The Hindu Business Line : Tuesday, December 19, 2006

FINANCIAL SERVICES
Kotak Securities to expand biz
Kotak Securities has proposed to expand its business in Tier I, II and III cities in Kerala to provide complete bouquet of financial solutions to the customers. Addressing media persons, Mr D. Kannan, Executive Director and COO, Kotak ... More

NEW FUND OFFER
UTI Mutual Fund launches close-ended ELSS scheme
UTI Mutual Fund has launched a ten-year close-ended equity linked savings scheme, UTI-Long Term Advantage Fund. The new fund offer opens on December 21 and closes on March 20. The scheme will offer a redemption facility after an initial ... More

MUTUAL FUNDS
Mutual funds still stand by mid-caps
Large-cap stocks turn better in recent times More

How the 2006 NFOs stack up
The new fund offers launched during the year — there are more than 20, beginning January 2006 — have produced a mixed performance so far, a look at the net asset values of these funds will indicate. A review by distributor SKP ... More

STOCKS
SBI amendment Bill introduced
Provides for reduction in RBI stake in SBI to minimum 51 pc More

Zee Entertain stock opens at Rs 249
The stock of Zee Entertainment Ltd opened at Rs 249 on the BSE and closed at Rs 272.20. The scrip was re-listed as Zee Entertainment Ltd after the restructuring of its business model from Zee Telefilms Ltd. On Friday, Zee Telefilms closed at Rs ... More

IVRCL raises Rs 555 cr thru QIP route
IVRCL Infrastructures & Projects Ltd on Monday announced that it has priced its offering of 15 million equity shares in a private placement, at Rs 370 per share, raising about Rs 555 crore, through the qualified institutional placement (QIP) .. More

LT Overseas lists at 7% premium
The stock of LT Overseas Ltd, manufacturer of Daawat Basmati rice, made a debut on the bourses at Rs 60, a 7.14-premium to the issue price of Rs 56. The stock peaked to Rs 62.90 on the BSE, fell to an intra-day low of Rs 51 before settling ... More

TCS: Betting on earnings
The Re 1-face value TCS stock, which inched up 1.8 per cent to close at Rs 1,181.25 on Monday, is being seen in the context of deals the company has been lately pursuing. The TCS management is known to have suggested in the second-quarter ... More

Expansion plans pep up UTI Bank
The UTI Bank stock is being closely tracked for what market observers say are reasons rooted in developments concerning the sector as well as those that pertain to the bank's own growth plans. Banking stocks generally have been in the ... More

TECHNICAL ANALYSIS
Bulls march ahead
Monday's trading activity witnessed bull domination. However, the sentiment reading of the tradable counters changed to marginally bearish. Bull move on Tuesday is likely to change the sentiment reading in their favour. On the contrary, the ... More

STOCK MARKETS
In red & black
AMIDST VOLATILITY: The stock dealer closely monitoring the volatile market at a share trading house in Kolkata on Monday. The BSE Sensex, which finished with 100 points gain, dwindled by close to 200 points in intra-day ... More

INTERVIEW
Risk appetite high in Asia: Morgan Stanley
`Interest rates to stay at lower levels across most of Asia' More

COMMENTARY
Index biggies ONGC, Reliance lead recovery
The markets are becoming as unpredictable as the weather. The benchmark indices started off deep in the negative territory, leaving investors to wonder if the recovery in the markets last week was short-lived after all. The Sensex fell close to ... More

IPOS
S P Apparels may tap capital market
Likely to offload 25 pc stake through offer More

House of Pearl in expansion, acquisition mode; IPO in 2007
It is also evaluating entering the niche retail market in India by opening eight to 10 exclusive stores in the next few months. More

Pyramid Saimira subscribed 15.4 times
The initial public offering of Pyramid Saimira Theatre Ltd has been subscribed by 15.4 times on the BSE and NSE at 7 p.m. on Monday. Bids were received across the price band of Rs 88 - 100 per equity share. Almost 12.99 crore bids were ... More