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07 February 1998
  SEBI amends MF norms, makes full disclosure of portfolio mandatory
The Securities and Exchange Board of India (SEBI) has made it mandatory for mutual funds to disclose the entire portfolio of their schemes in the annual report. It has also defined the term `fundamental attributes' of a scheme to include the type of a scheme, investment objective and terms of issue.
  Forex brokers try to stall SBI move
Foreign exchange brokers are making a desperate bid to prevent the State Bank of India from shifting its forex operations to Mumbai. They feel that the decision is politically motivated and will destroy the Calcutta market and its brokers.

Agencies gear up to rate plantation companies
Rating agencies are gearing up for the fresh influx of business that they are likely to receive from plantation companies once SEBI makes it mandatory for them to have their collective schemes rated. The move follows a recommendation made by the SEBI-appointed Dave committee. Rating agencies are in the process of working out the various modalities in order to rate the different schemes launched by plantation companies.
L&T Finance in talks with NBFCs to buy their car-finance portfolios
L&T Finance is negotiating with some leading NBFCs to acquire a portion of their car finance portfolio. This comes close on the heels of the Rs 30 crore worth of portfolio bought from Apple Finance and Lloyds Finance last month. The company is keen on picking up performing car finance portfolio of NBFCs as the price is very attractive.


LIC

Syndicate Bank

NCPRB

 

Lacklustre Wall Street drags London down
Share prices on the London stock market fell in early trading on Friday owing to profit taking and the knock-on effect of a lacklustre performance overnight on Wall Street. The Footsie 100 index shed 31.2 points to 5,575.2. In Paris, the CAC-40 index rose slightly by 0.16 points to 3,189.44, while in Frankfurt the DAX index fell by 17.85 to 4,530.61 and in Amsterdam the AEX index rose 0.2 points at 964.85.

Lock-in period for foreign investments will shake FII confidence, says R H Patil
According to R H Patil, managing director of the National Stock Exchange, there should be no lock-in period for foreign institutional investors (FIIs) as they base their investments on the assumption that they would be free to infuse or withdraw capital. "If a lock-in period for FII investments is introduced, the whole basis of such investment changes and their confidence is shaken," he notes.

 


  Selling silver for the price of gold
  SEBI reiterates directive on Golden Forests
  Escorts Finance offers 14% on 1-year deposit
  Bulk purchase of 1 lakh shares rattles Blue Dart management
  Fuel pumps save Avery India bottomline
  Market Briefing
  Market Round-Up
  Market likely to strengthen further
  Hedge fund yen-buying hidden hand in dollar fall
  Trade in Singapore dollar unrealistic, say analysts
  Regulator moots separate funds act