MARKETS
STOCKS
Marico: Counting on Egypt foray
Marico Industries has been keenly watched by market participants following its strategic alliance with Cairo-based Pyramids Group for hair care brand HairCode. According to them, this would make Marico, which already has a strong presence, a ...
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IDBI rides high on IFCI gains
The stock of IDBI surged sharply on Thursday gaining 11.40 per cent to Rs 86.45 against the previous day's close of Rs 77.60. Trading volumes also improved to over 38.04 lakh shares against a two-week average of 35.11 lakh shares on the ...
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Infosys ends up marginally
Infosys shares gained about Rs 14 to close at Rs 2,183 on Thursday. The rise on the day of the results announcement is in keeping with the trend shown every quarter since April 2006. Interestingly, the company's stand on guidance for the year ...
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TECHNICAL ANALYSIS
Bull domination
Bulls dominated Thursday's trading activity. The sentiment reading of the tradable counters changed to bullish. Bear move on Friday is likely to change the sentiment reading in their favour. On the contrary, the prevailing bullish sentiment is ...
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STOCK MARKETS
Price hike, dip in input costs augur well for auto majors
Despite product discounts and royalty pay-offs
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ASSET MANAGEMENT COMPANIES
Peerless gets SEBI nod for asset management venture
Plans to focus on mutual funds, tap existing customers
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REGULATORY BODIES & RULINGS
SAT stays SEBI order against depositories, DPs
The Securities and Appellate Tribunal (SAT) on Thursday stayed the disgorgement order issued by the Securities and Exchange Board of India on November 21, 2006, against two depositories NSDL and CDSL, and eight depository ...
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SEBI exempts Revathi Equipment promoters from buyback norm
The Securities and Exchange Board of India (SEBI) has exempted the promoters of Coimbatore-based Revathi Equipment Ltd, a mining equipment manufacturer, from making a public announcement of the buyback of equity shares. Utkal Investments and ...
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COMMENTARY
FMCG, consumer durable stocks lead recovery
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IPOS
Redington plans to raise Rs 149.5 cr thru IPO
Redington (India) Ltd, Chennai-based provider of IT products and support services, is coming out with an initial public offering to raise around Rs 149.5 crore in the upper end of the price band of Rs 95-113 per share. The proceeds will be ...
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PFC IPO slated for Jan 31
Power Finance Corporation (PFC) has obtained clearance from the SEBI and is likely to enter the capital market with its IPO on January 31. "We have received the go-ahead from the SEBI for the IPO. It may hit the market on January 31," a PFC ...
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