MARKETS
FINANCIAL SERVICES
Corporation Bank joins BSE as clearing bank
A bank release said here on Friday that an agreement between BSE and Corporation Bank was signed on Thursday at Mumbai. Speaking on the occasion, Mr K. L. Gopalakrishna, Executive Director, Corporation Bank, said it was a privilege to be ...
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MUTUAL FUNDS
New fund offers flood the market
Distribution outfits working overtime to garner maximum inflows
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STOCKS
Essar Shipping delisting
Essar Shipping and Logistics Ltd (ESLL), the largest shareholder and promoter of Essar Shipping Ltd, plans to delist Essar Shipping from the Bombay Stock Exchange. ESLL and the promoter group currently hold around 76 per cent stake in Essar ...
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`L&T stake will improve City Union Bank's image'
Kumbakonam headquartered City Union Bank perceives that the 9.99 per cent stake by industrial major L&T in the bank would create an image for the bank and help improve the bank's business. `They may use our bank for placing deposits and other ...
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McLeod Russel buys 72.38 pc stake in Moran Tea for Rs 41.5 cr
To pay a non-compete fee of £7,50,000 to Moran Holdings
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Reliance Comm m-cap crosses $20 b
Anil Ambani group company Reliance Communications Ltd's market value rose to more than $20 billion. Reliance Communications stock gained more than three per cent (Rs 13 a share) to close at an all-time high of Rs 442.05. The company's market ...
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Sun TV's equity base to go up
After the merger of Gemini and Udaya with Sun TV Ltd, Sun's equity base will go up 43 per cent with the addition of 2.96 crore shares that will be issued to the shareholders of Gemini and Udaya. Sun TV is to be renamed Sun TV ...
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Clarification
TECHNICAL ANALYSIS
Bulls prevail
Bulls prevailed over Friday's trading activity. The sentiment reading of the tradable counters turned to bullish. Bear move on Monday is likely to change the sentiment reading in their favour. On the contrary, the prevailing bullish sentiment is ...
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STOCK MARKETS
Nifty breaches 4,000-mark intra-day
Sensex, other BSE indices make strong gains
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INTERVIEW
DSP Merrill bullish on Indian realty sector
With realty IPOs doing well in the market, Mr Munesh Khanna, Head-Investment Banking at DSP Merrill Lynch, explains why this interest is building up, and puts the real estate sector in perspective. He says the scarcity of large realty stocks ...
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COMMENTARY
Auto stocks pick up pace on strong vehicle sales
The markets soared on Friday as the Central Statistical Organisation reported that the country recorded a growth of 9.1 per cent in the first half of the financial year 2007, its strongest growth in 15 years. This caused banks such as JP Morgan ...
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ECONOMIC OFFENCES
`ICAI must take action on Karvy's auditor'
The Standing Committee on Finance has said that the Institute of Chartered Accountants of India (ICAI) must take stringent action against Haribhakti & Co, the internal auditor of Karvy, for failing to check or report the opening of multiple ...
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