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Monday, November 23, 1998

Stock Update Forex Update

Future looks bright for IPSTA-run bourse
Thirteen months after commencing commercial operations, the IPSTA-run International Commodity Exchange (IPSTA-ICE) in Kochi is hoping to take off with the finance ministry giving the green signal to start dollar-denominated contracts in pepper futures.

Inter-ministerial wrangle over contentious issues continues
Even as the Companies Act (Amendment) Bill is ready allowing share buy-back, nomination facility and provision for issue of sweat equity, among others, divergent opinions marked inter-ministerial consultations on these issues.

ICICI meets global investors in a bid to hardsell battered scrip
Term-lending institution ICICI has embarked on a fire-dousing mission abroad to convince foreign institutional investors (FIIs) about the "worth" of its shares. The "mission" followed the fall of the ICICI share price by over 60% since April this year.


The National Stock Exchange of India (NSE)

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Patel Roadways Limited


  Mayya committee meet to discuss uniform settlement cycle proposal
  East India Jute, Hessian exchange legal battle likely to continue
  Ear to the market
  Singapore crude steady
  Forward December contracts in potatoes to be signed shortly
  Hedging in commodities yet to take off
  Pepper sees mixed trend
  Malaysian palm oil prices seen down
  Increasing vanaspati imports from Nepal threaten domestic markets
  CSCE coffee prices likely to fall due to excess supply, say experts
  Copper under pressure, likely to fall
  Investors come back to gold
  European Union clamps duties on Indian stainless steel exports
  Use of recycled scrap can help increase aluminium consumption


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