MARKETS
FINANCIAL SERVICES
TD Waterhouse exits joint venture with Tata
TD Waterhouse group is exiting from Tata TD Waterhouse Securities, having sold its 49.9 per cent stake in the company to Tata Investment Corporation for an undisclosed consideration. The name of Tata TD Waterhouse Securities (TTDWS) will also ...
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MUTUAL FUNDS
Tax planners provide third-best returns
EQUITY-linked savings schemes (ELSS), as the tax-planners are officially known, have delivered returns that put them just a couple of notches lower than technology and pharmaceutical funds, the two highest scoring categories over a one-year ...
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Reliance MF plans to launch tax-saver fund
RELIANCE Mutual Fund has worked out a tax-planning fund that will provide benefits under Section 88 of the Income-Tax Act, 1961. The proposed Reliance Tax Saver Fund will be a diversified equity scheme, aimed at securing long-term capital ...
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STOCKS
GTL to mull share allotment tomorrow
MUMBAI: GTL Ltd's board will meet on December 23 to consider allotment of 7,24,112 equity shares of Rs 10 each for cash at a premium in terms of the offer document to foreign currency convertible bond (FCCB) holders, consequent upon the ...
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TECHNICAL ANALYSIS
Bull domination
BULLS gained control of Tuesday's trading activity. The sentiment reading of the tradable counters stands bullish. Bear move on Wednesday is likely to reduce the bull count by a considerable margin thereby changing the sentiment reading to ...
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STOCK MARKETS
Crew B.O.S. Products gains on value picking
A LEADING stock broker and his associates are said to be actively accumulating shares of Crew B.O.S. Products, a Delhi-based fashion accessory maker. Shares of Crew, which made its initial public offer in August at a premium of Rs 25 on a face ...
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All-round buying propels markets to a new high — Sensex ends at 6,451 points
STOCKS continued their upward journey on robust buying driving the Bombay Stock Exchange Sensex as well as its counterpart on National Stock Exchange to all-time highs. The BSE Sensex made a gain of 48.30 points to touch a new high of ...
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Nicholas Piramal stock falls as family denies rift
THE Nicholas Piramal India stock fell on Tuesday by Rs 24.45 to close at Rs 1,355 on the BSE. The stock that has been in step with the rising trend seen in the market saw a dip on Tuesday against the backdrop of reports of a split in the family ...
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DERIVATIVES MARKETS
Outlook may turn positive for SCI
THE following strategies are based on Tuesday's trading in the spot and the derivatives segment on the NSE: SCI: The stock closed at Rs 171 in the spot market. The outlook could turn positive if the stock moves above Rs 173. The upside ...
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COMMENTARY
Heavyweights drive positive trend
SUSTAINED buying interest in index heavyweights fuelled the BSE Sensex and S&P CNX Nifty to scale new all time highs during the day's trading. The Sensex closed at 6451.30 points, 48.30 points (or 0.75 per cent) higher, after touching a high ...
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IPOS
`122 cos vanished after IPO in April `92-March `98'
ALMOST 122 companies `vanished' after coming out with an initial public offering (IPO) during April 1992 to March 1998, said the Minister for Company Affairs (Independent Charge), Mr Prem Chand Gupta, in the Rajya Sabha on Tuesday. "A total of ...
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PUBLIC OFFER
PNB awaiting nod for second public offer — Sees no need for ADR/GDR issues
HAVING completed all formalities for its second public offer, Punjab National Bank is awaiting the Government's nod to hit the capital market. "We are waiting for the Government's nod. If it tells us to go for the issue tomorrow, we can even do ...
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Oriental Bank may tap capital market soon
ORIENTAL Bank of Commerce (OBC) has said that it is considering raising fresh capital through a second public offer. OBC was the first nationalised bank to go in for an initial public offering in October 1994. In a notice to the Bombay Stock ...
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