MARKETS
PRIVATE PLACEMENT
Good response to GVK Power's placement issue
GVK Power & Infrastructure Ltd (GVKPIL), an integrated infrastructure player, has completed a $300-million Qualified Institutional Placement (QIP). The company's QIP is the largest issue under the SEBI QIP regulations and the demand was nearly .
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FINANCIAL SERVICES
New director for Geojit BNP
Mr Stefan Groening has joined Geojit BNP Paribas as Director, Planning and Control at its Corporate Office, in Kochi. He will be in charge of Compliance, Audit and Control, according to a press release. Mr Groening was earlier in ...
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MUTUAL FUNDS
Aviva Life's growth fund clocks 35% rise
Launches guaranteed returns plan
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Equity, income schemes see lower inflows in April
About Rs 7,380 crore has flown back into liquid funds in April as per data given out by the Association of Mutual Funds in India. This category of mutual funds had witnessed hefty redemptions in March as corporates withdrew money to pay taxes. ...
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Franklin ties up with Central Bank of India
Franklin Templeton Investments has signed a memorandum of understanding with Central Bank of India for distributing its products. "One-third of Franklin Templeton's assets in India comes from the banking segment," said Mr Sandeep Singh, ...
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STOCKS
Sun shines on Raj TV
`Heightened interest due to clutch of company announcements'
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Dubai co Legatum invests Rs 100 cr in SHARE Microfin
Legatum, a Dubai-based private firm with investments in international financial markets, has announced an investment of Rs 100 crore ($25 million) to acquire a majority stake in Hyderabad-based micro finance institution, SHARE Microfin Ltd ...
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Arvind Mills turns active on new joint venture
Arvind Mills after a long gap moved up in anticipation of a positive development. The counter, which was in a declining mode even a few weeks ago, today gained 3.25 per cent to close at Rs 46. Traded volume was more than double of the recent ...
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TECHNICAL ANALYSIS
Bull run arrested
Bull run arrested was during Tuesday's trading activity. However, the sentiment reading of the tradable counters remains bullish. Bear move on Wednesday has the potential to change the sentiment reading in their favour. On the contrary, the ...
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FOREIGN INSTITUTIONAL INVESTORS
GVK completes $300 m in QIP
GVK Power & Infrastructure Ltd (GVKPIL), an infrastructure company, has completed a $300 million Qualified Institutional Placement (QIP). GVKPIL's QIP issuance is the largest issue under the SEBI QIP regulations and the demand ..
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REGULATORY BODIES & RULINGS
`240 listed companies are flouting norms'
Some 240 listed companies have flouted listing norms relating to minimum public shareholding, according to Mr Pawan Kumar Bansal, Minister of State (Finance). According to April 2006 guidelines, companies (except Government-owned and ...
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IPOS
Asahi Songwon IPO subscribed 1.85 times
The initial public offering of Asahi Songwon Colours was subscribed 1.85 times on the BSE and NSE. Bids were received across the price band of Rs 90 - Rs 108 per share. A total of 68,80,800 bids were received against the issue size of ...
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