Business Daily from THE HINDU group of publications
Wednesday, November 15, 2006
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Markets (Nov 14)
BSE Sensex13425.50(+26.50)
S&P CNX Nifty3865.90 (+7.15)
US Dollar (Buy/Sell)45.23 (+0.50)


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MARKETS

NEW FUND OFFER
Crayon Capital to launch Rs 40-cr art fund
Crayon Capital, an asset management company, is set to launch its art fund `Crayon Capital Art Fund', worth Rs 40 crore. The fund has a minimum investment of Rs 10 lakh with a lock-in period of three years. This close-ended fund opens on ... More

Standard Chartered MF launches arbitrage fund
Standard Chartered Mutual Fund has launched Standard Chartered Arbitrage Fund, an open-ended equity scheme that will invest in cash and futures across markets. The new fund offer opens on November 14 and closes on November 30. The fund will ... More

STOCKS
Tata Sons sells 0.86% in TCS
Raises Rs 900 cr to fund buys More

Dr Reddy's files prospectus for issue of ADS
Offers 13.5 m shares; may fetch $235 m More

TCS up 3 pc on back of deal talk
Reports that TCS has inked a $100-million deal with US-based Kimberley Clarke saw the stock close almost three per cent higher on the BSE at Rs 1,106.25 on Tuesday. When contacted, the company refused to comment. In the recent past, the counter ... More

Vertex Spinning expansion plans find lukewarm response
Co's recent declaration to the stock exchange lacks clarity, say brokers More

Glenmark gains on tax relief buzz
Reports of a proposal mooting tax exemption for all R&D pharma companies till the year 2015 energised the counter of Glenmark Pharma on the bourses on Tuesday. The stock, which closed almost four per cent higher at Rs 509.25 on the BSE, has ... More

Greaves Cotton plunges 18 pc
The stock of Greaves Cotton plummeted by more than 18 per cent on Tuesday on the BSE on rumours that Piaggio is likely to set up a plant in India. Given that 30-35 per cent of the company's revenue comes from Piaggio, this news is expected to ... More

TECHNICAL ANALYSIS
Volatile movement
Tuesday's trading activity witnessed volatile movement. However, the sentiment reading of the tradable counters turned bearish. Bull move on Wednesday is likely to change the sentiment reading in their favour. On the contrary, the prevailing ... More

STOCK MARKETS
The Kolkata investor comes of age
GOING GOOD FOR BROKING FIRMS More

ASSET MANAGEMENT COMPANIES
Franklin Templeton to buy out Indian stake
Franklin Templeton Investments will buy out Hathway Investments' stake in Franklin Templeton Asset Management (India) Pvt. Ltd (AMC) subject to regulatory approvals. Franklin Templeton, which owns 75 per cent stake in the AMC, will acquire the ... More

INVESTOR GRIEVANCES
DLF settles minority shareholders' issue
To file for IPO `very soon' More

COMMENTARY
Breadth of markets clearly in favour of declines
More

PEOPLE
Soros to visit India next month
The US-based investment magnet, Mr George Soros, would have a first hand feel of the Indian growth story around the middle of December. The Chief Executive of his investment fund — Soros Fund Management Agency - Mr Abbas Zuaiter had ... More






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Top Stories
IPTV to breathe new life into sports

`Revenue effect of FDI must be assessed'

Soros to visit India next month

Retail loans surpass overall credit growth

India may soon turn No. 1 organic cotton producer

Dr Reddy's files prospectus for issue of ADS

OVL-led consortium strikes oil in Iran

India ranks 24 in world's top shopping streets

`Ore exporters must enter into long-term pacts with China'

Looking back
Nov. 5-Nov. 11
Prudent to book profits on any rally

Onset of tourism season spurs hotel stocks

Mobius exploring pvt equity options in India

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