SEBI suspends Chandravijay Shah & Co: SEBI has suspended the certificate of registration of Chandravijay Shah & Co, a category IV merchant banker, on May 14 till the expiry of their period of registration for non-payment of annual registration fees.

Super Tannery board meet: The board of Super Tannery (India) Ltd will meet on May 30 to take on record the unaudited financial results for the six months ended March 31, 1998.

Birla MF assets rise: Birla Mutual Fund has closed fiscal 1997-98 with assets under management of over Rs 700 crore, registering a growth of 100 per cent overthe previous year. The mutual fund has declared an annual dividend of 14 per cent in Birla Income Plus Plan A.

4 Canbank schemes outperform Sensex: The year ended March 31, 1998 has seen Canbank Mutual Fund consolidate its operations besides restructuring. Among the seven growth schemes, four schemes outperformed the BSE Sensex and the Crisil-500 index. The income schemes Cancigo and Cangilt distributed dividends of 12.50 per cent and 12.25 per cent. Canstar's NAV increased by 18 per cent and that of Canstock by over 13 per cent.

IDBI plans to launch 4 schemes: The equity schemes of IDBI appreciated during 1997-98. The NAV of D-Nit '95 appreciated by 17.30 per cent, that of G-Nit '95 by 11.60 per cent and Tax I-Nit '96 by 5.70 per cent. Call I-Nit '97 has given an annualised yield of 11.61 per cent. The debt schemes have given annualised yields of 14.90 per cent for Deposit I-Nit '97 and 14.90 per cent again for the Child I-Nit '97 plan. The fund is also planning to launch IDBI Mix-n-Map'98, IDBI Pension I-Nit '98, IDBI Safety I-Nit '98 and IDBI Index I-Nit '98.

Nifty drops 13.50 points: Equities drifted downwards on the NSE on Wednesday in the wake of fresh selling pressure. The NSE-50 Index settled at 1,090.95, losing 13.50 points over the previous close. The Mid-cap index, however, improved by 7.90 points to end at 1,640 points. The total volume stood at Rs 2,313.73 crore on the exchange.

DSE shares plunge on nervous selling: Frantic selling by foreign funds and speculators over reports of the World Bank postponing loans worth $865 million pulled share prices down on Wednesday on the Delhi Stock Exchange. The DSE Index shed 23.55 points to close at 826.94 over fears of reduced dollar inflows into the country as well as the pressure on the rupee which touched a new low of 41.48/52.

ITC leads fall on CSE: A sharp fall in ITC's share price on persistent selling saw share prices of other scrips slide further on the Calcutta Stock Exchange on Wednesday. The 40-shareCSE Index eased to close at 2,129.02 points after moving between 2,169.85 and 2,126.59 points.

MSE Index loses 56 points: Blue chips came under heavy selling pressure on the Madras Stock Exchange on Wednesday on profit-taking. The MSE Share Price Index dropped by 56.06 points to close at 4,210.75. Software stocks, however, continued to report hectic activity in view of the depreciation in the value of the rupee against the dollar.

Skindia Index falls by 4.88%: The Skindia GDR Index dropped by 4.88 per cent from 864.25 to 822.10 on May 26. The Skindia GDR Index p/e ratio was 18.90 on May 26 compared with 20.03 on May 25. The top gainers were Indian Aluminium, Videocon International and Raymond Woollen which quoted at $4.00 ($3.25), $3.80 ($3.40) and $7.15 ($6.75) respectively. Losers included Spic, Ranbaxy Labs and ITC.

Call rates end at 6%: The overnight call money rates remained easy on Wednesday. The call rates opened at 6.25-6.50 per cent as against their previous close of 6-6.25per cent. They eased in the afternoon to finally close at 5.75-6 per cent. A few deals were also struck at 4.50-5 per cent, dealers said. The market was squarish, they added.

Rupee hits record low: The rupee hit a record low of 41.50 against the dollar on Wednesday. The rupee opened at 41.25/41.30, compared with its previous close of 41.17, and soon touched its historic low of 41.50 owing to corporate interest and short-covering by banks. Reports of the World Bank's hold on loans and European Union sanctions affected the market, dealers said. The rupee finally closed at 41.31/35.

Silver plummets, gold eases: Silver prices crashed on Wednesday due to a fall in global prices. Silver of .999 fineness and raw silver fell by Rs 290 and Rs 285 to close at Rs 7,440 and Rs 7,335 per kg respectively to a new low in the year. Gold standard and 22-carat moved down by Rs 35 and Rs 30 to Rs 4,150 and Rs 3,840 per 10 gm.

Groundnut oil prices decline: Edible oil prices reacted on Wednesday.Groundnut oil fell by Rs 4 to Rs 425. Palmoil dropped to Rs 372 from Rs 379. Linseed oil eased to Rs 385 from Rs 380. Groundnut ready bold at Rs 1,980.00, castoroil commercial at Rs 288, castors ready Madras at Rs 1,286.00 and linseed ready bold at Rs 1,400.00 ended unchanged from their previous levels.