The Hindu Business Line : Tuesday, February 22, 2005

Lehman Bros gets 8.5 pc stake in KPIT
THE US-based investment bank Lehman Brothers, which had decided to pick up 8.5 per cent stake in the Pune-based KPIT Cummins Infosystems for a consideration of $8 million, has been allotted 5,70,000 equity shares of Rs 10 each. It has been ... More

MUTUAL FUNDS

CanEmerging Equities to invest in mid-caps
CANBANK Mutual Fund, which has come out with an open-ended equity scheme, CanEmerging Equities, has announced that the initial public offer that is now open will close on February 24. The objective of the scheme is to generate capital ... More

STOCKS

Subex Systems allots shares to Merrill Lynch
SUBEX Systems has allotted 2,30,769 equity shares of Rs 10 each at a price of Rs 300 each to Merrill Lynch Capital Markets Espana S.A.SV by virtue of conversion of foreign currently convertible bonds (FCCB) of nominal value $1.5 million held by ... More

Hexaware stock split
CHENNAI: Hexaware Technologies Ltd said on Monday its board had decided to subdivide each of its shares of face value Rs 10 into five shares of face value Rs 2 each. ... More

TECHNICAL ANALYSIS

Bear domination
BEARS gained control of Monday's trading activity. The market sentiment reading of the tradable counters stands bearish with no uptrend counters. Bull domination on Tuesday is likely to reduce the bear count by substantial margin, thereby, ... More

STOCK MARKETS

Eicher group stocks gain, betting on restructuring
THE Eicher Ltd and Eicher Motors Ltd counters moved up today with good volumes on the bourses as the market factored in the positives from the business restructuring of the two companies. Mutual funds and FIIs reportedly picked up the ... More

Nocil up on hopes of good show
SELECT market players are accumulating the shares of National Organic Chemicals (Nocil). Dealers said the accumulation is mainly on expectation of good financial performance of the company in the next few quarters. The recent debt ... More

ASSET MANAGEMENT COMPANIES

Dividend yield funds fail to keep up growth tempo
DIVIDEND yield funds, the favourites of asset management companies during the last quarter, had impressive collections during the initial public offers, but have not shown substantial growth since, say mutual fund distributors. Dividend yield ... More

INTERVIEW

`More long-term investors are turning to equity funds'
THERE is a discernable appetite for equity funds that are clearly positioned in the market, feels the Chief Marketing Officer, Cholamandalam Mutual Fund, Mr Vineet Potnis. He also tells Business Line how the scope for equity products is ... More

COMMENTARY

Sensex turns cautious, ends lower
THE market opened on a firm note but failed to sustain the pace and traded for most of the day in the red. Caution seems to be the buzzword in the run-up to the Budget announcements, the market ended lower for the fourth day. After opening ... More

IPOS

UTV Software IPO subscribed 3.4 times
THE initial public offering of UTV Software Communications Ltd was oversubscribed by 3.4 times on the first day of the issue. Most of the bids were at Rs 130 per share, the upper end of the price band. A total of 2.38 crore share bids were made ... More

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