The Hindu Business Line : Friday, December 22, 2006

FINANCIAL SERVICES
Stock Holding Corp plans to set up institute
Stock Holding Corporation of India Ltd is negotiating with the Maharashtra Government for 15 acres of land at Patalganga to set up a Capital Market Institute. This Institute will tie up with the International Capital Market Institute to ... More

MUTUAL FUNDS
Central Bank to distribute Tata Mutual's products
Tata Mutual Fund has signed a marketing agreement with Central Bank of India (CBI) for distributing its mutual funds. Initially, CBI will distribute various schemes of Tata Mutual Fund through 300 branches across the country. The branches ... More

STOCKS
Maharashtra Seamless allots FCCB conversion
Maharashtra Seamless Ltd has allotted 8,59,220 equity shares of Rs 5 each of the company at a premium of Rs 248.34 per share upon exercise of option of conversion for 5,000 number of zero coupon Foreign Currency Convertible Bonds (FCCB)s of $ ... More

Gayatri Projects to hike capital
Gayatri Projects Ltd plans to increase the authorised capital of the company from the existing Rs 12 crore to Rs 15 crore. The company has decided to issue Foreign Currency Convertible Bonds /other securities to be subscribed in ... More

Mid-cap IT stocks shine
Infotech stocks such as Tata Elxsi, Polaris Software Lab, Nucleus Software and Sonata Software have been witnessing active buying accompanied by gains in stock price. According to brokers, several analysts have come out with `buy' ... More

Glenmark: Value buying seen
The stock surged sharply on Thursday in spite of volatile market conditions. Traders say the surge could be attributed to its recent announcement that its Swiss subsidiary has applied for the first phase of clinical trials in Europe for the ... More

TECHNICAL ANALYSIS
Bulls prevail
Thursday's trading activity witnessed volatile movement. The sentiment reading of the tradable counters remains bearish. Bull move on Friday is likely to change the sentiment reading in their favor. On the contrary, the prevailing bearish ... More

GENDER
Equity culture spreads among women in South
HAPPY HOUSEWIVES More

FOREIGN INSTITUTIONAL INVESTORS
Escorts talking to PE firms to raise funds
Escorts Ltd is currently in talks with a clutch of private equity firms to raise money to fund expansion of its construction equipment unit. The company plans to set up two new facilities for construction equipment, one of which will be in ... More

FIIs: India expensive?
Of late, FIIs have turned net sellers in the cash market. According to traders, FIIs, particularly those from the West, are gradually booking profits in Indian markets. According to them, at current levels Indian markets' valuations are too ... More

REGULATORY BODIES & RULINGS
SEBI bars Gammon India from trading
Market regulator finds irregularities in 2001 rights issue More

For South Asian financial integration via the stock market
Corporate governance has become a mandatory condition for listed companies. Hence the regulators will have to introduce uniform governance code, besides similar credit rating standards. More

SEBI penalty on Kotak Securities
The SEBI has imposed a penalty of Rs 10 lakh on Kotak Securities for reportedly violating SEBI rules including granting trading terminals at places other than those specified by the regulator and also to non-authorised persons, committing ... More

COMMENTARY
Another volatile day of trading
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IPOS
Great Offshore debuts at Rs 702
Great Offshore Ltd, born out of the demerger of Great Eastern Shipping's offshore business, was listed at Rs 702 on the BSE. The company touched an intra-day high at Rs 800 before closing at Rs 727.05. Total of 45,65,383 shares were traded on ... More

RIGHTS ISSUE
R.S. Software rights issue subscribed 1.07 times
The rights issue of R. S. Software (India) Ltd, a software solutions provider in the payment systems domain, was oversubscribed 1.07 times. The company had fixed the rights issue price at Rs 65 per share. The existing equity shares of the ... More