MARKETS
FINANCIAL SERVICES
Crisil to grade broking outfits on 5-point scale
Assigns `BQ-2' to Asit C. Mehta Investment
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Star Shar@Trade
NEW FACILITY FROM BANK OF INDIA: Mr M. Balachandran (left), CMD, Bank of India, and Mr Asit C. Mehta, Chairman, Asit C. Mehta Investment Intermediates Ltd, at a press conference to announce the launch of `Star Shar@Trade' (online share trading) ...
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NEW FUND OFFER
DSP Merrill launches tax saver fund
DSP Merrill Lynch Fund Managers Ltd has launched DSP Merrill Lynch Tax Saver Fund, an open-ended equity linked savings scheme (ELSS). The new fund offer will open on November 27 and close on December 21. The fund seeks to generate medium to ...
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DIVIDEND ANNOUNCEMENT
UTI Mutual declares dividends
UTI Mutual Fund has declared dividends in two of its schemes. A press release said here on Tuesday that UTI-Growth Sector Fund-Petro (UTI-GSF-Petro) has declared tax-free dividend of 20 per cent, and UTI Dividend Yield Fund has ...
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MUTUAL FUNDS
UAE Exchange to sell SBI Mutual schemes
SBI One India Fund is first product to be rolled out
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Fidelity's fund gets ICRA's highest rating
Investment Information and Credit Rating Agency Ltd has assigned the highest credit quality risk rating `mfAAA' to Fidelity Short Term Income Fund. The mfAAA rating indicates that the fund carries the lowest credit risk, similar to that ...
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STOCKS
Gujarat NRE begins new innings at Australian SE
Thanks to its controlling stake in Zelos Resources
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Reliance Capital dilutes stake in DTDC
DTDC keen on acquisition to expand business
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Exide Ind gains on insurance foray
The Exide Industries counter, which on Tuesday hit a low of Rs 38.25 to close at Rs 40.10 on the NSE, is seen to derive value from the battery maker's decision to invest in ING Vysya Life Insurance Co. The company had a few months ago proposed to ...
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Apollo Hospitals turns active
Apollo Hospitals shares are under watch due to series of major initiatives being taken up by the company. The recent ones include an agreement worked out with a European health insurance outfit and a proposal to revisit its exposure to a Lankan ...
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TECHNICAL ANALYSIS
Bear domination
Bears dominated Tuesday's trading activity. However, the sentiment reading of the tradable counters remains marginally bullish. Bear move on Wednesday is likely to change the sentiment reading to bearish. On the other hand, the bullish sentiment ...
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COMMENTARY
Indices down on weak global markets
Tracking the wobbly international markets, the domestic markets came under pressure during the day's trading. The sharp decline in the Dow and Nasdaq and weak opening of the Asian markets contributed to a sharp decline in the BSE Sensex, which ...
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IPOS
Ess Dee Aluminium to enter capital market
Ess Dee Aluminium Ltd (EDAL), an end-to-end pharmaceutical packaging solutions provider, will enter the capital market with an initial public issue of 69.60 lakh equity shares of Rs 10 each at a premium to be decided by the book building process. ...
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Astral Poly files for public issue
Pipe and plumbing systems manufacturer Astral Poly Technik Ltd, on Tuesday, filed an offer prospectus with SEBI for floating 33,71,000 equity shares of Rs 10 each in the price band of Rs 104 to Rs 124 per equity share. Karvy ...
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PUBLIC OFFER
Lumax Auto plans to tap capital market for Rs 22.3 cr
Issue opens on December 14
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ECONOMIC OFFENCES
SEBI dismisses case against India Bulls
SEBI has dismissed the case against India Bulls Securities Ltd (IBSL) in the TCS initial public offering share allotment irregularities. In April this year, in an interim order, SEBI had banned India Bulls from buying and selling shares ...
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