Bokadia Films' preferential issue
MUMBAI: KC Bokadia Films Ltd has announced that it is going in for a preferential issue of 10 lakh equity shares of Rs 10 each at a premium of Rs 25. The company, whose share was actively traded on the bourses in the recent past, has ...
Phased approach mooted for AMFI to become a self-regulated body
THE mutual fund industry is considering making the Association of Mutual Funds in India (AMFI) a self-regulated organisation (SRO) in a phased manner. According to Mr S.K. Mitra, Director, Financial Service, Aditya Birla Group and the Chairman ...
UTI MF to reposition some IL&FS schemes
UTI Mutual Fund, which is set to formally take over the schemes managed by IL&FS MF, plans to retain all of them and reposition a few with a view to make them compatible with its own products. The co-ordination team set up by the two asset ...
Infosys board to consider bonus, stock split
THE board of Infosys Technologies will meet on April 13 to consider the issue of bonus shares and stock split, the company said in a notice to the Bombay Stock Exchange (BSE). The company will also announce its fourth quarter and annual ...
THE sentiment reading of the tradable counters continues to remain bullish. Tuesday's market action resulted in terminating a few downtrend counters. Bear domination on Wednesday is likely to neutralise the sentiment reading. Nifty futures ...
Funds buying props up Voltas
THE Voltas stock witnessed a clear breakout on the major bourses over expectations of a better performance in terms of its topline and bottomline for 2003-04. Since March 29, it had been going up, albeit with a low volume. From Rs 96.10 on the ...
FIIs, NRIs buy TV Today shares
EVEN though FIIs and NRIs are not allowed to invest in the shares of TV Today Network, such class of investors have bought some shares from the secondary market. As per the policy of Ministry of Information and Broadcasting, FIIs and NRIs are ...
THE recent acquisition of Hexacom by Bharti Tele-ventures is acting negatively for MTNL. Though there is no loss of business for MTNL, market players have decided to shift to Bharti Tele-ventures from the public sector telecom company. Dealers ...
Stockbrokers see delay in margin trading introduction
THOUGH the rules governing margin trading framed by the Securities and Exchange Board of India (SEBI) have come into effect from April 1, the market participants here expect that it would take at least two to three months more before it is ...
Buy April futures on Tata Steel
THE following strategies are based on Tuesday's trading in the spot and the derivatives segments on the NSE: Tata Steel: The stock closed at Rs 397 in the spot market. The primary trend appears positive though the stock could first ...
FOREIGN INSTITUTIONAL INVESTORS
2 OCBs get Govt nod to buy equity shares of Orchid
TWO overseas corporate bodies, Medrox and Harpline, have sought and received the Union Government's permission to buy the equity shares of Orchid Chemicals & Pharmaceuticals in the open market. Orchid Chemicals is an export-oriented unit that ...
REGULATORY BODIES & RULINGS
Disclosure document mandatory for ESOP optees, says SEBI
THE Securities and Exchange Board of India (SEBI) has made the disclosure requirement to be given to employees who avail of the stock option scheme mandatory for all options granted after June 30, 2003. The SEBI report also states that the ...
Indices close with marginal losses
THE markets witnessed volatile trading on Tuesday. With the absence of a clear trend, the key indices fluctuated within a fairly large band of points. The volatility in the market was amply reflected in the near 100 points band within which the ...
Datamatics IPO price band at Rs 101-110
DATAMATICS Technologies has announced a price band of Rs 101-110 for its initial public offering (IPO). The company is offering 1.03 crores of equity shares of Rs 5 each. Speaking at a press conference to announce the IPO, Dr Lalit Kanodia, ...
Murli M Chandak & Co declared defaulter
CALCUTTA Stock Exchange has declared Murli M Chandak & Co as defaulter and expelled it from membership. The firm did not comply with several arbitration awards and failed to honour its commitment to clients/investors. It also neglected to pay ...
Comments & Letters to the Editor to: email@example.com
Subscribe to: Business Line