The Financial Express -- Markets

Tuesday, July 22 1997

Takeover panel partially exempts Abbott, Lupharma

SEBI has granted partial exemptions to Abbott Laboratories, USA and Lupharma GmbH from making open offers under the new takeover code while hiking their stake from 40% to 51% in Abbott Laboratories India and Knoll Pharmaceuticals respectively.

Depository slashes custody charges by half

The National Securities Depository Ltd has slashed custody charges payable by its depository participants (DPs) by half to 0.035% per annum. The move is expected to provide the much-needed thrust to the growth of the depository.

CSE Deliveries to be routed through clearing house

The Calcutta Stock Exchange authorities have amended the byelaws of the exchange to make it mandatory for members to route their deliveries through the clearing house mechanism. The only exceptions would be spot deals and odd lot deals where direct delivery versus payment between the members would be allowed.

Camlin erases red, scrip bounces back

Bullion divergent; groundnut oil bullish

Buy/sell/hold

Currency crisis keeps rubber market down

Market takes a breather, but can the recovery be sustained?

Sebi forms panel to prepare investor education blueprint

Ready for a downtrend

Market Round-up -- Call Money

Sterling rises against mark

Badla rates can dampen market sentiment