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STOCKS: L&T touches year low
Bid route for Satyam sale not favourable for L&T: Analysts. Kolkata, Feb. 20 L&T on Friday hit its year-low at Rs 610 and closed slightly higher at Rs 622.50, yielding a loss of 2.83 per cent against the previous closing on Company Law ...

INVESTMENTS: Pension regulator modifies proposed investment norms
Public comments sought. The Pension Fund Regulatory & Development Authority (PFRDA) on Friday evening released the modifications that it has proposed to the investment norms recommended by the expert group headed by Mr Deepak Parekh.. The ...

MUTUAL FUNDS: ICRA will also appraise mutual funds’ net asset values
Process of functioning of two valuators being worked out: AMFI. Mumbai, Feb. 20 Mutual fund houses will soon have a second valuation against which they can set the net asset values for their ...

FINANCIAL SERVICES: New directors on Geojit board
Geojit Financial Services has appointed Mr Manoj Joshi, Managing Director, Kerala State Industrial Development Corporation Ltd, as the nominee director of KSIDC on the company’s board. Mr Joshi replaces Mr P.H. Kurian, former Managing ...

BONUS ANNOUNCEMENTS: BSE board okays 12:1 bonus issue
Move to help the bourse come out with IPO. Mumbai, Feb. 20 Asia’s oldest bourse, the Bombay Stock Exchange (BSE), moved a step closer to eligibility for listing as its shareholders approved a bonus issue to raise the share capital base to ...

FINANCIAL SERVICES: Geojit launches property services division
Kochi, Feb. 20 Geojit Financial Services has announced the launch of its Property Services Division offering investors and builders a single platform to buy or sell office and commercial spaces and residential apartments or ...

COMMENTARY: Markets this Week
The week got off to a brisk start with selling of bluechip stocks following disappointment over the interim vote-on account Union Bdget; with no relief for corporates or the equity markets in sight, investors offloaded their long positions, ...

IPOS: Crisil finds weak corporate governance structures in IPO cos
Posers on board quality, directors’ independence. Mumbai, Feb. 20 A Crisil report on recent IPOs says that half of them were issued by companies with weak corporate governance ...

FINANCIAL SERVICES: Religare, 2 brokers get nod to trade in Nissan Copper
Mumbai, Feb. 20 SEBI on Friday revoked the restriction imposed on brokers Religare Securities, Dimensional Securities Pvt Ltd and Matrix Equitrade Pvt Ltd from dealing in the shares of Nissan Copper vide an order issued in January ...

Columnists: Harish Bijoor Ramanujam Sridhar S Ramesh Kumar Radhika Chada




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Markets (Feb 20)
Nifty (at close)2,736.45(-52.90)
US Dollar (Buy/Sell)49.72/74
Brent crude (a bbl) Rs2,043
Gold (a gram) Rs1,444
Silver (a kg) Rs24,400

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