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MARKETS
ANNOUNCEMENTS:
Corporate developments
IOL Netcom Ltd has entered into CDMA franchisee agreement with Mahanagar Telephone Nigam Ltd (MTNL) as a lead consortium partner to provide CDMA mobile services in Mumbai and Delhi, which have the highest tele density and ...
RECOMMENDATION:
Mundra Port and SEZ: Buy
We recommend a ‘buy’ in Mundra Port and Special Economic Zone (SEZ) from a short-term perspective. It is apparent from the charts that the company has been on a medium-term uptrend from early July low of Rs 388, that was also a ...
RECOMMENDATION:
Day Trading Guide
Fresh long-position can be initiated if the stock surpasses Rs 780, with tight stop-loss. ...
STOCKS:
Fall in ATF prices pushes up airline stocks
‘To save 5-7 per cent in operating cost’. Mumbai, Sept. 1 Airlines’ stocks rose on Monday on the back of 16 per cent reduction in aviation turbine fuel prices (ATF) announced by oil marketing companies on ...
STOCKS:
TTK Prestige plans delisting from exchanges
Chennai, Sept. 1 TTK Prestige Ltd on Monday informed the stock exchanges that the promoter of the company TT Krishnamachari & Co is desirous of delisting the equity shares from Bombay Stock Exchange and the National Stock Exchange in ...
IPOS:
20 Microns gets ready for IPO launch on Sept 8
Mumbai, Sept. 1 20 Microns, a company into the business of micronised minerals and a manufacturer of ultra-fine minerals for paint and plastic industries, on Monday announced that it would be entering the capital market with an IPO on ...
OUTLOOK:
BSE, NSE likely to see a dip in 2008-09 income
Transaction charges, income from listing fees may take a hit. Mumbai, Sept. 1 Earnings at the two premier stock exchanges are unlikely to be as good in 2008-09 as in the previous years, if current trends are anything to go by. The exchanges ...
STOCK MARKETS:
Market volatility on ULIPs slows LIC business
Kolkata, Sept. 1 The sale of unit linked policies (ULIPs) by the eastern zone of Life Insurance Corporation of India has started to pick up from August, with the segment contributing 40-50 per cent of its total business. ...
COURTS/LEGAL ISSUES:
SAT upholds SEBI order on Padmini Technologies
Mumbai, Sept. 1 The Securities Appellate Tribunal (SAT) upheld SEBI’s order against Padmini Technologies Ltd (PTL) and its three directors — Praveen Kumar Jain, Vishnu Sarup Gupta and Vivek Nagpal in the case relating to ...
BUYBACK:
Rain Commodities plans buyback
Hyderabad, Sept. 1 The board of directors of Rain Commodities Ltd has approved buyback of its fully paid-up equity shares from the open ...
ASSET MANAGEMENT COMPANIES:
SEBI nod for Goldman Sachs AMC
Mumbai, Sept. 1 Goldman Sachs Asset Management Company (India), a subsidiary of the Goldman Sachs Group, has received regulatory approval from the Securities and Exchange Board of India to start a wholly-owned asset management and mutual fund ...
IPOS:
Resurgere makes strong debut
Mumbai, Sept. 1 Resurgere Mines and Minerals India Ltd closed 97.6 per cent above its issue price of Rs 270 on its listing day on Monday on the NSE. ...
STOCKS:
Suzlon’s REpower deal to expedite biz integration
Current pact will help co conclude deal before Dec 15. Suzlon Energy’s agreement to acquire Portuguese company Martifer’s share in REpower Systems (German wind turbine generator in which Suzlon Energy holds 66 per cent) is a ...
DERIVATIVES MARKETS:
Punj Lloyd hogs limelight
Nifty future adds fresh longs. Chennai, Sept. 1 Turnover dipped sharply in the F&O segment on the NSE to Rs 37,943.16 crore against Friday’s figure of Rs 43,170.27 crore. However, the Nifty September future, which trailed the spot ...
STOCKS:
Lower ATF prices – a relief for airlines
This may help margins in short term. Domestic jet fuel prices are likely to cool off significantly on the back of the 20 per cent correction in crude oil prices since July. ...
FINANCIAL SERVICES:
New CEO for Doha fiscal services co
Mr P.S. Prasad has taken over as the Chief Executive Officer for NBFC operations of Doha Brokerage and Financial Services Ltd, an associate of Doha Bank of Qatar. Mr Prasad was previously the Managing Director and CEO of Dhanalakshmi Bank. DBFS ...
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