The Hindu Business Line : Sunday, July 31, 2005

Industrial Investment Trust: Reject
SHAREHOLDERS of Industrial Investment Trust should reject the tender offer for acquisition of shares at Rs 40 per share. The market price of Rs 58 (on the BSE) makes the open offer unattractive. It is also not advisable to sell the stock in the ... More

Cholamandalam Investment: Accept
SHAREHOLDERS in Cholamandalam Investment & Finance (Cholamandalam) can consider tendering their shares in the open offer made by DBS Bank of Singapore. At Rs 150, the offer price is attractive (the stock is trading below this price), ... More

FOREX

Effects of the yuan revaluation
After revaluation, the Chinese need only 8.11 yuan to buy one US dollar; they needed 8.28 yuan earlier. So, those holding US dollars will now receive lesser yuan for every dollar. This also means that the dollar reserves that China holds will ... More

Forex reserves fall by $23 m
THE country's forex reserves have fallen by $23 million for the week ended July 22 due to currency revaluation, according to the RBI's Weekly Statistical Supplement. The total foreign exchange reserves are now at $137.538 billion against ... More

STOCKS

Cash registers ringing for finance sector
IN June 2004, Business Line made out a case for the languishing finance sector. The inspiration for that article was the assessment of the finance sector by Mr Ruchir Sharma, portfolio manager of Morgan Stanley ... More

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