Financial Daily from THE HINDU group of publications
Tuesday, January 17, 2006
Markets (January 16)
BSE Sensex9311.19 (-63.00)
S&P CNX Nifty2833.10 (-17.45)
US Dollar (Buy/Sell)44.16/44.29


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OPEN OFFERS


Spinnaker to acquire 45.23 pc in Sanghi Inds
THE British Virgin Islands-based investment fund Spinnaker Global Opportunity Fund Ltd along with two other Spinnaker funds has decided to make an open offer to the shareholders of Sanghi Industries Ltd (SIL), the Hyderabad-based cement and ... More

FINANCIAL SERVICES


Centurion beefs up retail thrust with IIL tie-up
CENTURION Bank of Punjab has tied up with IL&FS Investsmart Ltd (IIL) for offering equity broking services to the bank's customers. This will provide customers seamless settlement of trade and funds for all their equity transactions done ... More

STOCKS


Tax advantage for recent buyers of Reliance shares — Stiff tax liability for short-term sale of RIL stock
THE shareholders of Reliance Industries, who bought the stock before the record date, may be able to book a capital loss on sale of their investments, if the company's public notice in newspapers on Monday is anything to go by. Capital loss ... More

ICICI Venture unable to pick up shares of Viceroy Hotels
THE funds managed by ICICI Venture Fund could not acquire equity shares of Viceroy Hotels Ltd (VHL) since they could not reach an agreement on terms and conditions with the company. VHL has informed the stock exchanges on Monday that its board ... More

TECHNICAL ANALYSIS


Volatile movement
MONDAY'S market witnessed a volatile movement. The sentiment reading of the tradable counters turned bearish. Bull domination on Tuesday is likely to change the sentiment reading in their favour. On the contrary, the bearish sentiment is likely ... More

GENDER


Women are investors only in name!
AN overwhelming 95 per cent of the women investors in equity markets only lend their names to open trading accounts with broking firms, but the investment decisions are taken by the male members of their families, says a survey conducted by ... More

STOCK MARKETS


Alstom projects rides on transport buzz
Alstom Projects made a strong upward move on Monday to close at Rs 250.25 and posted a gain of 3.88 per cent. The stock is active on the buzz that its bids for New Delhi and Mumbai metro rail/multi-nodal transport projects may be successful. ... More

FOREIGN INSTITUTIONAL INVESTORS


Farallon Capital to invest Rs 200 cr in Indiabulls subsidiaries
FARALLON Capital and its affiliates will invest over Rs 200 crore in equity capital in Indiabulls Financial Services' two subsidiaries - Indiabulls Credit Services and Indiabulls Housing Finance. Indiabulls, in turn, will invest around Rs ... More

REGULATORY BODIES & RULINGS


Committee asks SEBI to place depositories, DPs on high alert — Bank of Baroda, Andhra Bank follow-on offers
"There was an added urgency to ensure that corrective steps were taken in time since any wrongdoing in PSU banks is always a more sensitive matter." More

COMMENTARY


Bears back in action; oil stocks slip further
THE determination of the bears to have their way was evident from the beginning of the trading session on Monday. Markets opened on a weak note carrying forward the negative trend of the past week. There appeared to be a brief respite from the ... More

IPOS


Entertainment Network plans IPO thru book-building route
IN the first instance of a company from the Times of India stable going public, the price band for the IPO of Entertainment Network (India) Ltd (ENIL) has been fixed at Rs 144 to Rs 162. Following ENIL's IPO, the equity holding of the promoter, ... More

GSPL IPO to open on Jan 24
GAS transmission company, Gujarat State Petronet Ltd (GSPL), is entering the capital market with a public issue of 13,80,00,000 equity shares of face value of Rs 10. The price band for the issue is fixed between Rs 23 to Rs 27 per share. The ... More

Inox Leisure multiplex to open in Chennai
The company has entered into an alliance with the Pantaloon Group, which gives Inox preferential access to real estate development that is either funded or managed by the group. More

PUBLIC OFFER


BoB subscribed 0.61 times; Andhra Bank 0.56 times
THE follow on public issues of Bank of Baroda and Andhra Bank were subscribed 0.61 times and 0.56 times respectively. The issues, which opened today received 4.3 crore bids and 4.7 crore bids respectively, according to the NSE Web site. ... More
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Top Stories
The economic decline of Maharashtra


Base import prices cut for crude palm, soyabean oils

Committee asks SEBI to place depositories, DPs on high alert — Bank of Baroda, Andhra Bank follow-on offers

Talks on renewal of treaties hit rough patch — No discounts, say reinsurers

`Ultra-mega' power plants — Generation cost to be under Rs 2 per unit

Tax advantage for recent buyers of Reliance shares — Stiff tax liability for short-term sale of RIL stock

In Focus

Auto Expo 2006
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In Depth

Gender Justice
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Looking back
Jan. 8-Jan. 14
Debt will be evergreen

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