MARKETS
NEW FUND OFFER
SBI Mutual to launch debt fund series
SBI Mutual Fund will launch `SBI Debt Fund Series' (SDFS), a 90 days fund, an official statement said. The new fund offer will be open from August 24 and close on August 28. The fund would invest in a portfolio of AAA/AA+ rated debt ...
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MUTUAL FUNDS
OptiMix picks 4 funds for FoF portfolio
Multi-manager ING arm picks up funds offered by Reliance, DSP Merrill Lynch, Templeton, Sundaram
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STOCKS
Govt to wait for `opportune time' to offload residual stake in Maruti
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Weak trend persists in tea stocks
Valuations of tea stocks are apparently not in sync with the buoyancy seen in the tea industry in recent times. Trading volumes in major tea counters, after a brief spurt witnessed a few months ago, have started flagging, belying the expectations ...
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Acacia Partners picks up 3.55 pc in City Union Bank
Acacia Partners LP of USA has picked up around 8.8 lakh shares of City Union Bank, or about 3.55 per cent of the bank's equity capital. Sources in City Union Bank confirmed this to Business Line on Wednesday. They said that the pick-up ...
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Prajay Engg allots shares to Goldman Sachs
The allotment committee of the board of directors of Prajay Engineers Syndicate Ltd, at its meeting on Tuesday, allotted 7,07,442 equity shares of Rs 10 each fully paid-up at a conversion price of Rs 75 per share to Goldman Sachs Investments ...
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R.S.Lodha, EIIC appeal against CLB order
Both Mr R.S. Lodha and East India Investment Company Pvt. Ltd (EIIC) filed appeals in the Calcutta High Court on Wednesday, challenging the order of the Company Law Board (CLB), Eastern Region, Kolkata, which directed Registrar of Companies (ROC) ...
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RDB Ind up on strategic move?
RDB Industries, a Kolkata-based tobacco product company, has been moving up the market price ladder recently. The stock, which was 5 per cent up on Wednesday at Rs 117 on the BSE with a traded quantity of 76,616 shares (fortnight average 43,172 ...
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TECHNICAL ANALYSIS
Bear domination
Bear Dominated over Wednesday's trading activity. The sentiment reading of the tradable counters changed to bearish. Bull move on Thursday is likely to change the sentiment reading in their favour. On the contrary, the prevailing bearish ...
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REGULATORY BODIES & RULINGS
SEBI investigates 165 cases last fiscal
Market manipulation and price rigging constituted a major slice of the cases that were taken up for investigation by the market regulator, SEBI, in the last fiscal. Out of the 165 cases taken up for investigation, 137 cases (about 83 per cent) ...
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COMMENTARY
Weak Asian sentiment drags down bourses
Continuing in Tuesday's pattern, the markets opened on a strong note on Wednesday, but the opening gains were short-lived as weak sentiment in the major Asian markets dampened interest among market participants. With indecision prevailing in ...
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IPOS
Deep Industries to enter market
To use the fund for business expansion plans
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IPO documents filed with SEBI
Pyramid Saimara Theatre, ICRA and Development Credit Bank were some of the companies who filed their IPO documents with SEBI this month. Lanco Infratech, Lumax Auto Technologies, Bengal Tea & Fabrics Ltd and Sobha Developers Ltd were among the ..
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OUTLOOK
Primary market set to witness huge inflows
IPOs of industry heavy weights in the pipeline
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