MARKETS
FINANCIAL SERVICES
Baring India to invest $35 m in JRG Securities
Mumbai, July 27 Baring India will invest up to $35 million in JRG Securities Ltd. through a preferential issue and warrants for a minimum 44.8 per cent stake in the company, subject to the approvals from Securities and Exchange Board of India ...
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Religare appoints new portfolio manager
Mumbai, July 27 Religare Enterprises Ltd has appointed Mr Vishal Shah as Portfolio Manager in its Portfolio Management Services (PMS) Division. In his new role, he will advice, direct and undertake the management of portfolio of securities as ...
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NEW FUND OFFER
Lotus Mutual launches income fund
Mumbai, July 27 Lotus India Asset Management Company Pvt Ltd has launched an open-ended Income Scheme - Lotus India Active Income Fund. The objective is to generate optimal returns while maintaining liquidity through active management of the ...
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Funds hardsell fixed maturity plans ahead of credit policy
Kolkata, July 27 Far away from the rough-and-tumble world of equities, an interesting story of interest rates and yields of debt instruments, is unfolding days before the Credit Policy. At the centre of it is the argument that yields have ...
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MUTUAL FUNDS
Why PSU investment in MFs, ask Left parties
Will take up the issue in Parliament, says CPI leader
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STOCKS
Carlyle Group invests $41.1 million in Great Offshore
Mumbai, July 27 Global private equity firm The Carlyle Group has invested $41.1 million in Great Offshore Ltd. Great Offshore is one of the largest players in the offshore services market in India. The investment will come from Carlyle ...
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Andhra Cements pref issue
Andhra Cements Ltd will issue 1.54 crore equity shares by way of preferential issue on private placement basis to Infrastructure Development Finance Company (87.4 lakh ) and promoter companies (66.7 lakh). The pricing would be in accordance with ...
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ITC up 3% on improved financial performance
‘VAT may be positive in the coming quarters’
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GMR Infra: Mop-up seen at low levels
Some investors are understood to have used Friday’s corrective session to mop up GMR Infra shares as market talk over opening of a new revenue window from its Delhi airport project gained ground. Sources suggested that its indirect ...
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TECHNICAL ANALYSIS
Bear domination
Friday’s trading activity witnessed bear domination. The sentiment reading of the tradable counters changed to bearish. Bull move on Monday is likely to change the sentiment reading in their favour. On the contrary, the ...
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STOCK MARKETS
Market Capsule
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FOREIGN INSTITUTIONAL INVESTORS
Sensex drops 541 on global fall
Foreign funds net sellers at Rs 1,475 cr on NSE; ‘volatility index is very high’
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Dish TV in talks with FIIs to raise funds
New Delhi, July 27 Dish TV India Ltd, the Direct-to- Home (DTH) service provider of the Essel Group, is in talks with foreign institutional investors to raise money for future investment. “We are in talks with a few people. We are ...
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ASSET MANAGEMENT COMPANIES
Nimesh Shah is ICICI Pru chief
Mr Nimesh Shah has been appointed as the MD and CEO of ICICI Prudential Asset Management Company, effective July 26. Mr Shah was Senior General Manager at ICICI Bank and has over 14 years experience in banking and financial services in the ICICI ...
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IPOS
Central Bank public issue subscribed by 62 times
Mumbai, July 27 The initial public offering of Central Bank of India was subscribed 61.94 times. Bids were received at lower end of the price band of Rs 85 – 102. A total of 495.4 crore bids were received against the issue size of 8 ...
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