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FINANCIAL EXPRESS FRONT PAGE

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Wednesday, April 14, 1999

Stock Update Forex Update

RBI brings mutual benefit companies on par with nidhis
The Reserve Bank of India has reportedly prescribed regulations for mutual benefit companies (MBCs) not notified by department of company affairs (DCA) and brought them on a par with the notified nidhi companies -- mutual benefit finance companies.

Rathi for friendly cooperation with NSE
Anand Rathi, the new president of the Bombay Stock Exchange (BSE) has indicated the beginning of a new era of friendly co-operation with its arch-rival National Stock Exchange.

Sebi suggets on-line monitoring of listing agreement
In a bid to give a boost to corporate governance, Sebi has directed all stock exchanges to set up automated cells to monitor compliance of companies with their listing agreement.


Inspirations furnishing fabrics


  LML, Carrier Aircon, Vesuvius fail to sign up for depository trading
  Austrian firm tro pick Siel 43% stake in venture
  Comodity Briefing
  Asian Development Bank mulls global bond issue
  Sebi seeks to streamline margin system
  Sebi chief DR Mehta nixes bourses' demand for rolling settlement
  BOINEG to go open-ended; further depreciation in NAV likely
  Market disagrees with IPCL disinvestment pricing
  Market-place
  Appellate authority rejects BSE claim
  Market expected to move up as prices stabilise
  NSE forecast -- Political drama calls for greater vigil
  Balrampur Chini to remain depressed
  Spice markets all the country witness mixed trends
  Market Round-Up
  Floating Stock -- Select favourites
  Market Briefing
  Reserve Bank ready to divest stake in IDFC



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