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Friday, January 8, 1999

Stock Update Forex Update

Five local firms may list on New York exchange by 2001
Five Indian companies are in advanced stages of negotiations with the New York Stock Exchange (NYSE) and another 40 have expressed a desire to get listed on the exchange, NYSE executive vice-president Georges Ugeux has said.

DSE in talks with Chicago options bourse for derivatives introduction
The Delhi Stock Exchange (DSE) has inititiated talks with the Chicago Board Options Exchange for a possible tie-up to introduce derivatives trading on the bourse.

Federal Bank to hit market with Rs 150cr debt issue
The Federal Bank is all set to enter the debt market to raise Rs 150 crore at 14.40 per cent to shore up its capital adequacy ratio. The Kochi-based private sector bank is raising money through a 63-month issue, being lead-managed by ICICI Securities.


Inspirations furnishing fabrics

Central Electronics Limited

Patel Roadways Limited


  Wall Street gains spur rally in Asia
  Sri Lanka's tea exports up 3%
  Indian metal outlook grim on rising stocks
  Indonesian olein up ahead of Muslim festival
  Andhra may follow in Punjab's footsteps, auction state paper
  Depository plan to woo passive investors through cable television works wonders
  Vietnam traders confused over tax on rice exports
  Thai rice firm on overseas demand
  Open market operations garner Rs 1,400 crore
  Time to look at opportunities in the non-specified category
  Sensex races past 3,300 points; closes lower
  Punters flock to Krebs Biochemicals on expectations of higher earnings
  Malaysian tin seen weak as demand slows
  Silver zooms further on NY advices; sesame oil dips
  CLB disposes Okara Agro depositors' application


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