Friday, December 18, 1998
CII suggests credit rating for income funds
Mutual funds launching income funds should be rated by credit rating agencies to enable investors to understand the risk and return associated with them, the Confederation of India Industry has said.
Air strikes wipe 72 points off Sensex
The joint air strikes on Iraq by the US and Britain provided the much-needed reason for foreign institutional investors (FIIs) liquidate their long positions.
Rs 100cr saving seen in switch to dematerialisation
The Indian capital markets would have saved upwards of Rs 100 crore, maybe close to Rs 200 crore, by the end of the current fiscal owing to dematerialisation.
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