ICICI Bank plans equity issue for Rs 3,500 cr
THE country's second largest commercial bank, ICICI Bank, today said it planned to issue new equity of about Rs 3,000 crore - Rs 3,500 crore to the Indian public. The board of directors of the bank has cleared the blockbuster equity issue and ...
Some say `fairness opinion' on share valuation unfair
A SECTION of corporate India is against any regulatory move that would mandate a `fairness opinion' on the share valuation made by a valuer in relation to amalgamations, acquisitions, mergers/demergers or buyback. This stance comes even as the ...
UTI ready to gobble big MFs
THE mutual fund industry is in for a major shake-up, with the country's largest mutual fund, UTI Mutual Fund, on the prowl for acquisitions. The Chairman, UTI Mutual Fund (UTI MF), Mr M. Damodaran, today said that the target group for ...
ITI questions MTNL contract to Huawei
DESPITE falling short of the pre-requisite tender norms for supplying CDMA equipment to Mahanagar Telephone Nigam Ltd (MTNL) for its limited mobility (WLL) services, Chinese telecom equipment provider Huawei Technologies Ltd has been granted the ...
What's special about a mutual fund IPO?
INITIAL Public Offerings (IPOs) are back in flavour in the stock markets. And this trend is spilling over to mutual funds, too. Between July and December 2003, fund houses have rolled out 22 new offerings, mopping up Rs 3,826 crore; twice the ...
Govt to take a relook at FII investment in news channels
"FIIs invest not with an eye on management or editorial control, but do so purely as investors who would exit after booking reasonable profits."
Simply South: Dynamic, wholesome brands catch fancy
HOW does the purchase behaviour of the South Indian male vary from that of the South Indian female? How is his interaction with everyday brands different from that of his counterparts in other parts of the country? What do South Indian women ...
Sensex may see a 13-24 p.c. correction: CLSA study
THE CLSA research team in its latest study on the stock market has come up with a view that the Sensex, the domestic benchmark, valuation is still reasonable. However, it is of the opinion that the current rally has not seen a significant ...
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