Bankers seal brisk local quotes in nascent euro
Treasury desks at foreign and nationalised banks were upbeat on new year's day as the market saw a handful of interbank deals in the euro against currencies such as the dollar and the rupee.

GIC fund all set to launch India's first demat scheme
GIC Mutual Fund (GICMF) is set to launch India's first demat scheme where investment will be predominantly in dematerialised equity shares. The scheme is scheduled to open for subscription in the third week of January.

UTI to dematerialise 100% holdings
The Unit Trust of India (UTI) has finally decided to dematerialise 100% of its equity holdings in companies which have signed up to offer the facility of dematerialisation to investors.

  Market Round-Up
  Mega project for euro going live in markets on course, say banks
  Investors make a beeline for the depository; accounts top 1.5 lakh
  Buying at select infotech counters; Sensex up 5 points in dull trade
  IPCL to move out of Skindia GDR Index
  Window To The World
  NOC required before sale of membership
  Mutual funds Q2 sales grow 50%, redemptions up to Rs 5,124 crore
  Exchange risk cover for UTI millennium fund
  Shares On The Move
  Mutual funds reap demat benefits; save Rs 4 crore
  Assocham calls for tax exemption for MF income
  Chennai exchange puts new systems in place to win members, investors back
  Market Briefing
  Sensex may cross 3,119 points soon
  Nicholas Piramal may remain bullish
  Gram tumbles on weak millers' demand; g'nut oil up
  Financial Briefing