Banks told to assign 100% risk weight on open gold positions
The RBI has directed banks to maintain a 100% risk- weightage on open gold-trading positions effective from March 31, 1999. The move apparently seeks to prevent banks from speculating in bullion trading.

SEBI seeks banks investment, credit wings segregation
The Securities and Exchange Board of India (SEBI) has found violations of its insider-trading norms in banks' investments in stock markets. The markets regulator has written to the Reserve Bank asking it to instruct banks to segregate the functioning of their investment and credit departments.

SEBI to nudge exchanges towards uniform settlement
The Securities & Exchange Board of India (SEBI) has decided to push the country's top stock exchanges towards a uniform settlement mode. The issue, which has been hanging fire for over two years, has been finally sought to be addressed once and for all at a forthcoming meeting of the MR Mayya committee on uniform settlements on November 25.

  Calcutta tea prices mixed
  China seals over-the-counter bourse's fate
  Commodity Briefing
  Banks cut deposit rates as spreads fall
  Market Round-Up
  Bhagwati panel against `general exception' to takeover code
  Experts highlight flaws in buyback ordinance
  CMC, Wipro vie for Ahmedabad bourse contract
  Financially viable but not prudent
  Reliance buyback rumour proves to be shortlived; prices drop in kerb deals
  Promoters will fix prices for buyback
  Canpremium loses the MTNL edge on redemption of 17% paper
  Rumour mills churn RIL buyback; stock zooms
  Restructuring paves way for better growth at Unichem Labs
  Market Briefing
  BSE depository clearance may come through in 5-6 weeks
  SEBI allows British Gas Asia to purchase shares of Mafatlal
  Groundnut oil moves down again; bullion divergent
  IndusInd Bank mulls buyback
  Banks' participation as clearing members must in derivatives trading