The Financial Express -- Markets

Wednesday, December 3 1997

Appellate authority directs Sahara India to SEBI

The appellate authority in the Union finance ministry has asked Sahara India Airlines to make a fresh appeal before the Securities and Exchange Board of India (SEBI) to exempt the company from making an open offer to the shareholders of Indiana Dairy Specialities Ltd for retaining the 26.9% stake in the company arising out of a loan default by Indiana.

Calcutta bourse to tighten margin monitoring system

The Calcutta Stock Exchange (CSE) plans to strengthen the administrative set up by recruiting more people and also by "making periodic reviews" of the organisation structure to assess the manpower requirements from time to time.

Birla Mutual Fund plans Taxplan '98

Birla Mutual Fund, which has Rs 750 crore assets under its management, plans to launch an equity-linked savings scheme, Taxplan'98, with an in-built compensation scheme for early investors. The scheme provides income tax rebate of 20% on investments up to Rs 10,000 under Section 88(2) of the Income Tax Act, 1961.

ITC Threadneedle plans to go slow on launch of offshore fund

Korean worries weigh on Asian markets

Open-end funds attract average response

Sensex sheds 16 points on lack of support from institutions

Calcutta bourse to tighten margin monitoring system

Birla Mutual Fund plans Taxplan '98

Crisil assigns AA+ to ICI debt plan

Asian currencies dive as region awaits Korean bailout package

Market Round-up -- Call Money

Markets may succumb to political flux

Appellate authority directs Sahara India to SEBI

RBI's steps save rupee's day; gilts tumble

14-day T-bill yield set to spurt past 5 per cent

UTI's money market fund mop-up crosses Rs 100 crore