The Hindu Business Line : Tuesday, August 12, 2008

MARKETS

FOREIGN INSTITUTIONAL INVESTORS: P-Notes back on SEBI agenda
Board meeting tomorrow; relook at certain restrictions on FIIs likely. New Delhi, Aug. 11 Participatory Notes are once again on the agenda of the capital market regulator, with the Securities and Exchange Board of India (SEBI) set to begin a ...

RECOMMENDATION: Television Eighteen India (Rs 249.1): Buy
We recommend a ‘buy’ in Television Eighteen India from a short-term horizon. From the charts of the stock we note that its intermediate-term downtrend, which began from the early January high of Rs 599 ended at the 52-week low of Rs ...

STOCK EXCHANGES: Set up bourse for small cos: Knowledge panel
New Delhi, Aug. 11 The National Knowledge Commission, chaired by Mr Sam Pitroda, today suggested establishing a stock exchange for small companies, and creating instruments to enable the firms to raise initial ...

STOCK MARKETS: Urea policy to open up new opportunities
Only players with resources to expand. The new investment policy for urea announced last week has the potential to sharply improve realisations and open up new growth opportunities for domestic manufacturers of the fertiliser. ...

IPOS: Oil India public offer likely in October
Board meet today to include new directors, discuss IPO. The tentative decision on IPO timing follows the recent approval by the Centre for appointing six new independent directors on board and conform to clause 49 of the listing agreement. ...

STOCKS: Buyback proposals lift HEG stock 11%
Public shareholding moves up to 50.26%. Kolkata, Aug. 11 HEG finished up 11 per cent on Monday when the company informed the stock exchanges that its board would meet on August 19 to consider share a buyback ...

OUTLOOK: ‘India will remain a market performer this year’
No one knows where the bottom is: Deutsche Bank. Chennai, Aug. 11 Be it 15,000 or 14,000: nobody knows where the bottom of the market lies. While investment pundits are now thinking twice before saying that markets have bottomed out, others ...

STOCKS: Bhuruka Gases moves up on delisting plans
Stock gains over 27% last week. Kolkata, Aug 11 Bhuruka Gases continued its upward journey and finished close to its upper limit of 5 per cent at Rs 33.15. On Thursday after market hours the company had announced that its board approved ...

INVESTOR PROTECTION: SEBI files criminal complaint against ‘habitual offender’
Mumbai, Aug. 11 Capital markets’ regulator SEBI has filed a criminal complaint against Delhi-based Mr Rajeev Kapoor, proprietor of Imax Equity Research, who has been “duping investors through misleading advertisements” in ...

FOREIGN INSTITUTIONAL INVESTORS: MFs hike, FII pare stake in Satyam in June quarter
Hyderabad, Aug. 11 Mutual funds, including UTI, have hiked their holdings in IT services provider Satyam Computer from 4.88 per cent to 5.56 per cent while foreign institutional investors (FIIs) have brought down their total holding marginally ...

REGULATORY BODIES & RULINGS: SEBI board likely to choose executive director on August 13
Mumbai, Aug. 11 The SEBI board is likely to finalise its choice for the post of Executive Director (Legal) at its meeting scheduled for August 13. ...

IPOS: Vishal Technologies gains 30% on listing day
Mumbai, Aug. 11 Vishal Information Technologies, a company delivering digitisation and e-Publishing services, on its debut closed at a premium of 29.73 per cent from its listing price on Monday on the NSE. ...

MUTUAL FUNDS: United Bank to vend SBI Funds products
Kolkata, Aug. 11 SBI Funds Management Pvt Ltd has tied up with United Bank of India (UBI) for selling mutual fund products through UBI ...

DERIVATIVES MARKETS: HDIL steals the limelight
ICICI Bank, SBI rule in discount. Chennai, Aug. 11 Trading volumes took a knock at the F&O segment as turnover slipped to Rs 39,699.28 crore against Friday’s value of Rs 47,120 crore. The Nifty August future closed at 4633.6 against ...

ANNOUNCEMENTS: Corporate developments
Coimbatore, Aug. 11 Deccan Gold Mines Ltd has concluded a memorandum of understanding (MoU) with JB Mining Holdings Ltd, Hong Kong (JB) whereby DGML shall carry out the entire gold exploration, resource estimation and ...

STOCK MARKETS: No reprieve for steel makers
Price freeze extended, margin pressure may persist. Steel producers who have been grappling with rising input costs and increasing costs of borrowing may have to forego price increases on their products for some more time. ...