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Wednesday, September 22, 1999

Forex Update

ICICI to be listed on NYSE today
ICICI Ltd is set to create history on Wednesday when its American Depository Receipts (ADRs) get listed on the New York Stock Exchange (NYSE).

New IPO guidelines bring HCL Tech to local shores
Close on the heels of the market regulator relaxing the IPO listing norm, HCL Technologies decided to list on the Indian market instead of its earlier plans of listing on the Nasdaq.

UTI chief is bullish on markets
The chairman of the Unit Trust of India, P S Subramanyam, has said that he is bullish on the stock market and the rally in the infotech shares is in tune with the global valuations.


Corporate Results


  New Upasi chief lays emphasis on boosting tea sector, exports
  Yen stays firm against dollars
  Dollar dips on US trade data
  Rally makes International Best Food's rights attractive
  Transchem's scrip zooms on pact with US company
  Godrej Foods' stock valuations to improve
  Infosys gallops to Rs 7,624 ahead of results
  IT bulls hold market; Sensex dips 8 pts
  Rally likely after new government formation
  Pioneer reaffirms faith in Kothari Pioneer
  Birla MF -- The advantage of not diversifying
  Is Whirlpool India on verge of delisting?
  Market still in buy mode for short term
  Bajaj Auto breaks an important base
  Market Briefing
  Kabligram spurts on lack of ready stock; edible oils fall



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