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Friday, July 17, 1998

Stock Update Forex Update

Reliance raises Rs 225 crore via debenture issue
Reliance Industries Ltd (RIL) has successfully raised Rs 225 crore through a one-year debenture issue priced at 13.25%. With this, the petrochemical giant has raised Rs 375 crore worth of short-term debt in the last three weeks.

Bank of Baroda mulls GDR float to fund overseas expansion plan
Bank of Baroda may float a global depository receipts (GDR) issue to back its ambitious overseas expansion plans. BoB on Wednesday appointed international consultants Deloitte Touche & Tohmatsu to help restructure its international operations.

UTI Bank fixes premium at Rs 11 per share
UTI Bank has pegged the offer price for its Rs 73-crore public issue at Rs 21. Earlier, the premium was expected to be in the range of Rs 11 to Rs 15.


The National Stock Exchange of India (NSE)

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  Hindustan Lever guilt goes beyond violations of insider trading law
  Marketplace Briefing
  Pakistan rice rates jump on currency volatility
  US Access crude prices hold steady
  Mid-east crude market starts September trade
  Cross-border loan market dries up
  Illiquidity may stymie ICICI bid to buy back overseas bonds
  HDFC to raise Rs 100 cr through private placement
  Drama in presidential elections
  Strong won may revive South Korean base-metal demand, say tr
  Market may see another bull run
  Castrol -- Exit at current levels
  RBI pins hopes on Rs 5,000cr inflow to auction on-tap stock
  Market Briefing
  Primary dealers, banks plump for forward trading of on-tap stock
  Slowdown stings Kotak Securities, halts fixed deposits' mopup at 10 centres
  Sensex spurts 123 points as market gives a thumbs-up to sanctions dilution
  Commodity Briefing
  Market Round-up
  Business growth is priority, says new CSE chief
  DSP Merrill bags Euromoney award
  Desi corporates fail to cash in on Asian crisis
  Tax sops give a further boost to infotech stocks on bourses
  Dematerialisation helps Tata MF save on costs
  Low inflation propels stocks to record high
  Asian markets rally around strong yen
  `Asian crisis not over yet'
  1.09 lakh demat shares traded on NSE, BSE

Touchwood Agrotech Pvt. Ltd.


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