MARKETS
FINANCIAL SERVICES
Japan fund Nikko to set up joint venture
Nikko Asset Management Company Ltd of Japan plans to invest an initial amount of $5 million to set up a joint venture asset management company with Ambit RSM, a Mumbai-based financial services provider. The two companies will apply for the ...
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Integrated Enterprises branch
Integrated Enterprises India Ltd opened its fifth branch in Kerala at Kochi on Wednesday. The 33 year-old company has 106 branches spread across the country, according to a press release. The company deals with an array of ...
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NEW FUND OFFER
Sundaram BNP Paribas launches `Equity Multiplier' scheme
Sundaram BNP Paribas Mutual has launched Sundaram BNP Paribas Equity Multiplier, a three year close-ended equity scheme, which will invest in up to 40 select stocks at any point of time. The new fund offer opens on January 10 and closes on ...
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INSIGHT
Is our monetary policy `sound'?
Once in a while, it pays to sit back and judge objectively how instruments of monetary policy are being used. How should "monetary stability" be measured and how well has the RBI delivered on that goal? What effect has 55 years of discretionary monet ary policies had on the purchasing power of the rupee? asks SHANMUGANATHAN N.
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STOCKS
Contrasting fortunes for Zee outfits on Day 1 trading
Wire and Wireless Ltd (WWIL) and Zee News Ltd faced contrasting fortunes on their stock market debuts. On the National Stock Exchange, WWIL opened at Rs 100.20 a share, rose to a high of Rs 139.40, before closing at Rs 120.45, an increase of ...
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Srei Infra: Rate hike keenly watched
The Srei stock is being viewed in the context of the company's decision to increase its benchmark lending rate by 50 bps to 11.5 per cent. The hike, which came into effect on January 1, is said to be in anticipation of a possible increase in ...
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Balrampur: Betting on expansion
Analysts are watching the Re 1-face value Balrampur Chini Mills stock for what some of them say are plans chalked out by the company for expansion. The sugar outfit, which has half a dozen units in Uttar Pradesh, is adding to its production ...
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Tea stocks back in limelight
Increase in consumption, recovery in price augur well for industry
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TECHNICAL ANALYSIS
Bear domination
Bears dominated the Wednesday's trading activity. The sentiment reading of the tradable counters remained bearish. Bull move on Thursday is likely to change the sentiment reading in their favour. On the contrary, the prevailing bearish ...
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STOCK EXCHANGES
NSE, BSE record higher M-cap, listings growth in 2006
According to the World Federation of Exchanges data, while the NSE recorded a 61 per cent growth in market capitalisation, the BSE saw a 59 per cent growth for the period January-November 2006.
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FOREIGN INSTITUTIONAL INVESTORS
NYSE, Goldman, Softbank acquire stake in NSE
Four foreign entities buy 5 pc each totalling 20 pc
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COMMENTARY
Capital goods, oil & gas stocks lead decline
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IPOS
Cinemax plans to raise Rs 120-138 cr thru IPO
Cinemax India Ltd is entering the capital market with an initial public offering of 89.2 lakh equity shares in the price band fixed at Rs 135-155 per share. The issue opens on January 18 and closes on January 24. The offer comprises a fresh ...
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Pochiraju Industries IPO to open on January 15
Price band fixed at Rs 25-30
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Yogindera Worsted plans Rs 14-cr IPO
Yogindera Worsted Ltd, manufacturer of acrylic and blended yarn, proposes to enter the capital market with a public issue of 60 lakh equity shares of Rs 10 each at a premium of Rs 14 per share aggregating Rs 14.4 crore. The IPO would constitute ...
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Shree Ashtavinayak lists at 19% premium
The stock of Shree Ashtavinayak Cine Vision Ltd made its debut on the BSE at Rs 189.90, a premium of 18.69 per cent over its issue price of Rs 160. The company is an integrated film production, distribution and exhibition house. The stock reached ...
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