Panel moots reverse repo facility for corporates
The Standing Committee on Money Markets, headed by Reserve Bank of India deputy governor YV Reddy, has recommended that the RBI may allow corporates to enter into reverse repo deals with the central bank.

Delhi bourse brokers block merger plan with Ludhiana Stock Exchange
The Delhi Stock Exchange has dropped its ambitious proposal of creating a mega northern region stock exchange through a merger with Kanpur, Jaipur and Ludhiana stock exchanges.

IL&FS floats Rs 25-crore debt issue
Infrastructure Leasing & Financial Services (IL&FS) has entered the market with a Rs 25-crore secured redeemable non-convertible debenture issue.

  Long Term earns $700 m due to debt rebound
  Higher sugar premiums to be temporary
  Asian copper slump to continue
  Korean aluminium Q1 premiums seen at $45
  Gold jewellery export growth marginal in H1
  RBI issues notice on post-euro nostro accounts
  Market Round-Up
  Centre stretches forwards panel chief's tenure
  Rupee to slip to 43.50 by May '99
  Telco figures in Fortune's best bets for 1999 in Asia
  FII purchases keep market in positive territory
  ITC debt fund corpus rises to Rs 40 crore
  Rumour mills play havoc with Pentafour Software
  Kothari equity funds eye pharmaceutical stocks
  NSDL mulls second round of training programme for depository
  WTO criticises Hong Kong over market intervention
  Citicorp Secs zooms on hopes of diversification
  Play in individual stocks
  BHEL
  Cotton prices gain on buying interest; yarn weak
  Market Briefing
  Commodity Briefing