Hyderabad SE slashes listing charges
Hyderabad: The Hyderabad Stock Exchange (HSE) has announced a major reduction in listing charges. The move comes after the Securities Exchange Bureau of India (SEBI) clearing the decks for regional stock exchanges to exercise freedom in fixing charges of listing fee. The governing board of the HSE has revised the listing fees with effect from 1 April 2004. It has also urged listed companies to take advantage of the reduction and continue the listing considering the services provided by the Exchange in the interest of the industry and investor.

In the last few weeks several companies have resorted to delisting from the HSE in keeping with the SEBI regulations, a trend not in tune with the health of the regional stock exchanges. "The positive response from the companies would be for the mutual benefit and accomplishment of the common objectives," the HSE said in a circular. The SEBI had decided to do away with the earlier practise which made it mandatory for the SEs to fix the quantum of listing fees after obtaining due approval of the regulator
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LIC MF sets target of collecting Rs 7,000 crore
Hyderabad: LIC Mutual Fund has set an ambitious target of collecting Rs 7,000 crore during financial year 2003-04, a more than double its realisation during fiscal 2002-03 of Rs 3,000 crore. This was declared at the fifth annual chief agents and marketing associates conference held on 12 July at the Ramoji Film City here, according to a press release. The CEO of LIC Mutual Fund, M.V. Suryanarayana, V. Uday Shankar, Joint GM and R.K. Jain GM (Mktg) and G.N. Krishna (Area Manager) participated in the meeting. Top agent K. Narasimha Rao (chief agent, Hyderabad) in terms of collections and Harnam Singh (chief agent, Asansol) for getting the highest number of applications on an all-India basis were honoured during the conference.
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Rupee loses 6 paise
Mumbai: The rupee lost another 6 paise on Wednesday in its value against the dollar to close at 46.20/21. The central bank was even seen in the market selling dollars in order to smoothen the dip of the domestic currency in contrast to mopping up of dollars in recent times. The rupee has lost 9 paise on Tuesday from Monday's levels of 46.05, thereby The rupee has lost 15 paise in the span of two trading days. The rupee went as low as 46.39 levels intra-day.
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