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Saturday, July 18, 1998

Stock Update Forex Update

Vam Organics may sell stake in Insilco to foreign collaborator
Vam Organics of the Bhartias is likely to sell its 34% stake in Insilco Ltd to its foreign collaborator, Degussa AG of Germany.

ITC Top 200 on track with a focussed investment strategy
ITC Threadneedle's Top 200 is seeking long-term capital appreciation from a portfolio of equity investments in the largest quoted Indian companies.

Private-sector banks allowed to issue fresh shares sans RBI nod
The Reserve Bank of India has freed listed private sector banks from seeking the central bank's permission to issue fresh shares except bonus shares.


The National Stock Exchange of India (NSE)

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Patel Roadways Limited


  Indonesia unlikely to impose ban on palm oil exports
  Asian fuel oil market tumbles
  LME recovery boosts sentiment in Far East
  Calcutta tea auction witnesses good demand
  Market may decline marginally before embarking on a bull phase
  Castorseed, oil shoot up again; precious metals end lower; pulses subdued
  Report negotiated deals within 15 minutes, says SEBI panel
  Shree Digvijay Cement scrip up 50% as investors settle for market exit
  Financial Briefing
  HDFC investments in MF schemes spurt by 152%
  MNC scrips ride high on earnings growth, result expectations
  Maya Agro's meteoric rise stuns market
  Asian markets rebound as Japan hunts for new PM
  Market Briefing
  60 scrips cleared for compulsory dematerialisation
  South Indian Bank pegs premium at Rs 22
  Three-year, 11.55% tap stock mops up Rs 2,900 crore
  Anubhav Plantations plans Rs 50cr mopup
  Sensex drops on profit-booking
  Centurion Prudence puts up improved performance post-revamp
  Equity funds lose average 6%
  Market Roundup
  Spreads on Indian bonds narrow by 20 basis points, says update

Touchwood Agrotech Pvt. Ltd.


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