Bizbits

Since the gold bonds issued in 1993 are to be repayed in gold, arrangements for repayment of these bonds together with the lumpsum interest for the five year period at a rate of Rs 40 for each gram are being made, an official release said here today. The arrangements for repayments are being made at the offices of the RBI and main branches of State Bank of India as specified in the 1993 notification when the issue of gold bonds were announced.

Two cr RPL shares traded on BSE

MUMBAI 8212; In an otherwise dull market, Reliance Petroleum stole the limelight with the day8217;s volume shooting above the 2-crore mark on the Bombay Stock Exchange. The scrip recorded a volume of over 45 lakh shares on the National Stock Exchange NSE. After initial listing in early 1994, this is probably only the second time that the scrip has attracted such huge volumes.

A few foreign funds are believed to have invested heavily in oil stocks including Reliance Petroleum. Heavy buying pushed the scrip by over 8 per cent on the BSE and NSE, and the scrip shot up from Rs 24.10 to Rs 26.3 before settling at Rs 26.05 on BSE.

Tata Exports launches DAKS

MUMBAI 8212; Tata Exports Ltd TEL and DAKS Simpson Ltd, Britain8217;s 100 year old apparel manufacturing company have signed a distributorship agreement to market the entire range of DAKS premium menswear in the country. The products include suits, jackets, blazers, trousers and a wide selection of accessories.

Century Gases8217; supply tie-up

MUMBAI 8212; Century Gases amp; Petrochemicals Ltd CGPL has entered into a supply agreement with Hindustan Aegis LPG Bottling company Ltd, Reliance and Bharat Shell Ltd for supply LPG gas to meet its requirements to clear backlog of refills, Vijay Tata, managingdirector of the company said. He regretted hardships faced by consumers during 1997 on account of short supplies of gas by supply companies.