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Saturday, February 6, 1999

Stock Update Forex Update

RBI allows JP Morgan, 3 others to trade in gilts
The Reserve Bank of India (RBI) on Friday gave the final clearance to four entities -- JP Morgan Securities, ABN-Amro Investment, Ceat Financial Services and Tata Finance -- to set up primary dealerships (PDs) in the government securities market.

Firms' buyback plans fall flat as CAs refuse solvency certificate
The buyback dream has soured for corporates with chartered accountants refusing to give a blanket solvency certificate to corporates for buying back their shares.

VSNL GDR headed for low strike
The Videsh Sanchar Nigam Ltd global depositary receipt issue, set to be priced on February 11, is headed for a low strike between a mere $8 to $10, estimated market sources familiar with trends on Friday.


Inspirations furnishing fabrics

Central Electronics Limited

Patel Roadways Limited


  Arab cargoes flow east to meet shortage
  Vietnam coffee-trade slow, farmers hold back beans
  Soyabean futures likely to start from next crop season
  Japan rates rise on concerns about BOJ
  Global sentiment swings the way of Australian dollar's fortunes
  ECB leaves rates steady amid mixed outlook
  Market Round-Up
  Indonesian rubber stable, no fresh demand
  Financial Briefing
  Crisil downgrades Lupin Lab, Lupin Chem to default grade



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