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FINANCIAL EXPRESS FRONT PAGE

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Thursday, April 15, 1999

Stock Update Forex Update

Crisil reaffirms Reliance non-convertible debentures
Crisil has reaffirmed the rating assigned to the non convertible debenture issues of Reliance Industries Ltd (RIL).

Rathi's telephone diplomancy with Patil may ring in synergy between bourses
Anand Rathi Call to National Stock Exchange chief R H Patil is a major landmark in the history of Indian stock markets. The first exchange of dialouge between the two exchanges may also help in key market reforms.

Nasdaq president bets on net to reach out to new markets
The 27-year-old Nasdaq is all set to enhance its trading capacity from one billion shares a day to eight billion shares by the year-end.


Inspirations furnishing fabrics


  Allow 100% export refinance, widen repos market
  Automobile sector fortunes to skid over capacity blues



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