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FINANCIAL EXPRESS FRONT PAGE

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Monday, April 5, 1999

Stock Update Forex Update

IDBI to launch Rs 6,000-crore umbrella issue in fiscal 2000
The Industrial Development Bank of India will launch a Rs 6,000 crore umbrella issue in FY 2000 to meet a part of its resource requirements.

Profit-booking brings down metals to new lows
Widespread profit-booking ahead of Easter holiday brought most of the London Metal Exchange metals to new lows last week.

Call rates unlikely to dip below 8%
Year-end pressures caused call rates to cross 12% on March 31. On Saturday, call rates persisted above 8%, and RBI's repo did not receive any bids.


Inspirations furnishing fabrics


  Pepper remains steady
  Cbot to woo local corporates for agro produce futures
  Russia, Indonesia enter Thailand's sugar market
  Indonesia dumps cashew in local markets
  Shortfall in Kenyan tea production may affect global prices
  Closure threat over Navi Mumbai auction centre
  Japan rubber futures seen range-bound
  Oil futures rally fizzles, uptrend seen continuing
  Six comexes in race for futures in oilseed complex, ready for online trading
  Cotton prices fall with heavy selling in futures
  FMC stops Hessian exchange activities
  Overseas cotton yarn buyers resist price rise in East Asian markets
  The untold story of the East India Jute exchange



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