The Hindu Business Line : Tuesday, July 18, 2006

BUYBACK
Buyback to use Rs 125 cr of cash surplus: ICI India
The ICI India board is set to meet on July 25 to mull buyback of shares at a maximum price of Rs 350 per share. The stock is now at Rs 311 and has perked up considerably after the announcement. The Chief Financial Officer and Executive Officer ... More

NEW FUND OFFER
Tata Mutual launches Capital Builder Fund
The close-ended scheme to turn open-ended after 3 years More

Franklin launches fixed tenure fund
Franklin Templeton Investments India has launched a new fund, Franklin Templeton Fixed Tenure Fund - Series VI - 60 Months Plan (FTFTF- Series VI). A closed-ended fund, it seeks to provide investors steady returns along with capital ... More

DIVIDEND ANNOUNCEMENT
UTI Equity Fund to pay 20 pc dividend
UTI Equity Fund (formerly known as UTI-Mastergain Unit scheme) has declared tax-free dividend of 20 per cent. A press release by UTI Mutual Fund said here on Monday that July 19 is the record date for the dividend. On July ... More

MUTUAL FUNDS
Some new funds are cash-laden
Sundaram Rural India, Templeton India Equity Income, Reliance Equity and Sahara Wealth Plus are some of the new equity schemes that are currently loaded with cash, the Sharekhan review has shown, adding that the fund managers concerned are ... More

`IT stocks turn out of favour for mid-cap funds'
Orchid Chem, SWC, Allahabad Bank make complete exit: Sharekhan More

STOCKS
Stocks riding on realty sector among the worst hit in market meltdown
Unitech remains firm despite weak sentiment; Ansal Buildwell, Ansal Housing lose by 60% More

Subsidy to recharge textile sector
An additional Rs 1,000 crore subsidy under the Textile Upgradation Fund Scheme (TUFS) reportedly provided by the Finance Ministry will recharge the textile sector, marketmen feel. The additional funds may be utilised to meet subsidy ... More

UTI Bank: Sustained interest seen
UTI Bank on Monday clocked a volume of 1.41 lakh shares on the NSE, which brokers attributed to sustained interest in the stock by traders. The counter closed at Rs 260.25, down by 5 per cent. The bank, it is pointed out, has declared fairly ... More

TECHNICAL ANALYSIS
Bear domination
Bear's dominated Monday's trading activity. The sentiment reading of the tradable counters remains bearish. Bull move on Tuesday is likely to change the sentiment reading in their favour. On the contrary, the prevailing sentiment reading is ... More

STOCK MARKETS
Market melts on FII selling, oil price surge
Sensex down 385 points; Re at 3-yr low More

FOREIGN INSTITUTIONAL INVESTORS
South Indian Bank hits FII limit
The Reserve Bank of India today said that no further purchases of equity shares of South Indian Bank should be made on behalf of foreign institutional investment (FIIs) through primary and secondary markets in India under the ... More

COMMENTARY
Bear onslaught takes market further southward
More

PUBLIC OFFER
SAAG RR files for rights/public offer
SAAG RR Infra Ltdhas filed its offer document with SEBI for rights/public offering of Rs 40 crore. The company proposes to use the proceeds of the issue to meet the working capital requirements for expansion of infrastructure business in its ... More

VENTURE CAPITAL
UTI Ventures invests Rs 27 cr in Koutons Retail
UTI Ventures, a leading private equity firm, has invested Rs 27 crore in Koutons Retail India Ltd, a menswear brand in India. This investment was announced by Mr D.P.S. Kohli, Chairman, Koutons. In an official statement, Mr Kohli said, "our ... More