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FINANCIAL EXPRESS FRONT PAGE

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Friday, March 12, 1999

Stock Update Forex Update

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.


Inspirations furnishing fabrics


  German firms seen slow to tap bond markets
  Patents Bill fails to move pharma scrips on bourses
  Market Round-Up
  Cap on institutions' bill-discounting exposure to finance firms lifted
  Mehta asks bourses to set up cells to track down `vanishing' firms list
  A launchpad for new acquisitions, says Infosys chief
  Can Infosys sustain its lead over global majors?
  Sensex sees largest post-budget correction
  Rs 55-crore net expected in fourth quarter
  Domestic trading marked by hopes and despair
  Ashok Leyland is revving up on turnaround hopes
  Market Briefing
  Floating Stock
  It's an ex-bonus windfall for investors
  Assured return funds have to pay a dividend tax of Rs 172 cr
  Commodity Briefing
  Shares on the move
  Groundnut oil dips on higher inflow; cotton improves
  CSE chief keen on expanding delivery-based business
  Asian markets end mixed



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