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MUTUAL FUNDS: MFs allow investors to shift schemes on profits
‘Trigger facility’ aimed at retaining investors. Mumbai, May 29 In these times of short-lived and uncertain rallies, some mutual funds are offering “trigger facilities” to retain investors and to keep up their interest ...

STOCK MARKETS: P-Notes on the rise with market surge, say experts
Mumbai, May 29 There are signs that issue of Participatory Notes by foreign institutional investors has been increasing the last six months and has gathered momentum in the current market rally, say ...

EVENTS: Markets this week

STOCKS: Ministerspeak lifts steel stocks
Government to consider additional import tax. Mumbai, May 29 Shares of steel manufacturing companies outperformed the markets on Friday on reports of likely import curbs on ...

RIGHTS ISSUE: Ramco Systems cancels rights issue
Cites ‘unfavourable market conditions’ as reason. Chennai, May 29 Ramco Systems Ltd, which had announced a rights issue last year to raise Rs 131 crore, has decided not to proceed with the issue due to “unfavourable ...

PRIVATE PLACEMENT: Angel Broking wants to raise Rs 250 cr via private equity
Mumbai, May 29 Angel Broking is planning to raise Rs 250 crore to Rs 300 crore of additional capital from the private equity space to fuel its branch expansion and margin ...

MUTUAL FUNDS: Prashant Saran to head MF dept of SEBI
Mumbai, May 29 Mr Prashant Saran, who recently joined SEBI as a whole time member, will head the board’s departments dealing with mutual funds, policy analysis, regional offices and ...

REGULATORY BODIES & RULINGS: SEBI bars portfolio manager
Mumbai, May 29 SEBI, in an interim order, has debarred a portfolio manager of US-based FII Passport Capital’s sub-account from participating in the securities market, as his dealings were tantamount to ...

Columnists: Harish Bijoor Ramanujam Sridhar S Ramesh Kumar Radhika Chada




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Markets (May 29)
Nifty (at close)4,448.95(+111.85)
US Dollar (Buy/Sell)47.07/08
Brent crude (a bbl) Rs3,113
Gold (a gram) Rs1,372
Silver (a kg) Rs24,865

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