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Tuesday, September 7, 1999

Forex Update

Birla MF unveils balanced fund
Birla Mutual Fund launched its balanced fund yesterday. The fund's assets under management are expected to cross Rs 3000 crore by the end of December.

I-Sec, STCI chalk out plan to raise Rs 1,250-crore debt
Two primary dealers, ICICI Securities and Finance Company Ltd (I-sec) and Securities Trading Corporation of India Ltd (STCI), have drawn up plans to raise Rs 1,250 crore short-term debt.

VSNL to market offer for sale in Middle-East
Videsh Sanchar Nigam Ltd plans to aggressively market its `offer for sale' in the Middle East.


Corporate Results


  Tax arbitrages boost growth of mutual fund industry
  Market Round-Up
  Upward trend in g'nut oil continues; sugar subdued
  Software, Lever propel Sensex up 122 points
  India ill-prepared for Y2K, Warburg warns investors
  Nagarjuna to benefit from restructuring
  Revamp hauls IG Petro back from the sick-bed
  Market Briefing
  Price revision, de-merger will improve Wockhardt's valuation
  Hardening global zinc prices bode well for producers
  Two ex-presidents in fray for CSE committee polls
  Shares make cautious gains
  Icra to track top 500 companies
  Marketmen exude optimism; bull rally set to strengthen
  CSE closes on a steady note, IT stocks up



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