The Hindu Business Line : Friday, August 26, 2005

Mid-Day Multimedia allots pref shares to T Rowe Price
MID-DAY Multimedia Ltd has informed the stock exchanges that it would issue 21.90 lakh shares on preferential basis to T Rowe Price International to raise Rs 17.95 crore. The board of directors has decided to issue and allot 21.90 lakh fully ... More

FINANCIAL SERVICES

JRG launches new branch
THIRUVANANTHAPURAM: JRG Securities, a leading capital, commodity and insurance brokerage house, has launched its new branch office at Kowdiar here. Mr Giby Mathew, Managing Director, JRG Wealth Management, inaugurated the branch on ... More

MUTUAL FUNDS

DSP Merrill Lynch offers SIP with insurance cover
DSP Merrill Lynch Mutual Fund has launched a product that offers a systematic investment plan (SIP) as well as an insurance cover for the investor. The idea behind the product called "DSP Merrill Lynch Super S.I.P" is to facilitate investors to ... More

PruICICI's core sector fund raises Rs 1,400 cr
KOLKATA: Prudential ICICI Infrastructure Fund has raised roughly Rs 1,400 crore through 1.4 lakh applications. The new fund offer opened for subscription on July 18. It will invest at least 95 per cent of the corpus in equity and ... More

STOCKS

Gangotri Textiles board okays stock split, 1:1 bonus issue
GANGOTRI Textiles Ltd today decided to issue 1:1 bonus to its shareholders, which will double its present equity base of Rs 4.8 crore to Rs 9.6 crore. The company has also proposed to split the face value of its Rs 10 share into two shares of ... More

TECHNICAL ANALYSIS

Bear-run arrested
BULLS gained control of Thursday's trading, thereby terminating the three-day-long bear-run. The day's market action resulted in terminating most of the downtrend counters in the list. The sentiment reading of the tradable counters stands mildly ... More

STOCK MARKETS

Property sale buzz keeps GKW active
GKW is active on the market again on the property sale buzz. The company, which has received approval from BIFR for its revival package, is understood to be on the verge of clinching it Bangalore property deal. The stock closed at Rs 35.70, ... More

Haldyn Glass gains on plastic bags ban hopes
HALDYN Glass added new sparkle on the stock market as the impending ban on plastic carry bags by the Maharashtra Government raised expectations that use of glass packaging would increase and the company would be benefited. The stock closed ... More

Sensex closes 48 points higher
STOCK prices reversed their five-day downturn on Thursday, recovering some of their recent losses on value buying. The recovery was also helped by the fact that Thursday was the last day of derivatives contracts. The BSE Sensex closed at ... More

Phoenix Lamps gains on growth hopes
SHARES of Phoenix Lamps rose on Thursday on the expectation of a huge growth from the compact fluorescent lamps (CFL) and halogen automotive lamps business. The stock price of the company rose 11.76 per cent to Rs 78.40 on the BSE with a ... More

REGULATORY BODIES & RULINGS

SEBI pulls up Bangalore firm too in BFSL scrip deal at Magadh SE
THE SEBI has pulled up a Bangalore-based partnership firm called Pragya Enterprises in the matter of Bhoruka Financial Services Ltd (BFSL), the scrip that was transacted on the Magadh Stock Exchange (MSE) in violation of norms. The regulator's ... More

COMMENTARY

Markets rebound on F&O settlement
THE Sensex staged a strong recovery during the day's trading, after remaining in the negative territory for five trading days. The future and options settlement, which closed on Thursday, imparted strength to the indices. The Sensex closed for ... More

IPOS

Bannari Amman Spinning to tap market for expansion
BANNARI Amman Spinning Mills, part of the Coimbatore-based Bannari Amman group, which has an annual turnover of Rs 1,200 crore, is entering the capital market with a public issue of 70 lakh equity shares of Rs 10 face value per share. The issue, ... More

Amartex to go in for IPO to fund retail expansion
AMARTEX Industries Ltd on Thursday announced plans to approach the capital market by this year-end to raise around Rs 60 crore. The company plans to invest the funds in increasing its retail presence across the country from 30 outlets at present ... More