The Hindu Business Line : Saturday, September 13, 2008

MARKETS

INVESTMENTS: EPFO to transfer funds to pvt managers on Monday
First phase of transfer to take place 3 days ahead of CBT meeting. New Delhi, Sept. 12 The Employees Provident Fund Organisation (EPFO) has decided to transfer funds to newly-appointed private fund managers on September 15, senior officials in ...

EVENTS: Markets this week
The much awaited NSG-waiver for India coming through and the US Government decision to bail out mortgage finance companies Fannie Mae and Freddie Mac gave a boost to Indian stocks on Monday. The former lifted the power and capital goods stocks, ...

REGULATORY BODIES & RULINGS: SEBI clears Emami open offer for Zandu
Pharma major to hold rescheduled AGM on Sept 24. Kolkata, Sept. 12 The Securities and Exchange of Board of India has cleared the open offer from Emami group (Emami Ltd and persons acting in concert) for Zandu Pharmaceutical Works. ...

NEW FUND OFFER: Birla Sun launches commodity equity fund
To invest in domestic, overseas commodity cos. Mumbai, Sept. 12 Birla Sun Life Asset Management Company Ltd announced the launch of ‘Birla Sun Life Commodity Equities Fund’ on ...

FINANCIAL SERVICES: Edelweiss to foray into asset reconstruction biz
To offer wealth management services to Union Bank clients. Mumbai, Sept 12 Edelweiss Capital will soon file an application with the regulators for its Asset Reconstruction Company (ARC) licence, said a company official on ...

IPOS: NHPC to assess carbon credit revenue
NHPC Ltd has initiated the process to appoint a consultant to assess the total carbon credit revenue generation potential of the company. “The appointment of consultant and assessment of potential is expected to be over in 2008-09,” ...

IPOS: 10% of 20 Microns public issue subscription through ASBA process
ICICI Bank leads number of applications. Mumbai, Sept. 12 Close to 10 per cent of the retail applications received in the initial public offering of 20 Microns were received through the Applications Supported by Block Amount (ASBA) process, ...

STOCK MARKETS: Market tumbles on basket selling
Despite decent IIP numbers and soothing inflation numbers, the Indian market ended sharply lower; the BSE Sensex tumbled 2.26 per cent and the NSE’s S&P CNX Nifty lost 1.44 per cent.According to brokers, two prominent foreign ...