The Hindu Business Line : Thursday, May 04, 2006

JRG Securities opens 403rd branch in Kochi
JRG Securities opened its 403rd branch at Vyttila in Kochi on Wednesday. Mr N.R. Pillai, former General Manager, ONGC, inaugurated the branch and Mr Biju Theruvan, Vice-President, JRG Securities, initiated the first trade. JRG ... More

IL&FS Investsmart eyes Far East for expansion
To set up 5 subsidiaries More

MUTUAL FUNDS

MFs pick up mid & small-cap cos
Prudential ICICI, HDFC, HSBC Mutual seen in action More

STOCKS

Gujarat Ambuja to merge Ambuja Cement Eastern with itself
Swiss major Holcim's GACL stake set to increase to 24% More

State Bank of Mysore plans stock split
Net porfit for fiscal up 5 per cent More

Finolex Industries on a high
Once again the property angle appears to have revived waning interest at the counter of Finolex Industries. There is talk that the company is looking at excess land that can be developed gainfully. With crude on the rise, the outlook for the ... More

Ceat rises on realty talk
Property play was the main driver at the counter of Ceat Ltd, with the stock witnessing an upside of almost 20 per cent to end the day at Rs 100.65 on the BSE. There is talk that the company is looking to dispose of 57-58 acres of land between ... More

Property stocks do well
Property stocks appear to be hogging the limelight, with many of the counters appreciating significantly in the recent past. The gainers include Unitech Ltd and Ansal Properties and Infrastructure. According to analysts, there has been a ... More

AstraZeneca plans stock split
The board of AstraZeneca Pharma India Ltd is meeting on May 9 to consider a stock split, the company has informed the stock exchange. The pharma MNC's scrip closed at just over Rs 4,570 on Wednesday. A month ago, it was trading ... More

Sybly shines on expansion plans
Plans to raise funds thru pref allotment, rights issue More

TECHNICAL ANALYSIS

Volatile movement
Wednesday's trading activity witnessed volatile movement. The sentiment reading of the tradable counters remains bullish. Bear pressure on Thursday is likely to change the sentiment reading in their favour. On the contrary, the prevailing bullish ... More

MERGERS & ACQUISITIONS

Sequoia Capital merges with WestBridge to form new entity
To invest in Internet, wireless industry, infrastructure and consumer durables More

COMMENTARY

Banks shine on day of surges
More

IPOS

Reining in the primary market
Rating of IPOs must be made mandatory More

JRG Sec issue subscribed 4.47 times
JRG Securities public issue of 36.25 lakh equity shares with a face value of Rs 10 and premium of Rs 30, was subscribed 4.47 times. The issue was meant to mobilise Rs 14.50 crore for the up-gradation of the existing IT infrastructure, ... More

GMR Infra files red herring prospectus
The Bangalore-based GMR Infrastructure Ltd has filed a red herring prospectus with the Securities and Exchange Board of India for an initial public offering (IPO). While company officials were tight-lipped about the IPO size, industry analysts ... More

BONUS ANNOUNCEMENTS

IL&FS Investment okays 1:2 bonus
IL&FS Investment Managers Ltd on Wednesday approved an issue of bonus shares in the ratio of one share for every two held, besides giving a go-ahead to the company to raise $60 million from international markets through issue of shares. At its . More

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