The Indian Express The Financial Express Latest News Elections '98 Express Investment Week Market Indicators Screen Express Computers Travel & Tourism Advertisers Forum Information Technology Drumbeat: Ad Buzzaar Astrosurf Eco-India Career India Business Forum Match Maker Express Properties

Corporate Economy Expressions Markets Leisure Saturday, March 21, 1998   Market prepares wish-list for new FM The Sensex gave him only 20 points, a token welcome to the new finance minister. But the stock markets have already started generating its wish list and the ground is being prepared for a longer shot in the days to come.   Lack of consensus blocks SEBI clearance of Bhave panel report Opposition from within the SEBI board has obstructed the clearance of the crucial Bhave Committee report on continuing disclosures by corporates. SEBI has sought a fresh opinion from associations and stock exchanges. SEBI may impose Rs 10-crore net worth on plantation firms The SEBI panel on collective investment schemes is considering a net worth requirement of 10% of the amount collected by the company or Rs 10 crore, whichever is higher, to be brought in by the promoter of such a scheme. It has also suggested that only limited companies be allowed to float such schemes. CBDT notifies ICICI on Section 80L benefit for its Rs 400-cr safety bonds Investments in the ICICI safety bonds may soon be eliglible for benefits under Section 80L of the Income Tax Act. CBDT has asked the Mumbai-based institution to submit the bond certificiates with their distinctive numbers after completion of the allotment process for it's consideration. ICICI officials interpret this as an informal approval for their bonds.   BSE to revamp objection procedure The Bombay Stock Exchange (BSE), in a move to revamp the objection procedure, has asked receiving brokers to raise the objection in respect of identified shares against the introducing broker instead of the delivering broker. The decision to this effect was taken at the meeting of the concerned department on March 4. Khaitan Chemical's rights issue at a premium to its market price The Rs 4.52 crore rights offer from Khaitan Chemicals and Fertilizers Limited (KCFL) is primarily to part finance its Rs 17.25 crore expansion project and to augment its longterm working capital requirements. Although KCFL's scrip is hovering around Rs 18, its current 1:2 issue is being offered at Rs 30.     Silver suffers fresh setback; groundnut oil slides   Balmer Lawrie Van Leer parent plans to convert debt into equity   SBI MF's Magnum Multiplier Plus Scheme '93 to go open-ended   Market has some steam left, may face resistance at 3,914   Nirma's warrants on a slippery path on bourses   Commodity Briefing   Takeover candidates run out of steam   Speculators perch Nedungadi Bank scrip to six-year high on BSE   Rich Paints barred from tapping market for a year   Market revalues Siemens India;scrip rises by 19% to Rs 200   HK, Tokyo stocks spurt on currency strengths   Market Round Up   Crisil downgrades Welspun India debt plan to triple-B   Asian currencies gain at dollar's cost   Steady start in unfavourable market   "Hong Kong dollar not overvalued"   Fund Update   Optimism continues to prevail   Book profits in Raymond   Bulls make a beeline for videshi stocks   Market Briefing