The Hindu Business Line : Wednesday, September 21, 2005

Aptech Investments `corrects' its earlier offer, price for Aptech
APTECH Investments today announced to the Bombay Stock Exchange a "corrigendum" to its earlier public offer for purchase of 20 per cent equity in Aptech Ltd. Earlier the company had said that it would purchase from the public 68.90 lakh shares ... More

MUTUAL FUNDS

UTI-Growth Sector Fund to pay 45 pc
UTI-Growth Sector Fund-Brand Value (UTI-GSF-Brand Value) has declared a dividend of 45 per cent. A press release said here on Monday that the record date for the dividend is October 10. Investors, who join under the dividend option of ... More

Benchmark Split Capital Fund listing today
THE Class A and Class B units of Benchmark Split Capital Fund - Balanced are slated to be separately listed and traded in the capital market segment of the National Stock Exchange with effect from tomorrow. "The face value of each unit of ... More

STOCKS

BSE, NSE on high alert — All T-group stocks in price band of 5 pc from today
IN a bid to ensure safety of investors in the unbridled bull run, stock exchanges have gone on high alert. They have tightened the price band mechanism to curb abnormal movements in share prices. All trade-to-trade (T-group) and penny stocks have ... More

TECHNICAL ANALYSIS

Bullish sentiment
THE sentiment reading of the tradable counters in the list continues to remain bullish. However, the strength of the sentiment reading has weakened. Bear domination on Wednesday is likely to change the sentiment reading in their favour. On the ... More

STOCK MARKETS

Sensex crosses 8,500; mid, small cap stocks down
THE BSE Sensex ended at a new high of 8,500 points on Tuesday as liquidity continued to drive stock prices to higher levels, but the upward movement in shares was limited. The momentum of Tuesday's upturn was limited as small cap and mid-cap ... More

Faze Three jumps on exit move
THE rumour about Faze Three, a textiles manufacturer and exporter, doing the rounds on the Street is that it has planned to exit from V R Woodart, its loss-making rubber wood furniture making subsidiary. Mr Ajay Anand, MD of the company, ... More

FOREIGN INSTITUTIONAL INVESTORS

RBI allows FII buying in Mahindra Gesco, Tata Tea
THE Reserve Bank of India has notified that foreign institutional investors (FIIs) can now purchase equity shares and convertible debentures of Mahindra Gesco and Tata Tea Ltd under the portfolio investment scheme (PIS). The equity shares and ... More

REGULATORY BODIES & RULINGS

SEBI fiat on equity transactions — PSBs seek more time to comply
BANKS have sought more time to comply with the Securities and Exchange Board of India (SEBI) regulation requiring all institutional investors to stop delivery of shares by hand or settling equity transactions against payment. The regulation ... More

COMMENTARY

Late hour surge puts Sensex in positive territory
THE markets broke yet another record with the bellwether indices reaching new highs. The Rita hurricane and oil price factors were thrown to the winds. Unsatisfied hunger for more equity investments in frontline stocks appears to be the prime ... More

IPOS

Piramyd Retail files red herring with SEBI
PIRAMYD Retail filed its draft red herring prospectus with the Securities and Exchange Board of India to enter the capital market with a public issue of 90 lakh equity shares of Rs 10 each for cash through the 100 per cent book building process. ... More

SEBI provides for 5% allocation to MFs
SEBI on Monday amended its disclosure and investor protection guidelines providing for five per cent reservation to mutual funds within the category of qualified institutional buyers (QIBs). With these new regulations, QIBs will have to pay ... More

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