MARKETS
FINANCIAL SERVICES
SHCIL to offer broking services
Stock Holding Corporation of India Ltd (SHCIL) will provide premium broking services to common investors through its associate company SHCIL Services Ltd (SSL), which has commenced broking services at Ahmedabad and Baroda branches. With the ...
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NEW FUND OFFER
The bug bites LIC MF too
LIC MF is the latest to have mooted a close-ended equity fund, which will be automatically changed to an open-ended format. The proposed LIC MF India Vision Fund will have a 24-month structure. The fund will aim at identifying undervalued small ...
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Close-ended equity funds may give rise to new wave of NFOs
No new equity fund is on offer at the moment
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MUTUAL FUNDS
AMCs await full SEBI guidelines for foray into real estate MFs
Concern over norms regarding valuations and price discovery
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DSP ML changes in balanced fund
DSP Merrill Lynch MF has proposed to amend provisions related to participation by DSP ML Balanced Fund in exchange traded derivative contracts. The change, to be effective August 14, follows the SEBI's new stipulations on trading ...
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STOCKS
Panyam Cements EGM
The shareholders of Panyam Cements & Mineral Industries Ltd (PCMIL) have at their extraordinary general meeting (EGM), held on June 24, approved allotment of 4,31,768 convertible warrants of Rs 10 each at an exercise price of Rs
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TECHNICAL ANALYSIS
Sideways movement
Wednesday's trading activity witnessed sideways movement. However, the sentiment reading of the tradable counters remains bearish. Bull domination on Thursday is likely to change the sentiment reading in their favour. On the contrary, the ...
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STOCK MARKETS
Kotak Securities tops in funding clients
Indiabulls No 1 margin trading financier
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India Infoline: Up on value pick
Shares of broking outfit India Infoline moved up over 13 per cent on Wednesday on accumulation by some operators, dealers said. They said the stock, which was beaten down by more than 50 per cent in just over a month's time, was attracting ...
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GE Shipping sails on `demerger nod'
Great Eastern Shipping made significant gains on Wednesday on the buzz that it got ONGC's go-ahead for de-merging its offshore services business. Despite a weak market, shares of GE Shipping rose 10.29 per cent to close at Rs 227.70 on the ...
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FOREIGN INSTITUTIONAL INVESTORS
`FIIs, mutual funds will aid futures trade'
FMC Chairman: No plans to frame new regulatory mechanisms
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ASSET MANAGEMENT COMPANIES
Kotak Mahindra AMC ties up with BoI
Kotak Mahindra Asset Management Company Ltd has entered into a tie-up with Bank of India to distribute the entire bouquet of Kotak Mahindra Mutual Fund products at the 1,000 identified branches across the country. Talking to newspersons here ...
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COMMENTARY
Edgy Sensex ends marginally weak
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INCOME TAX
`Long-term investments should be held as capital gains'
Long term investments in the stock market whereby shares are held for 12 months or more should be held as investment and not stock-in-trade and gains there from treated as long-term capital gains, suggests industry chamber FICCI. On the Central ...
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