MARKETS
FINANCIAL SERVICES
Reliance Money to launch PMS service for retail investors
Anil Dhirubhai Ambani group outfit Reliance Money is launching a portfolio management scheme (PMS) for retail investors. Mr Sudip Bandyopadhyay, CEO of Reliance Money, said here today that the proposed PMS would have an entry threshold of Rs 5 ...
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STOCKS
IFCI plummets 23% as deal falls through
Future hinges on further clarifications from company
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Phoenix Mills’ new structure
The board of Phoenix Mills Ltd has announced its intention to reorganise the capital structure of the company. The current structure, comprising of 30 lakh equity shares of face value of Rs 10 each, including the issued as well as un-issued ...
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TECHNICAL ANALYSIS
Volatile movement
Thursday’s trading activity witnessed volatile movement. The sentiment reading of the tradable counters remains bearish. Bull move on Monday is likely to change the sentiment reading in their favour. On the contrary, the current ...
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STOCK MARKETS
Marketmen welcome SEBI move on short-selling
It is expected to promote investor participation
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FOREIGN INSTITUTIONAL INVESTORS
US capital outflows fall 66% in July-Sept
Data released by the US on Monday show that capital (re)exports over July-September 2007 were $300 billion below the figure for April-June. US banks accounted for one-third of the drop. Almost all the rest was due to the subdued ...
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REGULATORY BODIES & RULINGS
SEBI allows short selling by institutional, retail investors
Also providing means for settlement through securities lending and borrowing
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IPOS
Southern States spice up Mundra Port IPO
MARKET LURE
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Porwal Auto IPO subscribed 1.03 times
Mumbai, Dec. 20 Porwal Auto Components Ltd, engaged in manufacturing and selling SG and CI castings for the automobile sector, on the last day of its IPO was subscribed 1.03 times across the price band on both the BSE and NSE. It ...
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VENTURE CAPITAL
Fursa Mauritius picks up 43% stake in Gayatri Starchkem
Hyderabad, Dec. 20 Fursa Mauritius, an investment fund, has picked up a 42.63 per cent equity in the Hyderabad-based Gayatri Starchkem for Rs 18.5 crore. The fund, an arm of New York-based Fursa Alternative Strategies, has also decided ...
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