The Hindu Business Line : Thursday, September 01, 2005

Flextronics' reverse book-building evokes 12 pc response
FLEXTRONICS Software Systems' reverse book-building issue received lukewarm response on the first day with maximum bids coming at Rs 725 against the floor price of Rs 579. On the first day, the issue received bids for 12.48 lakh shares (around ... More

MUTUAL FUNDS

IOB to distribute Tata Mutual products
IOB on Wednesday announced its alliance with Tata Mutual Fund for distributing the latter's schemes. The tie-up, Mr Narayansami said, will enable the bank to shore up its fee-based income. Mr Ved Prakash Chaturvedi, Managing Director, Tata MF, ... More

StanChart plans to cap asset size at Rs 300 cr for its Premier Fund
STANDARD Chartered MF, which has lately forayed into equity funds, has proposed to temporarily restrict the asset size of its forthcoming equity product to Rs 300 crore. Standard Chartered Premier, as the fund has been christened, will be ... More

TECHNICAL ANALYSIS

Bulls reign
BULLS extended further pressure over Wednesday's trading activity. The day's market action had very little impact on the tradable counters. The sentiment reading of the tradable counters remains bullish. Bear domination on Thursday is likely to ... More

STOCK EXCHANGES

Listing in domestic exchanges made mandatory for cos issuing GDRs
THE Finance Ministry has made it mandatory for unlisted companies that have raised funds from the overseas markets through the Global Domestic Receipts (GDRs) or Foreign Currency Convertible Bonds (FCCBs) route to list on the domestic stock ... More

SEBI okays corporatisation of Hyderabad SE
THE Securities and Exchange Board of India has okayed the scheme for corporatisation and de-mutualisation of the Hyderabad Stock Exchange Ltd (HSEL). The scheme, inter alia, provides for the re-registration of HSEL as a company limited by ... More

STOCK MARKETS

Bharat Forge rises on takeover buzz
BHARAT Forge has been accumulated by a section of market players. The accumulation is seen from the rise in the trading volumes, which have more than doubled from the average of last two weeks. Stock price has also increased by more than 10 per ... More

N.R. Agarwal up on growth hopes
N.R. Agarwal Industries (NRAI) seems to have caught the fancy of some market players for its growth prospects after capacity expansion and installation of captive power plants. The stock today finished at Rs 35.50, up 4.57 per cent with a ... More

COMMENTARY

Reliance, infotech stocks shine
THE markets opened on a weak note with the bellwether indices dipping into the red in the morning session. The mid-cap and small-cap sectors continued to outperform the frontline stocks, which could be gauged from the respective indices. Aided by ... More

IPOS

Peninsular Capital Market plans expansion, IPO
PENINSULAR Capital Market Ltd, a Kochi-based stock broking firm, is planning to come out with an initial public offering (IPO) in the next one year as part of expanding its operations. "We have started the basic work for the IPO. It should ... More

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