The Hindu Business Line : Wednesday, October 26, 2005

SKP Securities' new initiative to target retail segment
SKP Securities Ltd today launched `Moneywise', its new brand aimed at the retail market. The company expects to tap more retail investors by offering them investment solutions, including those that meet critical needs in terms of income ... More

MUTUAL FUNDS

LVB to distribute MF schemes of Prudential ICICI
THE Karur-based Lakshmi Vilas Bank and Prudential ICICI Asset Management Company have reached an agreement for distribution of the latter's mutual fund schemes. LVB would distribute the entire range of Prudential ICICI's mutual fund schemes to ... More

TECHNICAL ANALYSIS

Volatile movement
WEDNESDAY'S trading activity witnessed volatile movement. However, the sentiment reading of the tradable counters turned bearish. Bull domination on Wednesday is likely to change the sentiment reading in their favour. On the contrary, the ... More

STOCK MARKETS

Intra-day short sales to improve liquidity in securities market
THE proposal to permit intra-day short sales was essentially to benefit some of the financial institutions for participating in the securities market and improving the liquidity. Short sales are sales of securities that the seller does not own ... More

Sensex eases from peak level, closes 70 points up
STOCK prices rose on Tuesday, as the RBI did not increase the bank rate as anticipated by some market players. However, they lost part of the gains during the day. BSE Sensex which opened firm in the morning, continued to rise and intra-day was ... More

Capital market exposure limit for banks hiked
THE Reserve Bank of India has increased the sub-limit for capital market exposure of banks to 40 per cent of the net worth (own funds) of banks. Higher limits may be allowed for banks with sound controls. This can be interpreted as a move to ... More

Logical; may not impact stock prices
THE Reserve Bank of India's decision is unlikely to have any impact on stock prices, as most of the banks have not utilised this facility in the past. "The RBI's move to change the maximum limit to capital market exposure from 5 per cent of ... More

You can trade soon on Nokia mobiles
NOKIA and transaction automation software provider Financial Technologies India Ltd have announced a partnership to offer iWin, a trading application that enables users to see market rates and also enter/modify/cancel orders while on the move, ... More

Dewan Housing betting on biz prospects
DEWAN Housing Finance closed at Rs 55.50, up 2.02 per cent, with a traded volume of Rs 1.54 lakh shares on the NSE and 78,442 shares on the BSE on better business prospects. Mr Kapil Wadhawan, MD, told Business Line that the mid-term ... More

Banks' capital market exposure to go up Rs 1,000 cr: Reddy
`It's rationalisation not restriction'
THE Reserve Bank of India's decision to rationalise banks' exposure limit to capital markets will give them more headroom, to the tune of Rs 1,000 crore, according to Dr Y.V. Reddy, Governor, RBI. Explaining the revision in capital market ... More

REGULATORY BODIES & RULINGS

`Infosys complies with SOX Act'
INFOSYS Technologies Ltd has said it is now compliant with Section 404 of the Sarbanes Oxley Act of 2002 (SOX Act), well in advance of the mandatory deadline of March 31, 2007. With this certification, Infosys ranks among the earliest foreign ... More

COMMENTARY

Bank stocks surge in volatile trade
FOLLOWING a sharp drop on Monday, the markets opened on a flat note. Expectations of a higher growth rate appeared to have caused a spurt in interest among the bulls. The positive sentiment, however, did not prevail for too long, as the ... More

IPOS

QuEST plans IPO to fund overseas buys
ENGINEERING solutions provider QuEST could perhaps be the first in its space in the country to talk of a public offer. QuEST is starting to first upgrade its Bangalore centre into a full-fledged Indian entity prior to tapping the capital market ... More

Vivek plans IPO or private placement
VIVEK Ltd, the largest retailer in consumer durables and appliances in the country, is considering option of either going for an IPO or private placement of shares to fund expansion and a decision will be taken in the next three months. The ... More

GVK Power files for draft prospectus with SEBI
GVK Power and Infrastructure Ltd, has filed the draft Red Herring Prospectus with SEBI and proposes to enter capital market to support expansion plans. According to a statement from the GVK Power, it proposes to soon enter the market with an ... More

ECONOMIC OFFENCES

SEBI restrains Mega Corp
MUMBAI: The Securities and Exchange Board of India (SEBI) has restrained promoters of Mega Corporation Ltd from trading its shares until further order, as the market regulator is conducting an inquiry into spurt in the company's share ... More

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