins have improved to 34.52% from 24.2% in the comparable period.

Peugeot pulls out of India

Peugeot of France, which fought a bitter battle with its partner Premier Automobiles, has announced that it is getting out of the joint venture by selling its stake in PAL-Peugeot Ltd. Peugot has also signed an out-of-court settlement in Paris, thus ending a long drawn legal proceedings against its partner.

Speculators batter rupee

The foreign exchange market was taken over by "speculative elements" during the last 15 minutes of trading. The rupee which had found a cushion at 37.50 for the past three days, broke all barriers in a sudden spurt of speculative activity to close the day at 37.80/85 - an intra day fall of 40 paise.

Speculators batter rupee

IOC H1 net jumps 7%

Reforms power oil sector stocks

Bizbits -- Pfizer's net drops

ITC stuns market with Rs 301 crore net profit

Gold prices fall below Rs 4100

SBI net crosses Rs 700 crore

Exide to buy Std Batteries

ED to serve 2 more notices on Shaw Wallace

Siemens suffers Rs 157 crore loss

DoT may appoint ombudsman

RBI panel moots hedging abroad

BPCL plans major restructuring exercise

Peugeot pulls out of India