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Strategies & Market Trends : India Coffee House -- Ignore unavailable to you. Want to Upgrade?

To: Mohan Marette who wrote (6403)	9/7/1999 3:50:00 AM
From: Nandu	Read Replies (3) \| Respond to of 12475

Last week, Asianet led the news a couple of days with the news that a new opinion poll shows that the Congress will emerge as the party with the largest number of MPs in the new Lok Sabha after the electiions, with around 170 seats. This was, of course, very surprising since it was at a huge variance with all other opinion surveys. Virendra Kapoor is the author of the Capital Buzz column in Rediff. He does have slight BJP bent, but his reports are credible. Take a look at this. indiavotes.com

To: Mohan Marette who wrote (6403)	9/7/1999 9:20:00 AM
From: Mohan Marette	Read Replies (2) \| Respond to of 12475

I-Sec to introduce e-broking service icici.com Source : MI Sep 7, 1999, 11:24:38 AM The ICICI group will launch the first online broking system in the country in December. The system will enable investors to buy and sell shares through the Internet. In the first phase, it will be available only for trading on the National Stock Exchange, ICICI Bank's senior vice-president Neeraj B. Bhai said. The service is most likely to be launched by ICICI Securities and Finance Company (I-Sec) which has a NSE membership and will require the investor to have an account with the bank. At least 50 brokerages in the country have started preparing for Internet trading but most of these initiatives are in the preliminary stage. ICICI has already done a lot of groundwork on security and data integrity for its internet banking product - Infinity - which has come in useful for implementation of e-broking, Bhai said. The basic issues involved in any transaction on a public network like the web is verifying user identity and ensuring authenticity and integrity of data. By allowing internet trading only to account holders, ICICI will be limiting its risk and also ensuring the investor's account is debited or credited online. As a precaution, investors will not be allowed to take positions higher than their deposit amount. Until recently, the Department of Telecommunications regulations did not permit the exchange trading network to be connected to the internet. With this hurdle eliminated, ICICI plans to have seamless connection between the broker terminal, bank and depository. Trading will, however, be confined to demat scrips. In another major initiative, the group is also undertaking a project involving online merchants like Rediff on the Net and bababazar.com to set up a payment gateway. This will bring greater security to online shopping with credit cards as the user's credit card number will remain hidden from the merchant establishment. Once the user enters his credit card number at a site to make an online purchase, the number will be sent to ICICI Bank, which will check for the number's validity and credit limit and sends a confirmation to the merchant. The bank is currently working with Visa and MasterCard to make this possible. This project is expected to go live only after March 2000 because the bank needs a software component from Visa and MasterCard, which allows verification of data. ICICI also proposes to launch its own credit card sometime next year. The investment needed for the payment gateway and the e-broking system will be higher than what was required for 'Infinity'. The bank currently has 8,000 Infinity customers. Plans are on to expand this base by giving its 1,50,000 ATM holders access to Internet banking.

To: Mohan Marette who wrote (6403)	9/7/1999 11:49:00 AM
From: JPR	Read Replies (2) \| Respond to of 12475

Mohan: Thanks for the links on Kashmir. Very comprehensive. What worries me is that nobody is concerned about the Pandits. IT looks as if they don't exist or matter. Any religion by its very nature is a conglomerate of beliefs, practices, ideas and prejudices and some violently thrust their beliefs on others. If there is somebody, who can fuse all these religions Christianity, Hinduism, Islam, Buddhism etc into one entity, infuse, & reinfuse new vigor in to this entity, discard all discordant elements from each one of these religions and create a dynamic universal religion of codes and conduct, both private and public, that will bring more peace on earth. A religion that is exclusive, monolithic, solidified,& petrified, in its ideas, conduct, preachings and practices as some are, lacking dynamism, and change with the times in an evolutionary way is not a religion at all. Let me give U an example: Is there an acceptance of homosexuals and women as priests? If the answer is an YES, that is dynamism and an evolution of a religion according to the changing times. A petrified religion is doomed to die, no matter how aggressive & strong it is in its beliefs, and in number of adherents. JPR

To: Mohan Marette who wrote (6403)	9/7/1999 1:28:00 PM
From: sea_biscuit	Respond to of 12475

Oct 26, 1947: Hari Singh signs the instrument of accession, it is no different than the one signed by over 500 other rulers. That, in essence, is the problem. Unless the accession is ratified by the people, it can hold no water. And in a country that is supposedly a democracy, it represents the height of hypocrisy. Btw, the international money manager that I spoke of earlier, had named India and Indonesia as countries that are most likely headed for disintegration. He said that it is really a toss-up as to which one will go under first. Looks like Indonesia holds a slender lead over India as of now.