| |
Jardine Fleming prepares for uncertainty, trims staff
The south-east Asian financial crisis has begun to have a direct effect on foreign brokerages in India. Jardine Fleming India Securities, the securities arm of the Hongkong-based Jardine Fleming, has made "minor changes" in its staff strength at Mumbai. Some of the other foreign brokerages are also likely to follow suit.
 |
|
Peregrine Capital knocked at FIs' doors to offload underlying shares
Fearing the likelihood of Peregrine Investments facing liquidity problems overseas and its subsequent impact on India, Peregrine Capital India had reportedly approached domestic financial institutions (FIs) to pick up the underlying stocks accumulated by its overseas corporate bodies (OCBs) in the form of participatory notes.
|
 |
