MARKETS
OPEN OFFERS
Amit Spg acquirers granted exemption from open offer
THE Securities and Exchange Board of India (SEBI) has granted exemption from making an open offer under SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 1997 to Mr Bharat P. Shah, Ms Smita Bharat Shah, Mr Amit Bharat Shah and ...
More
MUTUAL FUNDS
UTI MF seeks exemption on long-term capital gains
UTI Mutual Fund, the country's largest mutual fund, has written to the Finance Ministry seeking to extend the proposal on long-term capital gains tax exemption for securities transactions to mutual funds. It has also suggested that the ...
More
SBI divests 37 pc in MF arm — Signs MoU with SocGen Asset Management
STATE Bank of India has decided to divest 37 per cent of its holding in its mutual fund arm, SBI Funds Management Pvt Ltd, to Societe Generale Asset Management, for an amount in excess of $35 million. Both parties have signed a memorandum of ...
More
Investors stuck as MIPs skip dividends
MOST Monthly Income Plans (MIPs) have skipped dividends for June (for the monthly option) and for the April-May-June quarter (under the quarterly option). Four months ago, investors were busy trying to figure out which monthly income plan to ...
More
TECHNICAL ANALYSIS
Bear domination
Bear pressure on Thursday is likely to further strengthen the prevailing bearish sentiment. On the contrary, the sentiment reading is likely to turn bullish. Click here for table Nifty futures ...
More
STOCK MARKETS
MP Birla group scrips on a sticky wicket
WITH corporate circles abuzz with rumours, following the bizarre will recorded by the late Priyamvada Birla, all eyes in the stock market have turned to the scrips of companies belonging to the M.P. Birla group. Birla Corp, the flagship, today ...
More
Actis sells UTI Bank residual stake in open market
ACTIS, the investment manager carved out of UK private investor CDC, today sold about 5 per cent equity stake or a little over a crore shares of UTI Bank to a clutch of foreign funds. A stock market source said while US-based T Rowe Price ...
More
Weather beaten
AFTER cement and auto stocks, it was the turn of FMCG scrips to be affected by monsoon blues. On concern that monsoon will not be normal this year, there was across the board selling in most of the FMCG stocks. The major stocks to come under ...
More
Themis Medicare in good health on biotech foray
THE stock of pharmaceutical company Themis Medicare Ltd (TML) gained sharply on Wednesday on expectation of good growth by the company in the current fiscal due to its foray into biotechnology business. The recent merger of the Artemis Biotech ...
More
DERIVATIVES MARKETS
Outlook negative for HLL, PNB; Sell July futures
THE following strategies are based on Wednesday's trading in the spot and the derivatives segments on the NSE: HLL: The stock closed at Rs 122 in the spot market. The outlook appears negative. The near-term downside price target is Rs ...
More
COMMENTARY
Weather worries down markets
UNCERTAINTY regarding the turnover tax and erratic monsoons appeared to have weighed heavily on the secondary markets on Wednesday. Triggered by the sharp fall in key index heavyweight stocks, the benchmark BSE Sensex closed the second trading ...
More
Stock Quotes
SE Diary
Comments & Letters to the Editor to: bleditor@thehindu.co.in
Subscribe to: Business Line
|
RSS Feeds