MMTC, SWIL secure RBI nod to hedge risks on global commodity bourses
MMTC Ltd and SWIL Ltd have received clearance from the Reserve Bank of India to hedge their commodity-related risks on international commodity exchanges (comexes).

SEBI to let investors apply to public issue via newspaper forms
SEBI has decided to allow applications for a public issue to be made through a form published in a newspaper. The regulator also feels that the system of stock invest would be done away with as the time taken for allotment would be brought down to a mere 15 days.

Tata AMC cuts exposure to FMCG; bullish on pharmaceutical stocks
The Tata Asset Management has drastically cut exposure to the fast-moving consumer goods sector in its equity funds for the quarter ending December 31, 1998. The fund management, at the same time, has increased its weightage to the pharma sector.

  Time to look at non-specified group
  ECB rejects German, French proposals for euro forex norms
  Taiwan stock offers seen unhurt by Acer reversal
  Tight call-money rates yank down commercial paper floats in Q3
  Brazil faces critical day after devaluation
  Commercial paper floats drop in third quarter
  WI Carr Securities sells 15 lakh Nestle shares at 8% discount
  Call rates spurt forces RBI to probe liquidity crisis
  Thai rubber dulled by Tokyo market holiday
  Stock glut unlikely to pull down Singapore oil prices
  Japan rubber futures to take breather after rally
  IDBI to rake in Rs 1,500 cr through Flexibond issue
  No buyers despite dip in realty prices
  Sensex dips to 3207; most gains wiped out
  It's been a sweet rise for sugar stocks
  Moody's report overshadows bank counters
  Of borderless exchanges and online services
  Market Briefing
  Silver plummets on overseas advices; sugar up
  DSE workers' union defers hunger strike
  Pakistan rice prices may remain steady
  India is the least volatile market, says Sebi chief
  ICICI offers easy installment; maintains coupon
  Private funds outnumber public players in 1998
  Market seen range-bound; punters likely to wait on the aisle
  Nifty down 20 points
  Market likely to fall further
  S&P lowers Brazil's debt rating on real devaluation
  Market Round-up