Thursday, January 21, 1999
Jalan favours better financial regulation
Reserve Bank of India governor Bimal Jalan has hinted at a stronger regulatory framework for the Indian financial markets and banking sector. He said that greater co-ordination between various market regulators and operators is required in order to bring about more transparency and accountability, in line with international norms.
Adrenaline shot for venture funds
The cenrtral government has relaxed the venture-capital guidelines by removing the three-year lock-in period and extending the scope of permissible activities.
Citicorp scrip soars on Citibank stake-hike rumours
The share price of Citicorp Securities Ltd has been shooting up amid market rumours that Citibank, which holds a 34% stake in the finance company, is looking at hiking its equity stake. The scrip, which was quoting at the Rs 34-37 levels during the first half of December, has nearly tripled in value to close at Rs 106.
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