MARKETS
MUTUAL FUNDS
AUM to touch Rs 9.50 lakh cr in 3 years
New Delhi, Sept 28 The mutual funds assets will grow annually at 30 per cent in next three years to touch a level of Rs 9.50 lakh crore from Rs 4.67 lakh crore in July, according to The Associated Chambers of Commerce and Industry of ...
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STOCKS
UB gets nod for rights issue
The board of directors of United Breweries has approved a proposal to raise funds not exceeding Rs 425 crore by way of issue of equity shares to the existing equity shareholders of the company on rights basis.In a communication to the ...
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Jain Irrigation to distribute 5-lakh shares
Mumbai, Sept. 28 Jain Irrigation, a leading drip irrigation business, has grown to become a Rs 4,000 crore conglomerate. At the 20th AGM of the company, Mr Anil Jain, Managing Director, unveiled the company’s future ventures in ...
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Arvind Mills board okays 5.06 crore pref issue
Mumbai, Sept 28 The Board of Arvind Mills Ltd has approved the issue of 5.06 crore preferential warrants to the promoters of the company.Conversion Upon their conversion into equity shares at the end of ...
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Jet’s $400-m rights issue by Dec-Jan
Mumbai, Sept. 28 Jet Airways would be coming up with its rights issue of $400 million by December 2007 or January 2008, Mr Naresh Goyal, Chairman of Jet Airways, told the shareholders at the company’s AGM. On the decision to ...
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TECHNICAL ANALYSIS
Bulls prevail
Bulls prevailed over Friday’s trading activity. The sentiment reading of the tradable counters turned bullish. Bear move on Monday is likely to change the sentiment reading in their favour. On the contrary, the current bullish ...
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FOREIGN INSTITUTIONAL INVESTORS
Merrill Lynch, Citigroup pick 5% each in MCX
Mumbai, Sept. 28 Merrill Lynch and Citigroup have acquired 5 per cent stake each in the Multi Commodity Exchange of India Ltd (MCX). The total 10 per cent stake was purchased from Financial Technologies (India) Ltd. Financial ...
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FIIs, ECB loans buoy capital flows
NRI deposits turn unattractive; net FDI receipts lower
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REGULATORY BODIES & RULINGS
SEBI restrains Ojas Tech’s ex-directors
Allows Atlanta to raise funds
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IPOS
Ybrant Tech files for IPO
Mumbai, Sept 28 Ybrant Technologies Ltd, a digital marketing services company, has filed its draft red herring prospectus with the SEBI for entering the capital market with its initial public offering through 100 per cent book building ...
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PUBLIC OFFER
Reliance Energy jumps on subsidiary IPO talk
Mumbai, Sept. 28 Talk in the market that Reliance Power is considering a public offer of shares sent the share price of Reliance Energy soaring. The company’s stock was the top Sensex gainer on Friday. It rose by Rs 88.25 over the day, ...
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INVESTOR PROTECTION
Investors must do their homework: Chidambaram
The Finance Minister, Mr P. Chidambaram, on Friday cautioned investors over the share indices movements, which continued to be on a roll this week on more buying of select shares by foreign investors. “My advice to investors is ...
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