SBI jumps on to depository bandwagon
The country's largest commercial bank, State Bank of India (SBI) has finally decided to enter the retail depository business in a big way. It has recognised the business as a "priority" and quietly kicked-off retail business on November 2 through six branches in Mumbai and plans to expand the network to over 50 across six cities by the end of the year.

Company Law Board directs Okara Agro to revise repayment schedule
The Company Law Board (CLB) has directed defaulting Okara Agro Industries to revise its repayment scheme as per directions of the Delhi High Court. CLB member A K Doshi also asked the company to apply to the Delhi High Court for sale of immovable property in order to repay the deposit holders.

"Zero-debt" talks propel Vikas WSP by 30% on BSE
Vikas WSP, a non-specified group stock, has suddenly gained favour among market participants. A section of market players attribute this renewed interest in the scrip to the company's strategy of moving towards a "zero-debt" phase.

  Crude slips on weak demand, grains marginally up
  "Coffee export cancellations minimal"
  Oman, Murban crudes move in a firm band
  Vietnam coffee to ease
  Brazil reopens its market to US wheat
  Market Round-Up
  SEBI board clears buyback norms, Dhanuka report
  SEBI to kick off prosecution against five Hindustan Lever officials
  Sensex breaches 3,000 points; foreign funds buy into commodity stocks
  FIIs pull out $5.8 m
  Delhi bourse board member quits; alleges harassment by officials
  Will 3,000 points signal another FII exit?
  Bullish fervour spreads to PSU counters
  Sinking deeper with a bonus issue
  MFs reap demat benefits
  PSEL targets multimedia; reduces exposure to Y2K
  Financial institutions hog the limelight in call money market
  Groundnut oil suffers setback; silver recovers
  Market Briefing