Business Daily from THE HINDU group of publications Tuesday, July 22, 2008 ePaper | Mobile/PDA Version | Audio |
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FINANCIAL MARKETS: Markets cautious ahead of vote Stocks, rupee and bonds look up on stable crude, positive global cues. Mumbai, July 21 Amid the steady stream of reports of hectic political parleying and horse trading in the Capital, the financial markets on Monday closed on a cautiously ... RECOMMENDATION: Indian Bank (Rs 101.80): Buy We recommend a buy in Indian Bank from a medium-term perspective. From the charts of Indian Bank we observe that it had been on an intermediate-term down trend from its February high of Rs 256 till it recorded its 52-week low of Rs 78 on July ... MUTUAL FUNDS: One-year return turns negative for most diversified schemes Many under-perform their benchmark indices: Analysts. Mumbai, July 21 One year may not be a long enough time for judging the performance of equity-related investment schemes, particularly in a bearish market. Yet, for a retail investor who has ... FOREIGN INSTITUTIONAL INVESTORS: Foreign brokerages turn cautious on India outlook Fund houses cite inflation, fiscal deficit as major worries. Mumbai, July 21 Recent developments in the country have made many foreign brokerages turning rather bearish review on India’s macroeconomic outlook. Inflation has reached new ... FINANCIAL PERFORMANCE: IL&FS Investment Managers standalone net up 64% IL&FS Investsmart reports fall in profit. Mumbai, July 21 IL&FS Investment Managers Ltd, the private equity investment arm of IL&FS, today reported a 63.7 per cent jump in its standalone net profit at Rs 9.5 crore against Rs 5.8 ... REGULATORY BODIES & RULINGS: SEBI passes consent order in Polaris, Anagram case Kolkata, July 21 The Securities and Exchange Board of India has, through a consent order on Monday, disposed of proceedings against Mr Arun Jain, CMD of Polaris Software Labs, for alleged insider trading charges involving shares of the ... FINANCIAL SERVICES: Edelweiss appoints Siby Antony as Executive V-P New Delhi, July 21 Edelweiss Capital on Monday announced the appointment of Mr Siby Antony as Executive Vice-President and head of the distressed assets business of Edelweiss Alternate Asset Advisors (EAAA), which is its alternative ... STOCKS: Higher costs trim UltraTech’s margins Sales growth indicates reasonable demand. After reporting strong profit growth in the previous quarter, UltraTech Cement has faced a setback in performance in the June quarter. For the first quarter of financial year 2008-09, Ultra Tech ...
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