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

To: Mohan Marette who wrote (9190)	10/30/1999 8:15:00 PM
From: JPR	Respond to of 12475

To all: Calling all MEN: Are you ready for some RIBBING? Men were fooling the gentler gender that they came out of Man's ribs. The tables are turned. A little RIBBING OF MALES is in order. Scientists say that the Male Y chromosome is Undergoing OBSOLESCENCE. Man, we got a big problem. One day the gentler Gender won't need us. All that macho image has come to naught. Pitiful. Just remember the good times, when it all comes to an end and the ladies have won out Original article: Four Evolutionary Strata on the Human X Chromosome Bruce T. Lahn and David C. Page Science Oct 29 1999: 964-967. Read the following deccanchronicleonline.com A similar article appeared in NY Times on the same subject a few days ago. Genetic truth: Ladies first and gentlemen later Washington: Females evolved first and males much later from the mutation of female genes, with early life forms not needing the male for reproduction, according to a study published in the journal Science. The chromosome which makes males different from females first dawned 300 million years ago when the Y chromosome diverged from the X chromosome, said the study by David Page of the Massachusetts Institute of Technology and Bruce Lahn of the University of Chicago.Females have two copies of the X chromosome. Males have only one X The other is Y. Page and Lahn think the Y-chromosome somehow evolved from the X chromosome and the arrival of the first chromosomal males may have been a sporadic affair. They took a pair of X-Y chromosomes and looked at them as if they were fossils, comparing the genes on each and the number of mutations and used the differences to ?count back? to arrive at a rough estimate of which they were last alike. The DNA ?clock? of the chromosomes seemed to show that it took four big ?jumps? in evolutionary history to deliver a male, they said. The research results have punched a big hole in many theories on human evolution, including the Christian one. God, according to the Bible, created Adam as the ruler of his creations. Seeing his dearest creation suffering from being alone, God decided to create a partner for him. While Adam was asleep, God removed a rib from him and with it created Eve, according to the Bible.One of the most technologically challenging goals of the Human Genome Project remains the complete sequencing of the human genome within the projected 15 years. In the past 5 years, significant progress has been made toward developing the capability for large-scale DNA sequencing. When the genome project began, the longest DNA sequence obtained was the 250,000-bp cytomegalovirus sequence, which took several years to complete. Now, several laboratories have each generated at least 1 Mb; some have determined more than 10 Mb of DNA sequence, mostly from model organisms. The longest contiguous human sequence is 685 kb from the human T-cell Beta receptor locus, a chromosomal region involved in immune responses.

To: Mohan Marette who wrote (9190)	10/30/1999 8:45:00 PM
From: JPR	Respond to of 12475

Mohan: Do you know who this NANDA CHITRE is. The United States could now go further, indicated White House Press officer Nanda Chitre. US hints at lifting of sanctions on India dawn.com PHILADELPHIA, Oct 29: The United States indicated on Friday that remaining sanctions imposed against India last year could be lifted. On Wednesday President Bill Clinton waived a series of sanctions imposed on New Delhi after last year's nuclear tests. Clinton's waiver re-established cooperation with India in matters including educational and military training exchanges, a White House spokeswoman accompanying the president on a trip to Philadelphia said. The United States could now go further, indicated White House Press officer Nanda Chitre. "The lifting of the remaining sanctions against India remains under consideration," she said, adding that this could include reversing the ban on military sales and economic assistance on non-basic human needs. Since economic sanctions were imposed on India and Pakistan, Washington has worked to persuade both the countries to sign on to the Comprehensive Test Ban Treaty. Some of the drastic measures, including the ban on food aid, were lifted last year when the two countries agreed to a voluntary moratorium on carrying out nuclear tests.-AFP

To: Mohan Marette who wrote (9190)	10/31/1999 8:33:00 AM
From: Mohan Marette	Read Replies (1) \| Respond to of 12475

India Weekly Market Review Market Mood The BSE Sensex saw a massive 339 point decline during the week, a drop of 7.1% over previous weeks close. The Sensex closed at 4445 on Friday. Net long position at BSE at the end of the week stood at Rs26.44bn (down 6.6% over last week). Badla averaged 20%. Cumulative FII net sales for the month of October has crossed Rs7.1bn (US $164mn). Net FII net sales in the last week was Rs2.1bn. Sectors which performed relatively better (ie recorded least decline) were Steel, Finance and FMCG stocks. While Tisco announced encouraging results, other two steel majors' (SAIL and Essar) performance has not been so good. However both the results came in after market hours on Friday and this is likely to have a reaction on Steel Index in next week. FMCG results have been in line with expectations - the topline growth has been in single digits for most companies, but bottomline growth trend has been maintained. Investment strategy The panic selling seen in the current week is expected to abate. Infact, investors can use the opportunity to accumulate fundamentally sound scrips, which have also come down to attractive levels with the rest of the market. News Snippets (Domestic) The busy season credit policy has announced a cut in CRR to 9%, abolition of 30% surcharge on import financing and has allowed banks to set sub-PLR rates for bill discounting. The policy is expected to augment liquidity and give a push to industry and trade. Sanctions on India waived: US President Bill Clinton signed a bill that gave authority to the U.S. Energy Secretary Richardson to waive economic sanctions imposed on India following the Pokhran blasts in May 1998. The waiver authority was contained in a $267bn defense bill that Clinton signed laying out Pentagon's fiscal 2000 spending package. 49% foreign equity in e-commerce ventures : The department of industrial policy and promotions proposes to allow 49% foreign equity in e-commerce ventures. According to the proposal, companies intending to undertake e-commerce have to be registered in India and such ventures should have domestic majority equity. India Cement acquires Vishnu Cement : The Raasi Cement drama took a new turn with Dr. B.V.Raju and his associates selling their entire holding in Sri Vishnu Cements Ltd to subsidiaries of India Cement ICL Securities Limited and Raasi Cement Limited. Sri Vishnu Cement is of greater significance as it holds rights to limestone mines. Private Equity fund Warburg Pincus has picked up a 6.6% equity stake in Housing Development and Finance Corporation (HDFC). Warburg is also likely to seek clearance from the Foreign Investment Promotion Board (FIPB) for converting its holding into non-portfolio (strategic) investment. State Bank of India (SBI) will go in for an equity issue next year in a bid to keep the capital adequacy over 12%. The chairman of SBI, G.G. Vaidya, said the bank's capital adequacy is 12.51% and that they would always like to keep it over 12%. (Probity Research)