The Hindu Business Line : Saturday, August 20, 2005

Spanco Tele board to consider pref issue of warrants/equity shares
THE board of Spanco Telesystems and Solutions will consider preferential issue of warrants/equity shares at their meeting scheduled for next Monday. This is according to what was approved by shareholders at an EGM on August 8, said a notice ... More

FINANCIAL SERVICES

BLB Group to expand services
After being an aggressive player in jobbing and arbitrage, the company is now planning to double its daily trading turnover from Rs 1,000-1,200 crore to Rs 2,000-2,200 crore. Speaking to Business Line, Mr B.R. Bagri, Chairman and CEO, ... More

Centrum bullish on capital market; plans more centres
CENTRUM Capital Ltd, a financial services provider, is betting on the buoyancy in the capital market and plans to expand its centres from the current 36 to 65 within the next 10 months. Inaugurating its 36th centre CentrumDirect in Hyderabad, ... More

NSDL eyes record-keeping agency role for pensions
NATIONAL Securities Depository Ltd (NSDL) has scaled up its efforts to emerge as the record-keeping agency for the newly formed pensions authority. The NSDL move may be seen in the backdrop of some of the latest developments on the pensions ... More

MUTUAL FUNDS

IOB sees Rs 70-cr fee-based income — Ties up with Chola MF
INDIAN Overseas Bank (IOB) expects to earn about Rs 60 crore-70 crore of fee-based income this year, the bank's Chairman and Managing Director, Mr T.S. Narayanasami, told journalists on Friday. Last year's figures were not readily available, ... More

Chola Mutual bets on region-specific approach
Cholamandalam's proposed strategic alliance with the DBS Bank of Singapore is also expected to help expansion plans. More

STOCKS

Reliance Energy allots shares for issue of GDRs
RELIANCE Energy Ltd's committee of directors on Friday allotted 22,86,224 equity shares for issuance of 7,62,075 global depository receipts (GDRs). This arose out of the conversion of foreign currency convertible bonds issued by the company on ... More

TECHNICAL ANALYSIS

Narrow movement
MARKET witnessed range-bound movement during Friday's market activity. However, neither side could capitalise on the day's movement. The Friday's market movement resulted in the sentiment reading turning neutral. Bear pressure on Monday is likely ... More

STOCK MARKETS

Patel On-Board: Merger talk drives them
RUMOURS are on the move that Patel On-Board, which is in courier service business, is being proposed to be merged with its group company Patel Roadways. There is no word from both the listed companies yet. According to market sources, both ... More

FOREIGN INSTITUTIONAL INVESTORS

IT mid-cap: When FIIs smell the money...
WHEN a deal is round the corner, bet on institutional investors to smell the money. A study by Business Line of M&A (merger and acquisition) activity in mid-cap software companies shows that select FIIs (foreign institutional ... More

COMMENTARY

Small cap stocks shine on day of negative sentiment
CONCERNS on rising crude prices and falling Asian markets appear to have caused the negative sentiment that took control of the markets in the later part of the day. The negative sentiment was subdued with a majority of the sector-oriented ... More

IPOS

BSE Ltd may rope in strategic investors, weighs IPO option
THE Bombay Stock Exchange (BSE), Asia's oldest stock exchange, today transformed itself into a corporate entity from a being a brokers' association. In its new avatar, BSE Ltd has plans to bring aboard strategic investors and possibly go in for ... More

Neelachal Ispat plans IPO to fund Rs 800-cr expansion
NEELACHAL Ispat Nigam Ltd (NINL) is planning an IPO to finance its Rs 800-crore expansion plan. While the size of the IPO is yet to be finalised, MMTC sources said that the company was planning to raise Rs 250 crore equity capital. The issue ... More

ABG Shipyard files prospectus for IPO
ABG Shipyard has filed a draft red herring prospectus with SEBI to enter the capital market with an IPO. The company proposes to issue 85 lakh equity shares of Rs 10 each for cash at a premium to be decided through the book building process. Of ... More

CARTOON