The Hindu Business Line : Friday, February 17, 2006

FIM Ltd buys 60 pc equity in Indiabulls Infrastructure
INDIABULLS Financial Services Ltd said FIM Ltd, a company incorporated in the Mauritius and managed by Farallon Capital Management LLC based in San Francisco, the US, has bought 60 per cent equity in Indiabulls Infrastructure Ltd (IIL) for a ... More

IDBI Capital launches online portal
IDBI Capital Market Services Ltd has announced the launch of its online investment portal - idbipaisabuilder.in - here. According to its Managing Director and CEO, Mr S. Muhnot, the advanced online trading portal is built with a core ... More

MUTUAL FUNDS

Equity funds line up dividends
WITH the financial year coming to a close, equity funds are lining up dividends, a few of them large enough to draw more than a passing attention from the market. The list of prospective payouts, with record dates between the last week of ... More

TECHNICAL ANALYSIS

Volatile movement
THURSDAY'S trading activity witnessed volatile movement. The sentiment reading of the tradable counters remains bearish. Bull pressure on Friday is likely to change the sentiment reading in their favour. On the contrary, the bearish sentiment is ... More

STOCK MARKETS

Tea stocks on uptrend
TEA stocks seem to have picked up the cue of gains for Indian tea companies from the Kenyan drought effect quickly. Barring Tata Tea and Duncans, almost all the tea companies' stocks have gained handsomely on the BSE and the NSE. Most of these ... More

Bonus talk fuels Torrent
TORRENT Pharma has gained around 18.53 per cent in last one month. It closed flat at Rs 989 on the Bombay Stock Exchange. According to market sources, the stock would go ex-bonus and split from February 19. The current run-up is because of ... More

JK Investo up on hive-off buzz
JK Investo Trade, an investment arm of the JK group, is moving up on expectations that JK Helene Curtis would be made a listed company. JK Investo Trade is the holding company of JK Helene Curtis. According to market sources, hiving off the Rs ... More

FOREIGN INSTITUTIONAL INVESTORS

Budget wish-list: PSBs seek higher FII investment limit
BANKERS have asked for higher FII investment limit in public sector banks. At present foreign institutional investors can hold only up to 20 per cent stake in state-run banks. In banks such as Bank of Baroda and Punjab National Bank, the FII ... More

COMMENTARY

Pharma gains, tea stocks advance further
IT was yet another day of volatile trading in the bourses on Thursday. Markets opened on a positive note even as the Sensex reached an intra-day high of 10195.4. However, profit-booking soon led to the bellwether index closing flat at 10134.3, ... More

IPOS

VISA Steel fixes price band at Rs 52-57
VISA Steel has fixed the price band for its initial public offering at Rs 52-57 per share. The company is entering the capital market with an issue of 3.5 crore shares of Rs 10 each through a 100 per cent book-building process. The company ... More

Nitco Tiles to expand manufacturing facilities with IPO funds
NITCO Tiles will use the money raised through its initial public offering (IPO) to expand its manufacturing facilities and enter the wall tiles segment through an acquisition or a green field project. It will also install windmills to reduce ... More

Emkay Share files draft prospectus
EMKAY Share & Stock Brokers Ltd has filed its draft red herring prospectus with the Securities and Exchange Board of India to raise funds for its expansion plans, estimated to be in the region of Rs 90-100 crore. The company will issue fresh ... More

Gitanjali Gems IPO opens
GITANJALI Gems Ltd, a diamond and jewellery manufacturing company, today opened its public issue of 1.70 crore equity shares of Rs 10 each, fixing the price band at Rs 170 to Rs 195 a share. The issue closes on February 21. Announcing the IPO ... More

PUBLIC OFFER

SIB fixes cut-off price at Rs 66
THE Rs 150-crore South Indian Bank follow-on public issue, which closed on Wednesday, was oversubscribed more than seven times. Based on the final order book position, the oversubscription levels and the recommendations of the book-running ... More

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