Financial Express - India's leading business newspaper from the Indian Express Group

BSE to offer market-making in illiquid stocks to jobbing sector

In a major move to impart liquidity to illiquid stocks and to provide an exit route to millions of retail investors across the country, the BSE has decided to invite the jobbing community to act as a market-maker to all the illiquid stock listed on its cash segment.

Bank rate cut -- Lower returns may squeeze investment insurers

Friday's cut in the bank rate, signalling a lowering of interest rates elsewhere in the financial system, could see a reduction in socio-oriented investments by insurance companies. As it is, say public sector officials, margins are likely to come under pressure with the opening of the sector to private enterprise.

STC divestment deferred to next fiscal

The department of disinvestment (DoD) has deferred the privatisation of State Trading Corporation (STC) for the next fiscal. The Cabinet Committee on Disinvestment (CCD) had cleared STC sale for this fiscal on October 6 last year.

AES Transpower seeks insurance cover

If the Orissa super-cyclone had made the asset managers of power distribution companies sit up and take notice, the Gujarat earthquake has made them run for insurance cover.

Market cap of top 20 companies dips 23%

The total market capitalisation of India's top 20 industrial houses (based on market capitalisation) showed a decline of 23.3 per cent as on February 16, 2001, over the level of March 31, 2000.

Toy-makers talk markets only after school

Unheralded Itz-Toys Inc hit it big in 1999 with Crazy Bones, odd little creatures that were bought and swapped like baseball cards. The company is hoping for another winner with Flip-Itz, a new line of five-centimetre plastic spiders that jump like tiddlywinks.