The Hindu Business Line : Saturday, March 04, 2006

Kotak Mahindra, Canbank moot open-ended equity schemes
Two fund houses, Kotak Mahindra and Canbank, have mooted open-ended equity schemes that will invest across the multi-cap spectrum. Offer documents named Kotak Multicap and CanMulticap have been sent to SEBI for approval. The Kotak fund, to ... More

SBI MF mops up Rs 2,855 cr from Blue Chip
SBI Mutual Fund has mopped up Rs 2,855 crore under SBI Blue Chip new fund offering (NFO), according to a press release from the fund house. This is the highest ever collection during NFO phase by any mutual fund in the country for an ... More

AWARDS & HONOURS

PruICICI bags `Asia Asset Management' award
Prudential ICICI Asset Management Company received the `Best of Best Most Improved Fund House Award' at the Asia Asset Management Awards ceremony held in Hong Kong recently. The award was presented under the Country category for the calendar ... More

MUTUAL FUNDS

Balanced funds may lock into higher equity pie
Budget fixes 65% equity exposure to avail tax benefits More

STOCKS

UK co hikes stake in Dewan Housing
Caledonia Investment Plc, a UK-based investment Trust, has increased its stake in Dewan Housing Finance (DHFL) to 14 per cent from the current 2.18 per cent. The board of directors of DHFL today approved issue of optionally convertible ... More

Matherson buys stake in Herbertsons
Matherson Advisory Singapore Pvt Ltd, a registered FII, has bought 8.29 lakh shares (8.71 per cent) of Herbertsons Ltd from McDowell & Co Ltd and Phipson Distillery at Rs 263.35 per share through a block deal executed on Tuesday. The total ... More

ONGC may not sell IOC stake
ONGC on Friday said it plans to sell its stake in GAIL (India) Ltd but will hold on to its stake in Indian Oil Corporation Ltd. Speaking to newspersons, Mr Subir Raha, Chairman and Managing Director of ONGC said, "We don't have ... More

TECHNICAL ANALYSIS

Sideways movement
Friday's trading activity witnessed side ways movement. The sentiment reading of the tradable counters remains bullish. Bear pressure on Monday is likely to change the sentiment reading in their favour. On the contrary, the prevailing bullish ... More

STOCK MARKETS

Mid-cap constructions to cool off?
Though mid-cap construction companies continue to ride on the ambitious infrastructure announcements made by the Finance Minister in Budget 2006, analysts are of the opinion that valuations in the sector are getting expensive. Several ... More

COMMENTARY

Sensex snaps 4-day rally
More

IPOS

VISA Steel fixes IPO price at Rs 57
VISA Steel Ltd, a part of the Rs 1,664-crore VISA Group, has fixed the issue price at the higher end of the price band at Rs 57 a share. The company's IPO for 3.5 crore shares of Rs 10 each, was subscribed by 6.60 times. The price band was ... More

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Union Budget 2006-2007

Economic Survey 2005-2006

Balanced funds may lock into higher equity pie

National Load Dispatch Centre planned at Delhi, Kolkata

Steel cos parking cash with banks

Banks queue up for loan to IA

Delay proves costly for ONGC in Nigeria

In Focus

Infrastructure woes stare IT sector

IPO Scams

FDI in retail sector