The Financial Express -- Markets

Monday, October 6 1997

Reserve Bank allows Karur Vysya to pay 50%

The Reserve Bank of India has permitted Karur Vysya Bank to pay a dividend of 50% to its shareholders. This is the first instance of a private sector bank being allowed to pay more than the stipulated 25% dividend in this fiscal.

Millennium software bug threatens financial chaos

The millennium bug computer crisis threatens a global liquidity lock-up that could send the world's financial markets crashing. With computers and automated systems now dominating global financial trade, experts fear the failure of a small proportion of systems on January 1, 2000, would bring chaos.

Hong Kong gets set for China Telecom float

China Telecom (Hong Kong) is set to shake the share market this week with Hong Kong's biggest ever initial public offering, and financial officials are gearing up for possible strains on the banking system.

Insat-2D abandoned; NSE forced to shut down for 3 days

There's plenty of room, but no growth

The market is expected to move in a zig-zag pattern

Dematerialisation process surges ahead; to cross Rs 10,000-cr

Friday's market distortion highlights need for badla

Future appears bleak for several open-ended income funds

Fund Card -- Sharp focus helps Top 200 appreciate 24%

Prerequisites for successful derivatives market

Reserve Bank allows Karur Vysya to pay 50%

Fund Update -- 7% dividend in Alliance Liquid

Asian market rumblings likely to dent Japan fund mangers' pickings

Millennium software bug threatens financial chaos

Hong Kong gets set for China Telecom float

Falling market price renders rights issue of Indian Resorts unattractive

There is much steam left in Hawkins Cookers

Rating Watch -- Highest ICRA rating to Telco CP