Reserve Bank allows private, foreign primary dealers into gilts market
The RBI has thrown open the primary government securities market for private and foreign players. The RBI on Thursday granted "in principle" approval to seven entities to be accredited as primary dealers (PDs) in the government securities market.

Over 49,000 investors still hold Canstar; AMC faces Rs 67cr gap
Over 49,000 investors are still stuck with their investments in the Canstar scheme which continues to suspend repurchase of units. Even after the one-time buy offer from Canara Bank last year, 49,454 investors are holding these units as on March 31, 1998.

SEBI move on open-offer threshold bugs panel
Some prominent members of the Bhagwati panel on takeovers have expressed a strong dissent over the rationale behind and the manner in which SEBI cleared the hike in the threshold limit from 10% to 15% without the committee's consent.

  Cotton futures trading put off
  Liffe cocoa heading to contract lows
  Korean refiners to hike output capacity
  "Centre hindering free import of onions"
  Market Round-Up
  Precious metals move in narrow rannge; cotton reacts
  Financial Briefing
  Unit Trust hikes US-64 repurchase price by 15 paise
  Mumbai bourse accepts Satyam's record date
  ITC, Castrol halt Sensex downslide
  Buyback provides little succour to US-64 scheme
  SBI may have to bail out Magnum Triple Plus
  Auto fund from IL&FS Venture Corp
  Top foreign banks jump on to the depository bandwagon
  MSGF buys back 2.26 cr units in H1
  Software stocks appear attractive
  SKF Bearings
  Stocks stage recovery on late buying
  Market Briefing
  Commodity Briefing