Financial Daily from THE HINDU group of publications
Thursday, September 19, 2002
Markets (Sept. 18)
BL 2501046.32 (-9.05)
BSE Sensex3069.78 (-34.12)
S&P CNX Nifty983.60 (-11.30)
Dollar (Buy/Sell)48.36/48.49
Gold Std (10 gm)5215 (+15)

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With new takeover guidelines — Ondeo Nalco shareholders knock at SEBI door
A group of minority shareholders of Ondeo Nalco India Ltd (formerly Nalco Chemicals India Ltd) has moved the Securities and Exchange Board of India (SEBI) regarding the application of the recently amended SEBI (substantial Acquisition of shares ... More


UTI board to mull MIP options
THE board of the Unit Trust of India is scheduled to meet on Thursday to consider various options on bridging the shortfall in the Monthly Income Plan 97 (IV). This scheme in which both the principal and dividend are assured is due for ... More


Bears regain strength
BEARS regained their strength and were in total control of Wednesday's trading. Bulls were unable to make any recovery during the day's trading. None of the counters in the tradable list is in the uptrend. The market sentiment reading of the ... More


  • Indian cos seek to list on LSE


    Naik talk lends steam to EIL
    AT a time when most PSU stocks were being hammered, the stock of Engineers India Ltd (EIL) closed higher today on reports that the Government will privatise the company in the current fiscal itself. The EIL stock ended 3.70 per cent higher on ... More

    Polaris-OrbiTech ratio to change?
    THE talk doing the rounds in the market on Polaris Software is that by end of this month, the merger exchange ratio between Polaris and OrbiTech is likely to change. Dealers said this would be done to benefit the shareholders of Polaris. At ... More

    Buying support lifts Apollo Hospitals
    APOLLO Hospitals has been witnessing a steady rise in recent times, backed by buying support from funds and retail investors. The stock today finished marginally higher at Rs 103.05 with 5.34 lakh shares being traded on the BSE. On the NSE, ... More


    Ranbaxy: Buy Sept puts for short-term gains
    THE following are some buy/sell strategies based on Wednesday's trading in the derivatives segment at the NSE: Equity options Ranbaxy Labs: The outlook on this stock appears negative. The price projection on the downside is Rs ... More


    Tech stocks take beating on weak signals from US
    THE benchmark BSE Sensex turned bearish again on Wednesday after key stocks on Wall Street and other US markets spiralled down to new lows following grim US economic data and the tough stance taken by the US on Iraq. This information triggered a ... More


    UCO Bank to go for IPO next fiscal
    UCO Bank will go public in 2003-04 fiscal, says Mr V. P. Shetty, the Chairman and Managing Director of the bank. This should be possible because, as Mr Shetty explained to Business Line, the Union Government has allowed the bank to set off ... More

    `Sub-optimal IPOs must go through regional bourses'
    THE ailing regional stock exchanges (RSEs) have found a champion in Mr Shitin Desai, Vice-Chairman and Managing Director of DSP Merrill Lynch, who has come out strongly in their favour. According to him, transactions below a certain cut-off size ... More


    Amara Raja case: 2 cos held guilty
    IN a significant development pertaining to price manipulation in the scrip of Amara Raja Batteries Ltd (ARBL), the Securities and Exchange Board of India (SEBI) has decided to suspend two of the stock broking firms registered on the Bombay Stock ... More
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    Top Stories
    Electrolux Kelvinator board okays cut in offer size of rights issue

    i-flex launches business intelligence division

    ICO plans promotion fund re-launch to boost offtake

    UCO Bank to go for IPO next fiscal

    `Task force report on chem sector will be implemented'

    Modified subsidy policy to cover private shipyards

    In Depth
    Gender Justice
    Simple Economics
    Small Investor
    Looking back
    Sep. 8-Sep. 14
    `UTI package sends positive signal to industry' — Mr A.P. Kurian, Chairman, Association of Mutual Funds of India

    UTI-II sell-off by mid-2003 likely

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