The Financial Express -- Markets

Tuesday, August 26 1997

UTI India Access Fund beats Nifty; leaves investors unmoved

The India Access Fund - the overseas index fund from the Unit Trust of India (UTI) - is currently outperforming the Nifty index by nearly 80 basis points. However, this performance does not seem to have enthused overseas investors.

Malwa Cotton exempted from making public offer

The Securities and Exchange Board of India (SEBI) has exempted the promoters of Malwa Cotton Spinning Mills from making a public offer for 20% of the equity capital while increasing their stake in the company to 54.8% from 48%.

Guilty brokers will not be let off hook, says SEBI

The Securities and Exchange Board of India (SEBI) is in the process of completing its enquiry against brokers who were pulled up for various offences during the October 1995-January 1996 period.

RBI steps in to steady rupee at 36.25

Warburg Pincus to pick stake in Neuland Laboratories

Market Round-up -- Call Money

Indonesian rupiah firm

US treasuries remain steady

Primary market revival seems remote: Prime

Tokyo bonds touch record high

Badla rate hovers around 13%