MARKETS
BUYBACK
iGATE fixes buyback offer price at Rs 410
Bangalore, Dec. 4 iGATE Global Solutions said on Tuesday that the offer price for buyback of shares has been fixed at Rs 410 following the conclusion of the bidding process on November 30, 2007.It has so far received 12 per cent of the ...
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FINANCIAL SERVICES
KVB ties up with IDBI Capital
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MUTUAL FUNDS
Mutual fund assets take a 3.3% dip in November
Combination of liquidity crunch, Mundra IPO leads to decline
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STOCKS
Bajaj Electricals promoters make open offer for 7% stake
Mr Rahul Bajaj and his cousins — Mr Shekhar Bajaj, Mr Madhur Bajaj, and Mr Niraj Bajaj — constituting a section of the promoter group in Bajaj Electricals made an open offer to the public to acquire a 7 per cent stake in the ...
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Vivimed Labs pref allotment
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Wipro’s equity share allotment
Wipro Ltd has informed the BSE that the administrative committee of the board of directors has decided to (through their circular resolution effective November 23, 2007 ) issue and allot 54,416 equity shares of Rs 2 each pursuant to the exercise ...
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Quantum Fund picks 5.8% stake in Gujarat Ambuja Exports
Mumbai, Dec. 4 The George Soros Quantum Fund of the Soros Fund Management Llc, a foreign institutional investor, has acquired 5.8 per cent stake in Gujarat Ambuja Exports Ltd (GAEL), an agro-processing firm.“The quantum of ...
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McLeod, Moran Tea merger at 4:1
The boards of directors of both McLeod Russel India Ltd and Moran Tea Company (India) Ltd at meetings here on Tuesday approved the ratio at which the shares will be swapped following the earlier decision on amalgamation of Moran Tea with McLeod ...
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TECHNICAL ANALYSIS
Volatile movement
Tuesday’s trading activity witnessed volatile movement. The sentiment reading of the tradable counters remains bullish. Bear move on Wednesday is likely to change the sentiment reading in their favour. On the contrary, the current ...
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STOCK MARKETS
‘Terror-linked’ funding seen in stock markets
One case is being investigated, says Chidambaram
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SAIL, MRPL in the limelight
Momentum counters remain buoyant
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FOREIGN INSTITUTIONAL INVESTORS
No absolute ban on P-Notes, says Chidambaram
New Delhi, Dec 4 The Union Finance Minister, Mr P. Chidambaram, said on Tuesday that no total ban has been imposed on issuance of participatory notes (PNs) by foreign institutional investors (FIIs). “There is no absolute ban on ...
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ASSET MANAGEMENT COMPANIES
DLF, Prudential Financial form asset management joint venture
Real estate major DLF group and US-based Prudential Financial Inc have entered into 39:61 per cent joint venture to form an asset management company offering both Indian and global mutual funds. DLF and PFI already share a life insurance ...
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RECOMMENDATION
Corporate developments
Gammon India Ltd said that Indira Container Terminal Pvt Ltd, the special purpose vehicle incorporated by the consortium of Gammon and Dragados S.P.L, has signed the ‘Licence Agreement’ with the Mumbai Port Trust ...
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Today's Pick: Bombay Dyeing (Rs 764.40)
We recommend a buy in Bombay Dyeing & Manufacturing Company at current market price. From the daily chart of Bombay Dyeing it is apparent that it has been on a medium-term uptrend since August low of Rs 500. However, the stock met with a ...
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Day trading guide
The near-term trend is sideways in the range of Rs 4,100-Rs 4,300. Avoid trading in this stock until it breaks of the range.ONGCThe short-term downtrend in the stock is intact. We reiterate our sell ...
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IPOS
BGR Energy to foray into EPC biz in power
Chennai, Dec 4 BGR Energy is planning to offer engineering, procurement, construction’ services in the power sector.The Chennai-based BGR Energy Systems Ltd, whose initial public offering is opening on Wednesday, has an order book ...
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AI could enter market for divesting up to 15% equity by mid-08: Patel
New Delhi, Dec. 4 Air India could enter the market to divest up to 15 per cent of its equity in mid-2008, the Minister for Civil Aviation, Mr Praful Patel, said on Tuesday. Speaking to the media on the sidelines of the India Economic ...
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Brigade Enterprises IPO on Dec 13
Price band fixed between Rs 351 and Rs 390 per equity share.
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VENTURE CAPITAL
Global PE investors to increase exposure to Indian market
New funds eyeing to tap growth opportunities here
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