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Friday, March 19, 2004

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SEBI moves to protect small investors in MFs — Norm soon on NAV cut-off time
CORPORATE and institutional investors would no longer be able to take advantage of the absence of strict cut-off timing of net asset value of mutual funds. To plug this discriminatory practice, the Securities and Exchange Board of India (SEBI) ... More

Another Thursday fall; Sensex loses 120 points
THE bulls must be literally seeing red on Thursdays. The stock market has crashed every Thursday since January 10 this year; and today was no different. The Bombay Stock Exchange's Sensex lost 2.18 per cent of its value on sustained pounding ... More

Recent IPO stocks fall below listing levels
SHARES of recently popular IPO candidates appear to have run into rough weather with stock values falling sharply from their listing price levels. Shares of Patni Computers, Indraprastha Gas and TV Today, among those heavily oversubscribed ... More

Ten Sports controversy fall-out — Govt mulls norms for downlinking into India
THE recent controversy surrounding Ten Sports has led to the Government considering norms for channels beaming into India. Currently several channels are being uplinked from international hubs and are downlinked in India. But there are no laws ... More

Channels clueless on losses from Indo-Pak series telecast
A DAY after the Supreme Court (SC) directed Ten Sports to share its signals of the on-going Indo-Pak cricket series with Doordarshan, Ten Sports, Cable Distribution Network (CDN) and Prasar Bharati have been assessing the losses that they will ... More

With merger uncertainties continuing — IFCI VRS evokes poor response
YOU have heard of desertion from a sinking ship. But here is a case of passengers on a seemingly sinking carrier desperately clinging on to it despite being offered a safe exit. In what may come as surprise to many, the ongoing voluntary ... More

PSU oil cos seal discount deal with Reliance Ind
THE public sector oil companies have finalised a deal with Reliance Industries Ltd to purchase 4.3 million tonnes of petroproducts at a 37 per cent discount in 2004-05. During the current fiscal, Reliance is set to sell around 11.5 million ... More

Village youth turn brand ambassadors
WHILE `think local' is the mantra for driving sales in India, `act local' could just be the new formula for connecting with the hinterland. That's what the Pune-based rural marketing agency, Rural Relations, is ascertaining through its recent ... More

Study says fridge market may grow 15 pc next year
THE market for refrigerators, which has been struggling with an average growth of around 5 per cent since 1999, is likely to get a boost in 2004-2005 with projected sales of 4.1 - 4.2 million units, from the expected 3.65 million units in ... More

SHCIL Managing Director quits
THE Managing Director of Stock Holding Corporation of India, Mr K.C. Bandopadhyay, resigned on Thursday evening. According to top sources in SHCIL, Mr Bandopadhyay quit citing personal reasons but would continue to hold charge until April 30. ... More




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