
Friday, March 12, 1999
Infosys ADR listed on Nasdaq
Infosys Technologies has made history, striking up the first Indian name on the Nasdaq roster. The Infosys American Depositary Receipt made a debut at US bourse Nasdaq, where technology stocks come home to roost, at a price of $34.
Depository system faces first glitch at SHCIL end
In the first case of a breakdown in the depository system, the systems of the Stock Holding Corporation Ltd (SHCIL), one of the leading depository participants, crashed on Tuesday, severely affecting the pay-in of about 1,800 transactions.
Sebi alters norms for contesting elections at BSE
Sebi has introduced certain changes in the Bombay Stock Exchange (BSE) bye-laws, enabling even the "constituted attorney" to contest elections at the exchange.
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