Zee Telefilms plans to list on New York Stock Exchange
Zee Telefilms plans to list on the New York Stock Exchange after the merger of the Mauritius-based Zee Multimedia Worldwide with the parent company.

UTI bleeds Rs 2,048 cr as redemption saga continues
Investors have pulled out a whopping Rs 2,048 crore from the Unit Trust of India's open-ended and close-ended schemes during April-February 1998-99.

Crisil downgrades Hudco's Rs 500cr debt programme
The Credit Rating Information Service of India (Crisil) has downgraded the rating of Housing and Urban Development Corporation Ltd's (Hudco) Rs 500 crore bonds programme and fixed deposit programme, from `AA' to `AA-' and `FAA' to `FAA-' respectively.

  Market Briefing
  Foreign funds buy into stocks worth Rs 100 cr
  Polls apart, market stays in bull orbit
  Stamp duty waived for US-64 bailout plan
  DSP-ML equity fund to raise exposure to cyclical stocks
  Funds overweight in fancied stocks pay a price
  Deepak Nitrite -- Moving on the right track
  Punters target Electrosteel Castings on hopes of a liberal bonus
  PNB Mutual to launch two new schemes on May 10
  Birla AMC seeks nod for ownership restructuring
  CSE launches online surveillance system
  Shares on the move
  Sensex has potential to move up in the medium term
  Reliance rises above technical barrier
  Commodity Briefing
  Farmers hold back rapeseed, mustard stocks
  Soyameal exports hit by depressed prices; bumper crops in US, Brazil
  Japan expects oil concession deal with Kuwait soon
  Sluggish month seen for Euroland; weak industrial sector hits economy
  Korea extends bank stake talks, ends exclusive rights to Newbridge Capital
  Market Round-up
  Financial Briefing