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Corporate Economy Expressions Markets Leisure 13 February 1998   ING to float mutual fund, decides not to sell NSE, BSE membership cards ING Asset Management, part of ING Bank, has decided to float a mutual fund in the country within the next couple of months. The bank has also decided not to sell off its membership cards of the National and Bombay stock exchanges, suggesting that this might well be a temporary closure. This could also suggest that the firm might enter into a joint venture with a domestic outfit.   Hardware valuations affect TVSE scrip The shake-out within the computer hardware industry seems to be manifesting itself in the stock price of TVS Electronics (TVSE) for some inexplicable reason. An obvious link is being made with the computer hardware industry which has been hit by a fall in profitability. Regulator asks Pune bourse to furnish BOLT expansion details The Securities and Exchange Board of India has asked the Pune Stock Exchange (PSE) to furnish details on the proposed expansion of the Bombay Stock Exchange's BOLT terminals to Pune. Senior SEBI officials visited both the Pune and the Rajkot stock exchanges in the first week of February to inspect their working. Sub-brokers stay aloof on registration Only 4,00 sub-brokers have registered with the Securities and Exchange Board of India (SEBI) till date. SEBI is however satisfied with the response. The decision of registration was taken as the market regulator felt that the sub-broker was a link between the market and small investor.   Reserve Bank to introduce 28-day treasury bills in securities market The Reserve Bank of India is all set to introduce the 28-day treasury bill in the securities market. This will add further depth to the debt market which currently features 14-day, 91-day and 364-day treasury bills apart from government of India securities. The new security will qualify for repos and is likely to have a notified amount. SAIL debt issues downgraded Icra Ltd has downgraded the long- and medium-term debt instruments of Steel Authority of India Ltd (SAIL). While the non-convertible debenture (NCD) programme of the steel giant has been downgraded to LAA-, the fixed deposit (FD) programme has been downgraded to MAA. The revised ratings indicate high safety.     Silver reacts, gold steady; groundnut oil improves   DSJ Finance to securitise Karjat property to ICICI   NSE to unveil data warehouse system   SEBI finds deficiencies in broker records   Market Round-Up   Tisco   Market likely to recover marginally   Market Briefing