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MARKETS
INVESTOR PROTECTION:
SEBI to amend norms on pref share pricing
Mumbai, Feb. 19 The Securities and Exchange Board of India (SEBI) is in the process of amending its Disclosure and Investor Protection guidelines to allow a preferential allotment of shares of Satyam Computer at a price that would fetch ...
RECOMMENDATION:
Indian Overseas Bank (Rs 51.45): Sell
We recommend a sell in Indian Overseas Bank stock from a short-term trading perspective. It is apparent from the charts of Indian Overseas Bank that it has been on a long-term downtrend from its January 2008 peak of Rs 228. Since then, the stock ...
RECOMMENDATION:
Day Trading Guide
We retain our prior view of initiating fresh long-position if DLF exceeds Rs 168, with tight stop-loss. Initiate fresh short-position if ICICI Bank declines below Rs 348 and SBI falls ...
FINANCIAL SERVICES:
Law soon on forfeiting frozen demat assets
Depositories can be empowered to auction ‘unclaimed’ shares. Mumbai, Feb. 19 The Government proposes to amend the Depositories Act to forfeit around Rs 8,800 crore worth assets lying in the frozen demat accounts, according to the ...
BUYBACK:
More cos announce buyback of FCCBs
Jubilant Organosys, Tulip Communications join the list. Mumbai, Feb. 19 More companies are announcing buyback foreign currency convertible bonds. Pharmaceutical major Jubilant Organosys today said it will buyback FCCB worth $48 million. With ...
STOCKS:
New orders may help Leyland report better performance
Order flows for commercial vehicle major — Ashok Leyland (flagship company of Hinduja Group) have been picking up over the past month. The most recent one is an order for 1,000 buses from the Ministry of Transport, Angola, worth ...
STOCKS:
Hindalco declines on Novelis losses
Kolkata, Feb. 19 Hindalco Industries has been sliding after it approved a financial restructuring exercise aimed at amortisation of goodwill incurred for the Novelis acquisition and growth projects in India via using reserves from its ...
ECONOMIC OFFENCES:
Prabhudas pays Rs 2.05 cr for DSQ case
Mumbai, Feb. 19 Stock broking firm Prabhudas Lilladher Pvt Ltd paid Rs 2.05 crore towards settlement charges in the matter of its alleged irregular dealing in the shares of DSQ Software Ltd and DSQ ...
REGULATORY BODIES & RULINGS:
‘Regulations come at a cost’
Chennai, Feb. 19 “Don’t rush in for fresh regulations post Satyam scandal,” said, Mr M. Damodaran, Former Chairman, Securities and Exchange Board of India while addressing a seminar on “Corporate Governance - Role ...
DERIVATIVES MARKETS:
Lacklustre day
Chennai, Feb. 19 It was one of the lackadaisical days for F&O traders, as the Nifty as well as individual stock futures moved in narrow band. The F&O market witnessed a turnover of Rs 30,637.67 crore, much below than the five-day ...
Columnists:
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Harish Bijoor
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Ramanujam Sridhar
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S Ramesh Kumar
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Radhika Chada
Comments & Letters to the Editor to: bleditor@thehindu.co.in
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