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FINANCIAL EXPRESS FRONT PAGE

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Friday, July 2, 1999

Forex Update

Centurion Bank to float Rs 33.75 crore initial public offering at par
Centurion Bank (CBL), the last of the new generation private sector banks which was to go public, is finally coming out with a Rs 33.75 crore initial public offer at par.

Templeton to expand the mutual fund market through new campaign
Templeton Asset Management (India) Pvt Ltd is all set to launch a national press campaign to create awareness for its new product, the Templeton Monthly Income Plan (MIP).

Asian bourses celebrate Fed's policy shift decision
Asian equity markets rallied yesterday as investors celebrated the US Federal Reserve's decision to shift to a neutral stance on monetary policy after raising a key interest rate by just one-quarter point.



  Better quality teas gain at Calcutta auction
  Sebi charges ABS Plastics promoter with insider trading in takeover by Bayer
  Commodity futures exchanges must function properly, says official
  Market roundup
  Market pins hopes on 1
  Copper touches all-time high in New York
  Market players keep their fingers crossed
  Ipca scrip perks up as alliance rumours swirl
  Commodities market hit as traders strike
  Unabated rise in bullion on overseas advices; rice weak
  Rally in paper stocks proves to be a bonanza for AP Mills' shareholders
  Kothari MF introduces cheque facility
  Market Briefing
  Mid, small-cap stocks catch market's fancy
  Outlook for SBI, Reliance improves
  LML shows signs of consolidation
  Templeton to focus on well-run companies
  Power Finance kicks off road shows for $100-million ECBs in Singapore



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