Economy of Mumbai

Exchange trouble benefits rival

The four-day shutdown at the National Stock Exchange (NSE), following satellite failure, has cost the three-year-old exchange more than a loss of valuable business.

Saturday, 11 October, 1997, 12:00am

Buying by Reliance boosts sentiment

Multi-faceted Reliance Industries, one of the three largest industrial groups in India, is leading the purchase of prime properties in India's commercial capital, Bombay.

Reliance's move is being followed by Indian groups and multinational corporations, creating a mood that the property market is set for a revival after more than two years of depression.

28 May 1997 - 12:00am

Rentals lead Bombay comeback

Bombay's property market, which has been down in the dumps for the last two years, is showing signs of a comeback.

The first signs have been an improvement in the rental market for office space in the central business district (CBD) at Nariman Point, Cuffe Parade and Flora Fountain.

26 Mar 1997 - 12:00am

BSE doubles turnover in 1996

The Bombay Stock Exchange (BSE) has reported that the aggregate turnover of the exchange more than doubled in 1996 over its 1995 base.

From 445.8 billion rupees (about HK$95.9 billion) in 1995, the total turnover rose last year to 940.7 billion rupees.

5 Feb 1997 - 12:00am

Brokers in price rigging

The National Stock Exchange (NSE) claims to have identified a group of stockbrokers involved in the manipulation of share prices of the State Bank of India (SBI) and ITC on the exchange last week.

21 Jan 1997 - 12:00am

BSE speeds up settlement

THE Bombay Stock Exchange (BSE) has finally moved towards globalising its operations by adopting a quicker settlement system.

All share settlements in the specified 'A' group will be dealt with on a weekly basis with immediate effect. Until now, settlements had been fortnightly.

28 Feb 1996 - 12:00am

Reliance pushes NSE to record

THE daily net trading volume on the 14-month-old National Stock Exchange (NSE) touched a high of 9.5 billion rupees (about HK$ 2.02 billion) yesterday, breaking the record for any stock exchange in India.

The figure was 56 per cent higher than the previous high of 6.1 billion rupees the exchange recorded on January 29.

1 Feb 1996 - 12:00am

BSE forms panel to fight price-rigging

THE Bombay Stock Exchange (BSE) has set up a three-member committee to work out norms to check blatant rigging of share prices.

23 Jan 1996 - 12:00am

No bad luck in Bombay

FRIDAY the 13th, traditionally a day of ill-omen, brought a dash of good luck to the sorely beleaguered operators on the Bombay Stock Exchange (BSE).

After a consistent fall in value over eight trading sessions from January 3, the 30-share BSE index finally showed a marginal improvement, on January 13, to close the week at 3,603.66, with a net gain of 28.76 points.

16 Jan 1995 - 12:00am

JF starts trading on Indian stock exchange

JARDINE Fleming (JF) has started trading the Indian market from its newly awarded seat on the National Stock Exchange of India.

Jardine scored a coup when it became the first foreign brokerage to be awarded a seat on the Bombay exchange.

2 Dec 1994 - 12:00am

Dutch firm eyes terminal

VAN Ommeran Tank Terminal of Holland and Tak Tank of Singapore have shown interest in a new nine billion rupees (about HK$2.2 billion) chemical terminal at the Jawaharalal Nehru Port.

According to Jawaharalal Nehru Port Trust (JNPT) sources, Van Ommeran is setting up a wholly-owned subsidiary in India with a capital of US$8.6 million.

21 Nov 1994 - 12:00am