The Indian Express The Financial Express Latest News Elections '98 Express Investment Week Market Indicators Screen Express Computers Travel & Tourism Advertisers Forum Information Technology Drumbeat: Ad Buzzaar Astrosurf Eco-India Career India Business Forum Match Maker Express Properties

Corporate Economy Expressions Markets Leisure Thursday, March 19, 1998   NSE to seek members' go ahead to make paperless trading compulsory post April 6 The National Stock Exchange (NSE) plans to approach members for a consensus on compulsory demat trading on the bourse in certain securities post April 6 in a bid to enable investors to exit from their securities in the demat mode which is currently plagued by low liquidity. Consequently, dematerialised shares would be allowed to be delivered in the physical segment as well.   RBI reverses tight money policy, cuts bank rate by 50 basis points to 10.5% The Reserve Bank of India (RBI) has cut the bank rate by 50 basis points to 10.50%, reversing its tight money policy. Bankers expect the RBI to slash the cash reserve ratio (CRR) in the next few days. BSE may introduce derivatives trading The Bombay Stock Exchange (BSE) is preparing a blue print on the introduction of derivatives trading in the country. Relax disclosure norms in offer documents: AMFI The Association of Mutual Funds of India (AMFI) has decided to approach SEBI for relaxation of certain guidelines with regard to disclosures in the standard offer document. The market regulator plans to revamp the standard offer document for mutual funds.   RBI hikes securities prices to rein in interest rates; yields crash The Reserve Bank of India (RBI) has hiked the prices of the government of India securities on its sale window, sending out a strong signal that it wants the interest rates to come down. Security prices across the board jumped reacting to the RBI move and the yields crashed. SEBI not to regulate timeshare industry The panel appointed by SEBI to frame regulations for collective investment schemes has decided to keep the regulation of the time-share industry out of its purview. The committee will also keep out health clubs or any other recreation centres which come out with membership schemes out of the definition for collective investment schemes.     Silver nosedives on panic selling; palm oil spurts   Berkshire doesn't rely on inflation figures   Bank-rate cut may throw spanner into ICICI bonds greenshoe plan   SEBI directs Castrol to allow part-demat of shares   Investors take to housing finance scrips   In a delicately poised market, the balance is tilted towards the bulls   Pivotals rally on speculative buying   Cybercash agrees to acquire ICVerify   Market Round-up   Dow Jones to sell Markets to Bridge for $510m   Market Briefing   Yen may not look up without Japan's tax cuts, say dealers   CARE assigns PR1+ rating to Raymond debt programme   Taiwan dollar faces downtrend on slipping yen, dipping exports   Defining fair value for Asian currencies a fairly tough task   Footsie sets record high   UTI Bond Fund not suited for short-term investors   Raasi to defer counter-offer to ICL bid   IBP to go ahead with public issue