The Hindu Business Line : Saturday, June 23, 2007

SBI Act ordinance promulgated
The Centre would make cash payment of Rs 35,531.33 crore to the Reserve Bank of India for acquiring the latter's entire holding in State Bank of India (SBI). Currently, the RBI has a 59.73 per cent stake in SBI, which is the ... More

Govt sops fail to sweeten sugar stocks
`Recent fall in price realisation is major concern' More

Tata Motors betting on capex plans
The Tata Motors stock is expected to pull along, buoyed by demand for its products, both commercial vehicles and passenger cars. The company, the largest commercial vehicles player, has lately developed capabilities in the passenger car segment, ... More

Reliance down on Court order
Shares of Mukesh Ambani-controlled Reliance Industries Ltd slid 1.68 per cent to close at Rs 1,704.05 on the BSE on Friday from the previous close of Rs 1,733.15 in the wake of the Bombay High Court interim order barring the company from selling ... More

TECHNICAL ANALYSIS
Sideways movement
Friday's trading activity witnessed sideways movement. However, sentiment reading of the tradable counters turned bearish. Bull move on Monday is likely to change the current sentiment. On the contrary, the prevailing bearish sentiment is likely ... More

STOCK EXCHANGES
Banks eye strategic investments in CSE
Demutualisation process on; feelers from WBIDC received More

BSE in talks with CSE empowered panel
Senior officials of the BSE have recently visited the CSE, conducting preliminary talks with the newly formed `empowered committee' of the exchange. The larger bourse, it is pointed out, has expressed the view that it would like to enter as a ... More

FOREIGN INSTITUTIONAL INVESTORS
Trinity buying 1.66% stake in Phoenix Mills
The UK-based investment firm Trinity Capital today announced that it will be acquiring 1.66 per cent stake in Phoenix Mills. In a statement to the London Stock Exchange, Trinity said that it would be acquiring 3.7 lakh shares for a sum of Rs ... More

PUBLIC OFFER
ICICI Bank issue subscribed 12 times
Tops Rs 1.2 lakh cr; lukewarm response from retail investors More