Sebi for uniform settlement: Sebi has said the proposal to have different settlement dates for the Inter-connected Stock Exchange (ISE) and regional bourses was not in the best interests of the capital markets. ``We are of the view that ISE and regional stock exchanges should have a uniform settlement system,'' Sebi chairman D R Mehta said.

TCW-ICICI to invest $35m: TCW-ICICI India private equity fund, the Mauritius-based private equity fund managed by ICICI Venture Funds Management, will invest $35 million in Indian companies as well as overseas companies promoted by Indians in the next one year.The fund has already invested $15 million in eight companies.

Amfi for uniform valuation: Non tradeable debt securities will be valued by mutual funds across the country through a uniform method on a trial basis from April 1, 1999. ``The uniform methodology for valuation of non-traded debt securities has already been developed in association with Crisil, a research body and will be applied by all the mutual funds from April 1 on a trial basis,'' Association of Mutual Funds of India chairman a P Kurian said.

Pivotals turn weak on NSE: Pivotals turned weak on the National Stock Exchange on emergence of heavy selling by FIIs and domestic funds leading to fall in the nifty index by 22.45 points. The market opened on a firm note, but share prices declined sharply towards the end of the session and closed with notable losses. The S&P Cnx nifty opened higher at 978.50 and later fell to close at 953.85, showing a steep fall of 22.45 over the last close of 976.30.

Punters offload stocks on CSE:Industrial equities gave ground to persistent bull unloading on the Calcutta Stock Exchange following weaker advices from the Mumbai market which adversely influenced sentiment. The key counters led the fall, dragging most others. The cash listed shares also turned visibly quiet with prices tending downwards. The CSE 40-share index eased to closed at the day's worst level of 1817.51 points.