The Hindu Business Line : Friday, November 24, 2006

BL Club lecture today
As part of the Business Line Club activities, Mr G.S. Subrhmonya , Area Manager of Stock Holding Corporation of India Ltd, Mangalore, will speak on `Dematerialisation and capital markets' at the KVG College of Management ... More

SEBI allows HDFC Bank to open DP a/cs
Security and Exchange Board of India has lifted the ban on HDFC Bank, a depository participant, allowing it to open fresh demat accounts. SEBI had prohibited the bank to issue further demat accounts, as it had failed to adhere to the `know your ... More

SEBI to announce norms for MF distributors
Capital markets regulator SEBI will soon prescribe qualification norms for distributors of mutual funds. "We will be coming out with norms on the required qualifications for fund managers," said Mr M. Damodaran, Chairman SEBI, at an informal ... More

SBI launches online trading
SBI today launched an online trading facility, eZ@sbi account, with Motilal Oswal Securities Ltd (MOSL). It is a three-in-one account. The demat account and the savings or current account will be opened with SBI and ... More

NEW FUND OFFER
LIC Mutual launches India Vision fund
Yet another mutual fund is being launched which bets on the growth potential of the country and companies. LIC Mutual Fund has launched LIC MF India Vision Fund, a three-year close-ended equity scheme aiming to generate long-term appreciation by ... More

STOCKS
Method used to take control of Corus may change
On a day when EU (the European Union) set a January 3 deadline to rule on the Tata bid for Corus, Business Line contacted Mr Roy Montague-Jones of Richards Butler LLP, a London-based law firm, to know about the options before Tata. ... More

Order cancellation hits Hind Const
Cancellation of around Rs 1,900-crore worth of hydro power project, has lent a negative note to market interest in the stock of Hindustan Construction Ltd (HCC). The stock has been trading flat over the past one week, ending at Rs 146.25 on ... More

Expansion buzz propels Dhanuka
Reports of Dhanuka Pesticides Ltd planning to expand its seeds business has lent momentum to the company's stock on the bourses. The stock ended the day at Rs 89.70, up 0.34 per cent, on the BSE. The company has a presence in soyabean, paddy, ... More

TECHNICAL ANALYSIS
Bear domination
Bears dominated Thursday's trading activity. However, the sentiment reading of the tradable counters remains bullish. Bear move on Friday is likely to change the sentiment reading in their favour. On the contrary, the prevailing bullish sentiment ... More

FOREIGN INSTITUTIONAL INVESTORS
FIIs' investment in Yes Bank
FIIs, NRIs and persons of Indian origin can now purchase equity shares and convertible debentures of Yes Bank under the portfolio investment scheme up to 49 per cent of its paid-up capital, according to an RBI circular. ... More

MERGERS & ACQUISITIONS
`Regional bourses must kick-start consolidation process'
To be in a better position to go public More

REGULATORY BODIES & RULINGS
Delisting cos must pay fair exit value: SEBI
Regulator proposes doing away with book-building process More

COMMENTARY
Markets fail to sustain momentum
After a sharp rise this week, markets took a breather on Thursday as investors remained cautious and booked profits. Sensex, which rose over 275 points over the last three trading sessions, ended in the red losing 26 points. The larger Nifty too ... More

IPOS
XL Telecom plans to enter capital market
The company plans to issue 39.56 lakh equity shares of Rs 10 each at a price band of Rs 125-Rs 150 a share. More

Bharat Earth Movers targets Rs 400 cr thru public issue
Proposed issue likely by March; awaits Cabinet approval More

Cairn raises Rs 3,700 cr ahead of IPO floatation
Petronas subsidiary picks up 10 pc of shares More

Firstsource files for IPO to sell 9.56-cr shares
Erstwhile ICICI OneSource to spend proceeds for acquisitions More

Cabinet approves IPOs of three power PSUs
The Cabinet Committee on Economic Affairs on Thursday approved initial public offerings of three State-owned power companies — Power Finance Corporation, Power Grid Corporation and Rural Electrification Corporation — through fresh ... More