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Court receiver for JK SynthMUMBAI: The Mumbai High Court has appointed a receiver to take possession of assets worth Rs 586 crore belonging ...

Court receiver for JK Synth

MUMBAI: The Mumbai High Court has appointed a receiver to take possession of assets worth Rs 586 crore belonging to the Singhanias-owned JK Synthetics. The company, which recorded a loss of Rs 118 crore in 1996-97, has defaulted in repaying more than Rs 950 crore by way of loans to banks and financial institutions.

Mori-India launches scheme

MUMBAI: Mori India, a Mumbai-based research firm, is offering `keep in touch’ (KIT) service which will provide a close look at the market without waiting for large scale studies and long time spans for decision-making.

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The objective is to provide an ongoing marketing service that will collate information from 1,000 house holds in the four metros and/or 500 households from smaller markets as per the target group definition. `KIT’ is therefore is like having an own `mini’ research and getting an advantage of exclusive information and cost benefits because of the increased field productivity, claims a company statement.

BSE calls Peregrine officials

MUMBAI: The Bombay Stock Exchange has decided to re-assess the books of Peregrine Securities for the settlement ended January 9 and has called a meeting of its representatives. The move – which puts the lid on rumours that BSE had decided to suspend the trading rights of Peregrine Securities – comes `as a measure of caution’.

Silver suffers setback

MUMBAI: Silver prices suffered a heavy setback due to brisk stockist selling. Silver ready .999 fineness nosedived by Rs 140 per kg to Rs 8,240. Raw silver .916 fineness and tenderable silver also slumped by Rs 140 each to Rs 8,140 and Rs 8,245 respectively. Gold prices declined moderately due to fresh arrivals. Standard gold declined by Rs 15 to Rs 4025. 22-carat gold was quoted lower at Rs 3725.