Business Daily from THE HINDU group of publications
Saturday, September 09, 2006
Markets (September 8)
BSE Sensex11918.65(+64.80)
S&P CNX Nifty3471.45 (+16.90)
US Dollar (Buy/Sell)46.24 (+0.08)


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FINANCIAL SERVICES
Franklin Templeton signs MoU with SBP
Franklin Templeton Investments (India) signed a MoU with State Bank of Patiala (SBP), an associate of State Bank of India (SBI), for the distribution of its products. Mr Ashok Mukand, CGM of State Bank of Patiala, said, "The signing of this ... More

STOCKS
LML: Investors press exit button
Reference to BIFR acts as trigger More

ADAG stake in Reliance Comm goes up to 66.6 pc
Follows reorganisation, which merges Reliance Infocomm with RCOM More

Havell's shines on acquisition talk
Rumours that Havell's India is in talks to buy out a European company have been dogging the counter on the bourses. While the stock price movement does not indicate any such corporate development, analysts remain convinced that the development ... More

RPG Transmission: Betting on orders
The stock of RPG Transmission Ltd witnessed an almost 8 per cent jump on the BSE on Friday to close at Rs 147.75. It hit the upper circuit at Rs 151.45 intra-day. The counter has gained almost 22 per cent over the past week and almost 36 per cent ... More

ITC active on price hike hopes
The ITC counter saw huge volumes traded on Friday on market rumours that the company is likely to hike prices on some of its cigarette brands. The stock ended up by 1.13 per cent at Rs 188.10 on the BSE with around 12.8 crore shares traded. The ... More

TECHNICAL ANALYSIS
Volatile movement
Friday's trading activity witnessed volatile movement. The sentiment reading of the tradable counters changed to marginally bullish. Bear move on Monday is likely to change the sentiment reading to bearish. On the other hand, the prevailing ... More

SOFTWARE
OMIA goes live on FLEXCUBE investor services
i-flex Solutions announced that South Africa's Old Mutual Investment Administrators (OMIA), a fully-owned subsidiary of Old Mutual Group, has gone live on FLEXCUBE Investor Services for fund administration and transfer agency operations. Old ... More

STOCK EXCHANGES
BSE, ICSI plan corporate e-filing system
The BSE and the Institute of Company Secretaries of India (ICSI) will jointly undertake a programme on the recently introduced e-filing system for corporates. ICSI's Centre for Corporate Research and Training (ICSI-CCRT) will play a major role ... More

Own your stars
FILM STAR Arshad Warsi striking the gong for the launch of the Filmy Stock Exchange in Mumbai on Friday. The exchange launched by Filmi channel, owned by Sahara One Media and Entertainment, gives Bollywood fans an opportunity to `own' their ... More

STOCK MARKETS
Equity funds continue to witness net outflow
Net outflows from equity funds continue. In August, equity funds witnessed net outflows of Rs 650 crore as per figures released by The Association of Mutual Funds in India (AMFI). The redemption in equity funds in July was Rs 209 ... More

FOREIGN INSTITUTIONAL INVESTORS
India among top Asia picks: S&P global survey
Emerging market stocks now account for 16% of global equities More

REGULATORY BODIES & RULINGS
SEBI slaps Rs 1-cr fine on Goldman Sachs
False declaration regarding issuance of ODI to Magnus Capital More

COMMENTARY
Sustained buying in mid-caps, small-caps
More

INVESTOR PROTECTION
Online help for aggrieved investors
MCA-funded Web site launched; to help narrow gap with cos, SEs More






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