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Corporate Economy Expressions Markets Leisure 17 January 1998   Steps will cool forex rates, says Chidambaram The new RBI measures will ensure that the Indian rupee will no longer depreciate against the dollar, according to Union finance minister P Chidambaram. Chidambaram announced that the new measures will bring some much-needed stability to the forex markets and endorsed the package whole-heartedly.   SEBI to inspect 50 plantation firms; 315 file information The collective schemes floated by plantation companies are now to be scrutinised by the Securities and Exchange Board of India (SEBI). SEBI will initially inspect the schemes of 50 of the 315 companies that have floated such schemes. SEBI has already banned new collective schemes while also banning fresh collections under the existing schemes IDBI Bank seeks more time for public issue from RBI IDBI Bank has sought more time from the Reserve Bank of India to come out with a public issue of equity shares. The bank, promoted by IDBI and SIDBI, is required to come out with a public issue according to RBI norms. The bank is now likely to float the public issue in the next financial year. NSE chief calls for evening session R H Patil, the managing director of NSE has mooted the introduction of night trading sessions at the NSE. Patil also called for a short session of about 2 hours on Saturday which would enable to absorb the happenings at the markets abroad.   MF norms must be regulated on NBFC lines, says Tarapore Former Reserve Bank of India deputy governor SS Tarapore has called for regulation of mutual funds along the lines of non-banking finance companies with regard to their assured income schemes. Tarapore expressed this view while speaking at the fourth annual financial services convention held at Mimbai on Friday. Fund mobilisation through rights falls Fund mobilisation through rights issues fell substantially in 1997-98, with only 34 companies entering the market till December last to raise Rs 1,494 crore, according to a study conducted by Prime Database. The stucy reveals that in the first nine months of 1996-97, as many as 111 rights issues hit the market to raise Rs 2,539 crore, over 40% more than the accruals during this year.     Rupee rallies to gain 40 paise on prescription   Market Briefing   Asian markets rebound after tumultuous week   Profit targets may go haywire with gilts' YTM set to flare up   Market shows signs of consolidation   Steps may deal body-blow to IDBI's Rs1,500 cr issue   Market Round-up   UTI may unveil sector-specific funds for domestic investors   Precious metals harden; cotton up; sugar eases   Punters get wind of RBI steps, make fast buck in bank scrips   300 merchant bankers face SEBI action   SBI Capital to replace deposit portfolio with CPs, debenture   Asian borrowers may be eased out of samurai bond market   Mutual funds "promise" value for money   Calcom Vision rises on interim dividend expectation