SEBI to review takeover code
SEBI has decided to review the lacuna in the takeover code which allows an entity to revise its offer price through a negotiated deal even after the last date for an upward revision is over. The takeover code is silent on this issue. It does not specifically state that a negotiated deal at a higher price after the lapsing of the deadline for revision of offer can't take place.

NSDL turns down BSE plea to demat vyaj badla shares in street name
The National Securities Depository Ltd (NSDL) has turned down the request of the Stock Exchange, Mumbai (BSE) to allow vyaj badla shares in street names to be dematerialised directly. NSDL stated that dematerialising shares which are not registered in the actual owners name or are in street names, could pose a major risk to the safety of the system.

Reliance group company kicks off stock-lending programme
Reliance Industrial Investments and Holdings Ltd (RIILH), a wholly-owned company of Reliance Industries Ltd (RIL), has quietly kicked off its stock lending programme by extending 31,27,000 shares of Larsen & Toubro (L&T) to an intermediary. RIILH plans to lend 60 lakh shares each of L&T and BSES Ltd in stock lending operations.

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  Variava order on Bhupen Dalal plea soon
  Rupee falls below 42 as SBI shuts $ window
  Indian Oil GDR issue not to include IPO
  Go for selective buying
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  Sensex up 51 points on short-covering
  Commodity Briefing
  Asia oil demand growth seen 1.5% in '98
  Market Briefing
  Japan's stumbling yen could spark new Asian crisis
  SEBI to probe Cyberspace Info name change
  Take this stability in prices with a pinch of salt
  Asian Paints will remain weak
  Market picks up the windfall from Jay Shree
  Market Round-Up