|
|
MARKETS
RECOMMENDATION:
Cummins India (Rs 298.20): Sell
We recommend a sell in Cummins India from a short-term point of view. We notice in the charts of Cummins India that the stock has commenced a medium-term up move following the reversal from the support at Rs 225 in early July. However, this up ...
RECOMMENDATION:
Day Trading Guide
The near-term outlook is positive for the counter. We retain our buy recommendation in this counter. ...
STOCKS:
Steel stocks see sharp slide on price cut
Metal index suffers further on Sterlite restructuring. Mumbai, Sept. 10 Metal stocks slid on the bourses on Wednesday as talks of a cut in steel prices gathered momentum. A little before the trading session ended, there was indeed such a ...
ECONOMIC OFFENCES:
SAT refers insider trading case of Tata Finance back to SEBI
Mumbai, Sept. 10 The Securities Appellate Tribunal (SAT) has remitted the impugned SEBI order against Mr Dilip Pendse and two entities alleged to have been involved in insider trading in the shares of Tata Finance Ltd (TFL) between September ...
IPOS:
SEBI Interim Order in IPO scam
SEBI has confirmed the directions in the interim order passed in 2006 against Mr Dushyant Natwarlal Dalal and Puloma Dushyant Dalal in the matter of irregularity in IPOs in 2003-05. No direction was issued against Rasila Natwarlal and Natwarlal ...
FOREIGN INSTITUTIONAL INVESTORS:
‘Noble’ effort to help FIIs shift focus to mid-cap stocks
Firm will concentrate on shares below the top 50. Mumbai, Sept. 10 Foreign institutional investors are moving out of the top 50 Indian stocks and looking at the mid-cap stocks to be a part of the Indian growth story, according to an official ...
ASSET MANAGEMENT COMPANIES:
Peerless to launch asset management co soon
Net profits lower due to higher tax outgo. Kolkata, Sept 10 The Peerless General Finance and Investment Company Ltd (PGFI) will soon launch an asset management company. ...
FINANCIAL SERVICES:
Cap on inter-corporate loans, deposits for stock broking firms
New Delhi, Sept. 10 The revamped Company Law is likely to put a cap on inter-corporate loans or deposits being received or made by stock-broking companies. Official sources told Business Line that the Companies Bill (2008), ...
FOREIGN INSTITUTIONAL INVESTORS:
BPL Mobile sells 17% to Mauritius fund
New Delhi, Sept. 10 Essar Group-backed BPL Mobile on Tuesday said it has sold about 17 per cent equity stake to a Mauritius-based equity fund for $80 million. ...
MUTUAL FUNDS:
Loans to MFs: Banks get 3 more months to meet RBI norms
Mumbai, Sept. 10 The Reserve Bank of India has extended the deadline for banks to include loans to mutual funds and the Irrevocable Payment Commitments (IPCs) to stock exchanges (BSE & NSE) on behalf of MFs or FIIs under the capital market ...
RIGHTS ISSUE:
Gujarat NRE Coke to issue shares with differential voting rights
Chennai, Sept. 10 Gujarat NRE Coke Ltd proposes to issue shares with differential voting rights to its existing shareholders, for which its board will meet on September 17 to consider the ...
STOCKS:
Gammon strengthens its power portfolio
Forward integration to help it in bid for power projects. With the latest acquisition of a 50 per cent stake in Italy-based Sofinter, Gammon India would complete its technology gap in the power space and qualify itself to bid for equipment and ...
DERIVATIVES MARKETS:
IFCI continues to add open interest positions
Call writers emerge at 4500. Chennai, Sept. 10 Turnover improved substantially to Rs 52,717.79 crore in the F&O segment on Wednesday against Tuesday’s turnover of Rs 43,958.71 crore. The Nifty September future ended at 4417.25 ...
STOCK MARKETS:
Core sector growth continues to disappoint
Petroleum refinery, electricity, steel slowed maximum. For the first time since April, growth in the six core infrastructure industries (crude oil, petroleum refinery, coal, electricity, cement and finished steel) has crossed 4 per cent, ...
Comments & Letters to the Editor to: bleditor@thehindu.co.in
Subscribe to: Business Line
|
|
RSS Feeds