MARKETS
MUTUAL FUNDS
HSBC MF aims to double market share
HSBC Asset Management (India), which manages the HSBC Mutual Fund, has set an ambitious target of doubling its assets under management as well as market share in the next couple of years. The HSBC AMC CEO, Mr Sanjay Prakash, said that the ...
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STOCKS
Corporates allowed to convert ECBs into equity
CORPORATES, whose activities are covered under the automatic route for FDI, would now be allowed to convert their external commercial borrowings (ECBs) into equity. Further, the foreign equity after the conversion of debt into equity should be ...
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TAXATION
Sensex up 92 pts on securities transaction tax debut day
STOCK markets raced to end at a near five-month closing high on the day of the debut of securities transaction tax. Brokers attribute the day's bullishness to factors including the fall in inflation rate, fall in crude oil prices and expectations ...
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TECHNICAL ANALYSIS
Bull sway
BULLS continued their supremacy over bears on Friday. The sentiment reading of the tradeable counters stands bullish. Bear domination on Monday is likely to reduce the bull count by a considerable margin thereby neutralising the sentiment ...
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STOCK MARKETS
Fem Care zooms on export thrust
THE stock price of Fem Care Pharma, a company engaged into business of cosmetics, is on rise in the last one week on huge growth potential from the export markets. Its stock price has increased from Rs 72 a week ago to today's closing price of ...
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Nucleus Software picks up 25 pc stake in GMAC India
SOFTWARE products company Nucleus Software Exports Ltd on Friday announced it has acquired 25.1 per cent stake in Chennai-based GMAC Financial Services India Ltd (GMAC India), the Indian automotive finance operation of General Motors Acceptance ...
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Shasun Chem dips on Vioxx development
SHASUN Chemicals and Drugs on Friday announced that its operational performance remained unaffected by Merck's decision to withdraw its drug, Vioxx, from the market even as its share price dropped. Shasun planned to export the drug to US once ...
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Rumours boost interest in Bank of Rajasthan
RUMOURS continued to sustain investor interest in the counter of the Bank of Rajasthan. The stock, which has appreciated by almost 33 per cent from around Rs 33.70 (BSE) levels as on September 1, 2004, is still being dogged by market talk of a ...
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COMMENTARY
Heavy buying interest in large-cap stocks
MARKETS zoomed on Friday, building on the gains of the previous two trading sessions. The robust GDP growth rates registered in the April-June quarter, coupled with expectations of strong earnings numbers from corporates, appears to have perked ...
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IPOS
Polymer duty cut not to hit Haldia Petro IPO plans
THE Union Government's decision to reduce import duties on polymer products will affect the profitability of Haldia Petrochemicals, despite a corresponding reduction in the import duty of naphtha. However, Haldia Petrochemicals is firm on its ...
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