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Tuesday, April 17, 2001


	FE EDITORIAL

	New teeth for the watchdog No short cuts here ON THE OTHER HAND: Bat, ball and stick Of transgressions and misdemeanours Take the sting out of lay-offs OFF THE CUFF: Yet another regulator?


	FE ANALYSES

	Karunakaran may just have the last laugh in Kerala India needs a clearer strategy on WTO farm talks PUBLIC AFFAIRS: The CEO is an organisation’s best public relations tool SPOTLIGHT: Now, get your money from abroad transferred in 10 minutes VIEWPOINT: Is the sale route better than the merger route?

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Damanis’ bid for VST faces hurdles
THE open offer of Bright Star Investments Ltd of Damanis for additional 20 per cent stake in Hyderabad-based VST Industries Ltd is facing hurdles in the form of further disclosure sought to be incorporated in the offer document by the Securities and Exchange Board of India (Sebi). The regulator is of the view that the open offer document is not complete without disclosure on the Sebi investigations on RS Damani, who it considers as a person in concert in this case.

Recovery likely to face hurdle
FOR the first time, on Monday, in the last five trading sessions,
the index gained 68 points and for a change, the sentiment for IT
stocks was positive.

Sensex gains 68 pts on infotech rally
TAKING a cue from US markets, and with brightened prospects for a smooth passage of the Finance Bill and Railway Budget after the controversy of Tehelka tapes died down, the stock markets reacted positively and the bourses finished in positive territory on Monday, the first time in the current month.

Prudent Fund on the cement trail as FMCGs take back seat
BY the time you are reading this report, the Nasdaq composite index would decide for the fund managers whether they should follow up Monday’s purchases. True, Indian technology stocks are going dirt cheap. It would make more sense for a fund manager to purchase them at current prices than continue to sell them.

Brokers allege block deals in Amara Raja
BROKERS affected in the Amara Raja scam have alleged that block trading had taken place in the stock as per transaction data available with them.

NSE to launch CNS by month-end
THE National Stock Exchange (NSE) is all set to launch the continuous net settlement (CNS) by the end of this month. The CNS which was supposed to have been launched last month got delayed due to the capital market crisis. Sources at the NSE said that the infrastructure is ready and that they were planning to launch the product by the month-end.

Manush Distributors plans Rs 2.1 cr IPO
Manush Distributors Ltd, a non banking finance company, is planning to enter the market with a Rs 2.1 crore issue. The company is offering 21 lakh equity shares of Rs 10 each at par.