The Financial Express -- Markets

Tuesday, July 15 1997

NSE to submit details of fake shares entry

The National Stock Exchange (NSE) will shortly submit details to the Securities & Exchange Board of India (SEBI) of instances where fake shares have been introduced at the bourse through brokers of other stock exchanges.

Merchant bankers seek segregation of fee, fund-based businesses

The Securities and Exchange Board of India (SEBI) yesterday held a meeting with the Association of Merchant Bankers of India (Ambi) to thrash out several issues that have come to light in the wake of the CRB Capital Markets fiasco. The main point of discussion was the issue of segregation of the fee and fund-based activities of a merchant banker so that there is no confusion about the regulation of these functions.

Hudco plans Rs 500cr bonds float

Housing and Urban Development Corporation (Hudco) plans to raise Rs 500 crore through private placement of taxable and taxfree bonds. In a fluctuating interest rate market, the coupon payable on these bonds will be decided through a book building exercise.

Delhi drama derails dream Sensex drive

Smitten market fears mid-term polls

Delhi HC adjourns Paramjeet's case till July 29

Precious metals decline; castorseed, oil spurt

London gold looks higher but lacks confidence

Bunds remain protected despite weak mark

Banks pile into US-64 units in secondary market

Market round-up -- Call Money

Cotton sectorfaces spurt in demand, slump in production

CSE asked to recover margin payments

Mark to market -- Politics dampens market sentiment

HK stocks open higher on stronger US market