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Friday, September 17, 1999

Forex Update

Regulatory panel moots flexible power tariff regime for SEBs
The Central Electricity Regulatory Commission (CERC) has suggested creation of a limited market for purchase and sale of power in the off-peak hours.

Crisil assigns AAA rating to IRFC, Sidbi bonds
The Credit Rating Information Services of India Ltd (Crisil) has assigned highest safety rating to the Rs 2,900 crore bonds programme of Indian Railways Finance Corporation (IRFC) and the Rs 1,500 crore bonds programme of Small Industries Development Bank of India (Sidbi).

Broking firm takes Essar arm to court for default
RC Goenka Shares & Stocks, a Mumbai-based broking firm, has filed a petition in the Bombay High Court against India Securities, the financial services arm of Essar group, for defaulting on a payment of Rs 41 lakh.


Corporate Results


  Nickel prices jump 3% on Inco unit shutdown over labour dispute
  Ashok Leyland market share up a tad
  Asia stocks fall as yen batters Tokyo bourse
  Negative sentiments pull down Sensex by 90 points
  Precious metals drift lower on brisk inflow
  Clutch Auto seems set for a smooth ride on the bourses
  Primary market likely to remain depressed -- Prime
  Asian share prices plunge; typhoon shuts HK bourse
  Political uncertainty has taken toll on Sensex
  TimesBank to list on Delhi Stock Exchange today
  Time to buy long as market is hit by panic of further fall
  Market Briefing
  Market Round-up



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