The Financial Express -- Markets

Saturday, November 8 1997

Tata Mutual Fund cuts exposure in affiliate firms

Tata Mutual Fund has reduced its exposure in affiliated companies under the Tata group from 24.08 per cent on March 31, 1997, to 14.14 per cent on September 30. This came to light in its half-yearly report for 1997-98. Although Sebi's regulations require the mandatory disclosure and transparency of portfolios only on an annual basis, Tata Mutual has been giving this data on a half-yearly basis.

SEBI bars two merchant banks from taking on new business

SEBI has shot off letters to a few merchant banking firms which have recently been downgraded by the rating agencies, asking them not to take on any fresh assignments till they achieve some financial stability. SM Finance Ltd and Credential Finance Ltd are two such companies which have been warned by the regulatory authority following a depreciation in their financial strength.

FIIs continue with their selling spree

Share prices declined further on the Mumbai Stock Exchange (BSE) yesterday despite good buying support from Unit Trust of India. The foreign institutional investors (FIIs) continued their selling in fundamentally strong scrips.

Prudential to invest Rs 51-cr to pick up 55% in ICICI's AMC

Silver shoots up, gold bounces back; sugar declines

UTI sticks to assured returns for now, but trims coupon on MIP

Engineers India sees volatile trades on listing after two-year delay

SEBI bars two merchant banks from taking on new business

Tata Mutual Fund cuts exposure in affiliate firms

Divergent trend in Mahindra & Mahindra

FIIs continue with their selling spree

Bombay Dyeing hits the market with three-tranche, $38mn ECB

Rupee free fall continues; closes at 36.53

Nikkei plunges below 16,000 points

Crisil assigns P1+ rating to Century commercial paper

Yen strengthens against major currencies

Higher net fails to stem fall in Esab scrip

Market Round-up -- Call Money