The Hindu Business Line : Tuesday, May 17, 2005

Pitti plans EGM for pref offer
THE board of directors of Pitti Laminations Ltd has decided to seek the consent of its shareholders for the proposed preferential offer to both promoters and outsiders. Accordingly, it has decided to convene an extraordinary general meeting on ... More

INSIGHT

The spirited recovery after a crash
EXACTLY a year ago when Indian equity markets suffered heavy losses, no one had imagined its recovery would be so speedy. Since May 2004, BSE Sensex and NSE's S&P CNX Nifty have not only touched their all-time high levels but also gained ... More

STOCKS

Matrix Labs plans $200-m global offering
MATRIX Laboratories Ltd is currently on the verge of finalising a global offering to the tune of $200-million for meeting its growth objectives. A senior Matrix Lab official told Business Line that the company has decided to go in for ... More

TECHNICAL ANALYSIS

Bull domination
The sentiment reading of the tradable counters stands strongly bullish. Bear domination on Tuesday is likely to reduce the bull count by a considerable margin thereby resulting a change in the sentiment reading. More

STOCK MARKETS

RPG Life Science up on takeover talk
THE RPG Life Science stock on Monday closed at its 20-per cent circuit breaker on a lively increase in the traded quantity on the bourses. According to market sources, the company is understood to be on the block. The merchant banking sources ... More

DERIVATIVES MARKETS

Small reversal likely in Tata Motors, SBI
THE following strategies are based on Monday's trading in the derivatives segment on the NSE. The strategies are constructed to take advantage of small reversals in futures prices. The positions may run counter to the primary trend. Protective ... More

FOREIGN INSTITUTIONAL INVESTORS

Blackstone Group to invest $1 b in India
THE New York-based investment and advisory group, The Blackstone Group, has announced an allocation of $1 billion for investments in India. The company has appointed Mr Akhil Gupta as the Senior Managing Director in charge of its Indian ... More

COMMENTARY

Auto stocks in top gear; metals shine
THE bull-run on the markets continued into Monday's trade, backed by strong earnings performance and buying interest. The markets closed with gains for the third day in a row. Mid-cap stocks were the major gainers, frontline stocks — ... More

IPOS

Beeyu Overseas plans to raise Rs 10 cr from public issue
TEA company Beeyu Overseas Ltd on Monday announced a public offering of 71.4 lakh equity shares of Rs 10 each for cash at a premium of Rs 4. The company plans to mobilise up to Rs 10 crore through this public issue, needed for expanding ... More

Blazeflash announces IPO for 2006
NEW DELHI: Blazeflash Couriers Pvt Ltd will come out with an initial public offering in 2006. The company, which held it annual general meeting here on Monday, also announced a turnover target of Rs 65 crore for this fiscal. ... More

TRENDS

Private equity funds upbeat on healthcare cos
THE Indian healthcare industry has become the cynosure of private equity investors. Private healthcare providers such as Fortis, Apollo, Max, Wockhardt and Dr Batra's Homeopathy Clinic are being serenaded by funds wishing to invest in these ... More

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