Jewellery sale

Article Abstract:

The Indian government intends to auction off at least 50 billion rupees worth of public company shares during FY 1992. Out of the 250 state-owned companies, 131 are considered attractive investments. Previous public offerings have netted the government more than 30 billion rupees. The government's decision follows a Feb 1992, cabinet ruling that increased private ownership limits in state-owned enterprises to 49%. Among the more profitable companies earmarked for sale are Air India and Indian Airlines.

Management, Privatization, Privatization (Business), Government business enterprises, Public enterprises

---

Local liquidity

Article Abstract:

Tirupur, a small Indian town, accounts for 90% of the country's cotton knitwear exports, but it does not have sufficient infrastructure to support the knitwear industry. However joint public and private initiatives aims to develop a build-operate-transfer water and sewage treatment project. Local industrialists have formed the Tirupur Exporters Association (TEA) and the provision of a direct water supply network is its main aim. Other TEA initiatives involve improving and building more roads.

Legislative Bodies, Public Works & Transportation, Public works, Clothing industry

---

One step too far

Article Abstract:

A recent stockmarket scandal in Bombay is remarkable chiefly because the Securities and Exchange Board of India (Sebi) is taking serious action. While that is important, it could encourage a reversion to the era of secrecy and inflated share prices. The debacle involved stock price manipulation by officers of M S Shoes East. Sebi had issued rules that should have prevented the problem from arising, but the market seems unable to settle accounts on time.

Other Footwear Manufacturing, Nonrubber Footwear, Regulation, Licensing, and Inspection of Miscellaneous Commercial Sectors, Securities & Commodities Regulatn, Footwear, Except Rubber, Investigations, Column, Footwear industry, Footwear, Securities, India. Securities and Exchange Board of India, Sachdeva, Pawan, Jhaveri, R.S., M.S. Shoes East

Similar abstracts:

• Abstracts: Clothier of the jet set. No Roman holiday. Joking aside, Merloni targets Europe
• Abstracts: Asia's new arms race. Final exam. Goh's political test
• Abstracts: The discreet charm of the .... Pots of money. German tax lifts deposits
• Abstracts: Getting wired: Seoul hopes viewers will prefer cable over satellite TV. Can do, make do: Hyundai Motors pins hopes on automation
• Abstracts: It's still Russia vs. Japan. Market forces. Waiting for Moscow

This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.