The Hindu Business Line : Friday, February 24, 2006

5paisa.com offers lifetime prepaid offer
AFTER telecom firms, the broking industry has now come out with `lifetime pre-paid' offers. On Thursday, 5paisa.com (the online trading Web site of India Infoline Securities Ltd), the wholly-owned subsidiary of India Infoline Ltd, announced the ... More

MUTUAL FUNDS

Benchmark Mutual moots foreign currency fund — Mr Vishal Jain is fund manager of these open-ended liquid schemes
The schemes will invest in overseas MFs, debt securities denominated in dollar, pound and euro They will try to provide returns in line with the movement of rupee vs foreign currency Kolkata, Feb. ... More

TECHNICAL ANALYSIS

Volatile movement
Bear pressure on Friday is likely to change the sentiment reading in their favour. On the contrary, the prevailing bullish sentiment is likely to be further strengthened with additional counters. Nifty futures recommendation: The ... More

STOCK MARKETS

Markets are peaking out, says expert — Turns cautious on Indian equities, bets on commodities
Mr Jim Rogers' hot tips
Top-5 recommendations are sugar, copper, zinc, gold, and crude
Bullish on agri-commodities, base metals
Biggest risk for commodities is Indian Government
More

IFCI: Counting on bail-out formula
IFCI counter saw higher volume on Thursday on buzz that the Government may announce a `bail-out' formula in the Budget, dealers said. They said the Government was likely to ask a financial institution to buy-out IFCI. On the BSE, over 34 ... More

Revamp buzz triggers Force Motors
Force Motors (earlier Bajaj Tempo) shot up by 49 per cent over the last one-month period on talk of company restructuring and new launches of commercial vehicles later this year or early 2007, dealers said. From Rs 400.35 a month ago, the ... More

COMMENTARY

Last-hour selling cuts Sensex gains
On Thursday, the markets failed to hold onto their strong opening. The BSE Sensex, which opened about 40 points higher than Wednesday's close, moved flat until the last hour. However, selling pressure in the last hour chopped the gains to a ... More

IPOS

IPO scam: Transit remand for accused
The four key accused in the Initial Public Offer (IPO) scam have surrendered before the Central Bureau of Investigation (CBI) and will be produced in the special CBI Court in Mumbai on Friday. The CBI has been granted transit remand of the ... More

Discount retail chain Subhiksha plans IPO — Proposes to roll out stores across the country soon
Expanding horizon
Plans 80 stores in Hyderabad, 56 in Bangalore, 80 in Gujarat, 180 across Mumbai and Pune.
The NCR region to have 145 stores.
Subhiksha is also changing its format in the Tamil Nadu market More

SEBI chief for realistic pricing of IPOs — `MFs invested significantly in last few months'
The Securities and Exchange Board of India intends to persuade issuers coming up with initial public offerings (IPOs) to be "a little more realistic" on the pricing front. Speaking at an industry gathering recently, Mr M. Damodaran, SEBI ... More

HPCL Punjab refinery financial closure by May
HPCL is expecting to declare financial closure of the Rs 9,806-crore Guru Govind Sagar Refinery project in Punjab by April-May. The company has already received commitments for finance from six banks and is expected to soon appoint a merchant ... More

No problem with tribals: Visa Steel
The city-based Visa Steel Ltd, which hit the market on Thursday with its initial public issue (IPO), had not faced any problem with the local tribals of Kalinganagar in Orissa. Visa Steel's factories are located at the Kalinganagar Industrial ... More

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