MARKETS
MUTUAL FUNDS
Sensex recovers on domestic funds buying
Mumbai, Aug. 22 Renewed buying interest among domestic institutional investors in index heavyweights sent the stock markets on a recovery mode on Wednesday. While the BSE Sensex was up 259.55 points to 14248.66, the Nifty gained 78.25 ...
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Distributors lure investors with physical incentives for NFOs
Freebies vary from kitchen items to tax-saving investments
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STOCKS
United Spirits seeks more time for AGM
Bangalore, Aug. 22 United Spirits has informed the Bombay Stock Exchange that it has taken permission from the Registrar of Companies, Karnataka, for extension of time up to November 30, 2007 for holding the annual general meeting of the ...
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TECHNICAL ANALYSIS
Bull domination
Wednesday’s trading activity witnessed bull domination. However, the sentiment reading of the tradable counters remains bearish. Bull move on Thursday is likely to change the sentiment reading in their favour. On the contrary, the ...
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STOCK MARKETS
FIIs’ net selling stands at Rs 8,558 cr this month
Their open interest positions dip in index futures
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Artson Engg: Stake sale nearing?
Artson Engineering, a turnkey and consultancy services company, is ruling firm at Rs 40 (BSE average daily volume around 61,000 shares for the past fortnight) as market talk suggested that the proposed stake buyout by Tata Projects, an unlisted ...
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ASSET MANAGEMENT COMPANIES
ICICI Pru AMC in tie-up with UBI
ICICI Prudential AMC has tied up with United Bank of India (UBI) for the distribution of its mutual fund schemes across India, a statement said. UBI will now distribute ICICI Prudential mutual fund products through 182 branches across the ...
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REGULATORY BODIES & RULINGS
No entry fee for direct applicants in MFs mooted
Mumbai, Aug. 22 The Securities and Exchange Board of India proposes to waive the ‘entry load’ for investors making direct applications in mutual fund schemes. Entry load is a specific upfront fee charged from investors in ...
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IPOS
PowerGrid files prospectus with market regulator
New Delhi, Aug. 22 Power transmission major PowerGrid Corporation of India Ltd on Wednesday filed its red herring prospectus with market regulator SEBI for an initial public offering.The State-owned company is likely to hit the market ...
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PUBLIC OFFER
Dagger Forst comes out with public, rights issues
Mumbai, Aug 22 Dagger Forst Tools Ltd of the Yash Birla Group has come out with a composite (rights and public) issue of 73,31,104 equity shares of Rs 10 each, aggregating Rs 29 crore.The rights issue of 33,24,954 equity shares of Rs 10 ...
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INVESTOR PROTECTION
GDR holders merit voting rights
There is no reason why parity of treatment cannot be given to the non-resident investor subscribing to Indian equity through GDR or ADR
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