07 February 1998
SEBI amends MF norms, makes full disclosure of portfolio mandatory The Securities and Exchange Board of India (SEBI) has made it mandatory for mutual funds to disclose the entire portfolio of their schemes in the annual report. It has also defined the term `fundamental attributes' of a scheme to include the type of a scheme, investment objective and terms of issue.	Afghanistan quake leaves 4000 dead A powerful earthquake jolted Afghanistan's remote northeast this week, killing as many as 4,000 people, an Afghan official said yesterday in the first casualty reports to emerge. The quake hit the city of Rustaq, 280 km north of the Afghan capital, Kabul, destroying 15,000 homes. Tremors of varying intensity reportedly rocked the mountainous area for hours afterwards. Ministry approves Rs 325 cr fresh equity infusion into IA The Union finance ministry has approved a revival package for Indian Airlines (IA) which proposes injection of fresh equity worth Rs 325 crore in a phased manner. The equity, however, can be utilised only to purchase new aircraft by the state-run airline. Further, the domestic carrier will also have to meet a number of performance parameters in order to earn the Rs 325-crore equity injection.
WEEKLY SNAPSHOTS MID: Men in Drag Drag acts in Hindi cinema have been extremely popular over the years. Now more than ever, men in drag are in the news, with a recent spate of films featuring men dressed as women. A look at the new phenomenon of drag appeal. The great car shake-out A fierce blaze has started to sweep across the sub-continent called India. The heat caused by India's reckless concessions to finance and investment firms and by the disregard its economic planners have paid to framing a policy before embarking upon what they described as economic liberalisation is likely to see many enterprises getting roasted on the spit. One of the major casualities could very well be the automobile industry.   TOP STORIES FOR FEB 07 Atul divests 3% stake in Novartis to retire high-cost debt Castrol net jumps 67% to Rs 159 crore Clinton tightens noose around Saddam, rushes more marines Iraq sets conditions for inspection Female human bomb kills self, six others in heart of Colombo	Web Posted at 08:10:40 IST WORLD Parliament allows job dismissals for speaking poor Latvian According to the new measures approved by the the Parliament of Latvia, employees who don't speak sufficiently fluent Latvian may be fired by the companies. FINANCE GLOBAL COMMODITIES: Cotton futures on NYCE lower on declining Asian demand The declining demand in Asia has been the main factor for cotton futures on the New York Cotton Exchange ending lower on Friday. EARTH India lost 5,500 sq km of forests in last three years: report The 'State of the forest report--1997' has revealed that the forest cover in India has depleted by 5,500 square kilometres. HEALTH BAT mobile speeds stroke treatment Patients suffering from a stroke now have a new saviour. No, its not a drug. It's a mobile telecommunication system called BAT. An Express view of Elections '98