The Hindu Business Line : Saturday, February 15, 2003

SSI makes open offer for 20 pc more in Aptech
SSI Ltd has announced an open offer to the existing shareholders of Aptech Ltd for the purchase of an additional 20 per cent stake in Aptech. The additional purchase would increase SSI's equity holding in Aptech to over 47 per cent, assuming full ... More

FINANCIAL SERVICES

Karvy touches 100-mark in branch network
KARVY Consultants Ltd, one of the leading integrated financial services conglomerate headquartered at Hyderabad, has reached a new landmark by opening its 100th branch at Tirupur in Tamil Nadu. Karvy offers through its branches a wide range of ... More

MUTUAL FUNDS

SEBI cancels licence of Pioneer ITI MF
THE Securities and Exchange Board of India (SEBI) has decided to cancel the certificate of registration issued to the Pioneer ITI Mutual Fund. The regulator had granted the certificate of registration to Kothari Pioneer Mutual Fund under the ... More

TECHNICAL ANALYSIS

Bear domination
BEARS gained control of Friday's trading activity. Their dominance left the bulls with no opportunity to recover. The market sentiment reading of the tradable counters remains bearish. Bull domination on Monday is likely to change the sentiment ... More

STOCK EXCHANGES

SEBI plans more powers to SEs to tackle erring cos
THE Securities and Exchange Board of India proposes to grant more powers to stock exchanges to take action against companies which are not complying with listing agreement including code of corporate governance. Mr G.N. Bajpai, SEBI Chairman, ... More

STOCK MARKETS

Simultaneous domestic, ADR offering in BPCL proposed
THE Inter-Ministerial Group (IMG) has decided to sell 20 per cent Government equity in Bharat Petroleum Corporation Ltd (BPCL) in the American markets through an American Depository Receipt (ADR). Simultaneously, a sale of 15 per cent has been ... More

BHEL stays in limelight
EVEN as a jittery market is looking eastwards for direction, select stocks such as Bharat Heavy Electricals Ltd (BHEL) continue to retain market interest. While there was no significant upside price wise, the counter witnessed good volumes today ... More

Promoter hikes stake in Kakatiya Cement
THE promoter and the Managing Director of Hyderabad-based Kakatiya Cement Sugar & Industries Ltd, Mr P. Venkateswarlu, has once again gone in for purchasing shares from the open market and marginally enhanced his holding in the company. In a ... More

Hero Honda slides further
HERO Honda seems to be in the news for all the wrong reasons and the impact has been substantial on the stock as well. The share price of Hero Honda slid further on Friday amidst rumours of a 40-50-per cent cut in its vehicle production. ... More

DERIVATIVES MARKETS

Infosys: Outlook positive; buy Feb 4300 calls
THE following strategies are based on Friday's trading in the derivatives segment on the NSE: Equity options Infosys: The outlook on this stock appears positive. The upside price target is Rs 4350. The risk is that the current ... More

FOREIGN INSTITUTIONAL INVESTORS

Fidelity hikes holding in Dr Reddy's
A LEADING foreign institutional investor - Fidelity Investment Trust - has acquired 80,000 shares of Dr Reddy's Laboratories, the Hyderabad-based drug major, thereby further consolidating its holding in the company. With the fresh ... More

COMMENTARY

Bank stocks crash as yields rise
TRADING volumes slumped on Friday even as the markets ended the day down. The Bombay Stock Exchange's Sensitive index (Sensex) dipped 0.74 per cent while the National Stock Exchange's S&P CNX Nifty ended lower by 0.81 per cent. The decline in ... More

PEOPLE

Mayya is ISE Chairman

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