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Thursday, May 20, 1999

SEBI agrees to rolling settlement on bourses
The Securities and Exchange Board of India (SEBI) has agreed to provide the finance ministry with a road map for nationwide implementation of a comprehensive rolling settlement system.

Reliance AMC to unveil assured income scheme
Going against the industry trend which is more towards non-assurance of returns to the investors, Reliance Capital Asset Management Company (AMC) is launching its first assured income mutual fund. The scheme, a close-ended one, will assure returns for five years.

Finance firms under software garb plan to tap the primary market
Finance companies adopting software tag-ons to lure investors have now turned to the primary market. The erstwhile Express Financial Exchange Ltd, a Chennai-based financial services company rechristened as Helios & Matheso Information Technology, is offering 2,163,200 shares at a premium of Rs 40.



  Price rise forces Cofei to come out of cocoon
  Indonesia set to ship 20,000 t of cocoa
  Sensex gains 38 points even as foreign funds go easy on further investments
  Commodity Briefing
  RS Software likely to be listed on NSE this week
  Venture funds seek new segment for unlisted securities on OTCEI
  US-64 net asset value jumps to Rs 11.50
  KPMF invests over 50% of sectoral funds
  Market Briefing
  Rajma chitra slumps on improved supply; cotton gains
  Tea body seeks Govt intervention on supply crisis
  Petrochem scrips buoy up on Sensex rally
  Boom time for WLL market
  Financial Briefing



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