MARKETS
PRIVATE PLACEMENT
Ansal raises Rs 681 cr via QIP
Ansal Properties & Infrastructure Ltd, announced the completion of its Qualified Institutions Placement in India. The company raised Rs 681.75 crore through allotment of 67.50 lakh shares of Rs 5 each at a price of Rs 1,010 per share. The overall
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MUTUAL FUNDS
Mutual funds must offer innovative products: U.K. Sinha
Call to function as `single solution money manager'
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ID number for mutual fund investors
ID number to be given by CDSL-AMFI
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DoP launches new product at Coimbatore
The Department of Posts in Coimbatore has launched the retailing of SBI One India Mutual Fund through its network. The Post-Master General, Western Region, Coimbatore, Mr K.V. Sundar Rajan, said that AMCs were approaching the ...
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STOCKS
SBI holding in associates at 51 pc: Panel okays move
The Standing Committee on Finance has endorsed the proposed legislative amendment to reduce State Bank of India's shareholding (statutory minimum) in its subsidiary banks from the current 55 per cent to 51 per cent. In its report on the State ...
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Bharti Airtel: Close watch
The Bharti Airtel stock is being tracked closely for what a section of the market feels are purely fundamental reasons. The latter - a clutch of them that are being increasingly cited by investors - include the Bharti Group's move towards ...
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ITC: Rapid consolidation
The Re 1-face value ITC stock, which closed 1.9 per cent higher at Rs 176.80 on the NSE on Thursday, is being seen by marketmen as a stock that is consolidating rapidly in the sub-Rs 200 levels. On Thursday, trading volumes crossed 23 lakh ...
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TECHNICAL ANALYSIS
Bulls prevail
Bulls prevailed over Thursday's trading activity. The sentiment reading of the tradable counters changed to bullish. Bear move on Friday is likely to change the sentiment reading in their favour. On the contrary, the prevailing bullish sentiment ...
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STOCK EXCHANGES
DIFFERENT STROKE
Mr M. Damodaran, Chairman, SEBI, striking the gong to mark the inauguration of `BSE Broadcast', a ticker and video screen on the BSE Building, in Mumbai on Thursday. Looking on are Mr Rajneekant Patel, CEO of BSE, and Mr Prannoy Roy, Head of TV ...
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STOCK MARKETS
Sensex on the rise, gains 305.82 points
"We were expecting a turnaround for sure. But we did not expect it to happen so fast,'' said a dealer at Angel Broking on the rise in Sensex for the second day running. The last two trading sessions have seen the market recovering nearly half ...
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`Huge appetite, enough money for public issues'
Prime Database MD sees larger amounts being raised
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COMMENTARY
ICICI Bank, consumer goods stocks steal the show
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IPOS
Indus Fila files draft prospectus
Indus Fila Ltd has filed a draft prospectus with SEBI to enter the capital market with an initial public offering of 4,843,789 equity shares of Rs 10 each through the 100 per cent book building process. Anand Rathi Securities Ltd is the book ...
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Tanla Solutions IPO subscribed 36.18 times
The public issue of Tanla Solutions Ltd has been subscribed 36.18 times at 7 p.m. on the last day of book building. The QIB portion was subscribed 9.13 times, while the retail individual portion received a low response at 0.16 times. The ...
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VENTURE CAPITAL
Baring buys 10 pc in Bhushan Power
Baring Private Equity Asia has picked up 10 per cent equity stake in the New Delhi-based Bhushan Power and Steel Co (BPSL) for Rs 150 crore. The funds are to be utilised to fund phase II of Bhushan's capex plans towards its integrated steel ...
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