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FINANCIAL EXPRESS FRONT PAGE

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Thursday, March 25, 1999

Stock Update Forex Update

Markets may lord over US-64 as equity kitty swells 80%
The US-64 scheme has been pushed into deeper trouble by Unit Trust of India's pursuit of equities to bail out the scheme. Between June 1998 and December 1998, UTI has added more and more equities at the cost of fixed income investments including government securities.

Unit Trust's offshore information technology fund attracts $ 50 mn
The Unit Trust of India's (UTI) first off-shore IT sector specific fund -- the India Information Technology Fund -- has mobilised around $ 50 million in the last fortnight. The trust has set a target of mobilising around $ 75 million in the scheme.

Fine Drugs Chem zooms 596 % on open offer
With Vorin Laboratories announcing an open offer for the shareholders of ailing Fine Drugs and Chemicals, the share has shot through the roof by 596% in just three trading sessions.


Inspirations furnishing fabrics


  Transferable fixed deposit badge for SBI gold scheme
  Market Round-Up
  Bond auctions seen at Rs 15,000 crore in April
  Mumbai-born duo at iVillage bask in Nasdaq glory
  Reserve Bank to do away with refinance to primary dealers
  Cabinet panel clears futures trading in 8 edible oilsedds
  Sebi asks BSE chief to go over payments crisis
  Young turks battle old war horses in BSE polls
  A day of fears, rumours and profit-booking
  Can the bits and pieces build the bridge for US-64?
  Market Briefing
  Bears use their bag of tricks
  Vesuvius India rallies despite a negative budget
  Asian stocks take a hit from Wall Street
  US stocks slump on earnings jitters
  European stocks followWall Street lower
  Shares on the move
  Forget guns at Kosova; use market panic to buy
  SPIC -- Time to go long
  G'nut oil ends lower on profit-taking, castor futures react



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