The Hindu Business Line : Friday, August 05, 2005

SEBI panel suggests changes in broker fee
THE Securities and Exchange Board of India is seeking to modify the calculation of brokerage fee in order to modernise it and make it relevant to current market conditions. According to the recommendations of a SEBI committee headed by Mr D.C. ... More

SBI Caps plans retail broking arm in 3 months
SBI Capital Markets is planning to set up a separate subsidiary for retail equity broking within three months. To begin with, the merchant bank will invest Rs 50 crore in the subsidiary, said Mr Indrajit Gupta, Managing Director and CEO. SBI ... More

`No disruption to SHCIL services despite Mumbai rains'
THE incessant rains in Mumbai during last week might have had cascading troubles of connectivity failure, power interruption and loss of communication link, forcing several organisations to fail in offering services to their customers. But, ... More

First Global calls off deal with Way2Wealth
THE First Global group has called off its acquisition of Way2Wealth Securities (W2W), a financial services company, due to non-compliance of certain clauses by the sellers. First Global had announced last month that it would acquire W2W, ... More

Indiabulls raises Rs 560 cr from secondary GDR issue
INDIABULLS Financial Services has raised around Rs 560 crore ($130 million) through its secondary Global Depository Receipt (GDR) issue. Each GDR, representing one share of Rs 2 each, was priced at $5.42 (Rs 235) , the company said in a ... More

Online trading platform
KOCHI: Reymount Investment Ltd, one of the leading financial services providing firms in the world, has tied up with Kelvin Investments and Securities in the State to provide online trading platform through Internet giving live quotes from ... More

STOCKS

Fidelity ups stake to 12% in IVRCL
FIDELITY International Ltd (FIL), along with others, has acquired 5,90,171 shares of IVRCL Infrastructures & Projects Ltd, constituting 2.81 per cent of the company. In a communiqué to stock exchanges, IVRCL said the acquisition was made ... More

TECHNICAL ANALYSIS

Sideways movement
MARKET witnessed sideways movement during Thursday's trading. Neither bulls nor bears could gain much from day's trading. However, sentiment reading of the tradable counters remains bullish. Bear domination on Friday has the potential to change ... More

STOCK MARKETS

Exide Industries revs up
EXIDE Industries has been taking rapid strides on the bourses, with the company's decision to invest in ING Vysya Life Insurance Co acting as the clear trigger. Trading volumes have been moving up in tandem with the price rise, which, investors ... More

Maharashtra Scooter in driver seat?
MAHARASHTRA Scooter on Thursday moved on a faster lane as market player's anticipated early solution to the vexed issue of purchase price of the stake held by WMDC, a co-promoter. According to market sources, the arbitration result is expected on ... More

COMMENTARY

Large-cap stocks shine
THE bulls continued their march on the bourses as the markets ended the day with smart gains, the benchmark Sensex closed at 7796.9, while Nifty ended the day at 2367.8. The rally was more pronounced in the frontline large-cap stocks. ... More

IPOS

HT Media IPO subscribed by 5.79 times on Day 1
MUMBAI: HT Media's initial public offering has been subscribed by 5.79 times on the first day with maximum bids coming at the upper price band of Rs 530 a share, according to NSE Web site. The issue received bids for 4.04 crore shares ... More

Sasken IPO on Aug 11
SASKEN Communication Technologies said its initial public offering would open on August 11 and close on August 17. The company is offering 50 lakh equity shares of Rs 10 each for cash at a premium to be decided through the book-building process. ... More

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