MARKETS
MUTUAL FUNDS
S.B. Mathur appointed UTI-I Administrator
THE Government today appointed Mr Sunil Behari Mathur as the Administrator of UTI-I, the specified undertaking of the Unit Trust of India. He replaces Mr M. Damodaran who resigned from the position on Sunday. Mr Mathur retired from Life ...
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STOCKS
Oppenheimer stake in Divi's
HYDERABAD: Divi's Laboratories Ltd has informed the stock exchanges on Monday that Oppenheimer Funds Inc of HSBC CNC has crossed five per cent equity holding threshold limit in the company through fresh market acquisition. According to ...
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TECHNICAL ANALYSIS
Indecisive move
MONDAY'S activity had very less impact on the top-10 tradable counters. The sentiment reading of the tradable counters stands neutral. Bull pressure on Tuesday is likely to change the sentiment reading in their favour. On the contrary, the ...
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STOCK MARKETS
Aberdeen Asset stake crosses 5% in Satyam
ABERDEEN Asset Management Asia Ltd has informed the NSE that funds advised and managed by them have acquired 3,05,000 shares representing 0.0959 per cent of the total paid-up capital of Satyam Computer Services on December 17. The mode of ...
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Sabero Organics gains on export thrust
THE stock of Sabero Organics, an agro-chemicals company, has been on a rise in the last one week on expectation of huge growth from its business, especially from the export market. In the last one-week, the stock has gained 64 per cent to ...
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Spirit up for it
THE counter of liquor maker Shaw Wallace & Company stock has caught the attention of market players who had earlier taken position in the United Breweries (UB) stock. Dealers said the interest in the stock of Shaw Wallace has developed on ...
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REGULATORY BODIES & RULINGS
SEBI suspends CSE member Daga
SEBI has suspended B.D. Daga, member of Calcutta Stock Exchange, for irregularities while dealing in the stock of MP Investment & Consultancy Services (MPICS). The order, passed by the SEBI Chairman, Mr G.N. Bajpai, is based on an ...
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COMMENTARY
Pharma, cement, paper stocks find flavour
THE indices started the week on a strong note after a weak close on Friday and maintained the buoyancy throughout the day. The Sensex ended 56.52 points up at 6,403 points. The Nifty closed 14.75 points up at 2,026.85 points. Pharma, cement, ...
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IPOS
Steel City Securities plans IPO
STEEL City Securities is planning an initial public offering (IPO) with an issue size of Rs 50 crore-Rs 60 crore, to expand its operations all over the country. Mr G. Rajagopal Reddy, Executive Director, said at a press meet here on Monday that ...
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PEOPLE
UTI employees moved by Damadoran's exit
THREE years ago, he took charge on a Sunday afternoon, probably out of compulsion; and in a cosmic completion of a circle, he resigned on a Sunday, mostly out of choice. Though employees of UTI Mutual Fund are shocked by the news of Mr M ...
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Finance Ministry defends Damodaran's move to step down
THE Ministry of Finance today defended the IDBI Chairman, Mr M. Damodaran's move to relinquish charge as Administrator of Specified Undertaking of UTI (SUUTI or UTI-I) and as Chairman of UTI Mutual Fund, and hinted that the move was not linked to ...
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