The Hindu Business Line : Saturday, September 27, 2008

MARKETS

STOCK MARKETS: Sensex sheds 440 pts on bailout blues
Nifty closes below 4000. Mumbai, Sept. 26 Domestic stocks plunged on Friday, this time with news of the US Government’s $700-billion bail out plan for the troubled financial institutions being stalled and the failure of another US bank, ...

INVESTOR PROTECTION: How to weather the global financial storm
Experts suggest shunning real estate instruments. A sense of sinking has suddenly gripped the local market as the Wall Street financial market crisis increasingly appeared an all-encompassing bottomless pit. According to Mr Ramdeo Agarwal of ...

INVESTMENTS: LIC to get reasonable time to shed excess stake
IRDA not for forced sale of equity above 10% cap in companies. New Delhi, Sept. 26 The Insurance Regulatory and Development Authority (IRDA) on Friday said that it intends to give “reasonable time” to Life Insurance Corporation ...

STOCK MARKETS: FIIs continue to press selling button
Morgan Stanley, Goldman Sachs, Merrill Lynch offload. Mumbai, Sept. 26 FIIs continued to sell Indian equities this week as well, net sales by them clocking Rs 2,974 crore during this ...

STOCKS: Ranbaxy stock hits lowest level in a year
Mumbai, Sept. 26 The multiple negative news surrounding pharma giant Ranbaxy, the latest being that the US AIDS programme would stop funding three of its medicines, dragged the company’s stock down by eight per cent on ...

BUYBACK: SAT permits Sasken to go ahead with buyback plans
Tribunal overturns SEBI order to place buy orders at or above market price. Mumbai/Bangalore, Sept. 26 The Securities Appellate Tribunal (SAT) has allowed Sasken Communication Technologies’ appeal, overruling all the directions issued by ...

STOCKS: Golden Tobacco announces demerger of realty business
Stock up 13 per cent in a week but day’s closing 11.47 per cent lower. Kolkata, Sept. 26 Golden Tobacco Ltd stock was up 13 per cent in a week after it announced on Wednesday that the company will demerge its realty business into a ...

EVENTS: Markets this Week

PREFERENTIAL ALLOTMENTS: Cambridge Tech offers preferential shares
Hyderabad, Sept. 26 Cambridge Technology Enterprises Ltd (CTEL) has decided to issue equity shares and convertible warrants to Protégé Software (US), Hansankit Trading (Mumbai), Transartica Company (Mauritius), Ibenstien (Singapore) ...

STOCK EXCHANGES: Currency futures trading on BSE from Oct 1
The Bombay Stock Exchange will kick start currency futures trade from ...