The Hindu Business Line : Sunday, July 18, 2004

FINANCIAL SERVICES
From riots to FIPB nod: Sareshwala makes a statement
FOR Mr Zafar Sareshwala, it was a second stint at fund management when the Foreign Investment Promotion Board (FIPB) granted clearance to his Ahmedabad-based Islamic fund management company, Parsoli Corporation Ltd (PCL) on July 12 to buy out ... More

MUTUAL FUNDS
State Street-UTI MF tie-up may offer more choices to investors
STATE Street Global Advisors, UTI Mutual Fund's new-found partner, has consolidated its status in the realm of institutional fund management. It has been identified as the largest player of its kind, thanks to the $1 trillion-plus assets handled ... More

STOCKS
Khaitan Electricals to get delisted
HYDERABAD: The board of directors of Khaitan Electricals Ltd, which met on Saturday, has approved a resolution for delisting the equity shares of the company from the Hyderabad and Kolkata Stock Exchanges, the company informed the ... More

STOCK MARKETS
FII picks beat the indices
STOCKS bought by foreign institutional investors (FIIs), during the last three months, outperformed the benchmark indices by a big margin. The market return on stocks in which FIIs reduced their exposure, however, lagged behind. An analysis of ... More

Transaction tax concerns will be addressed: Chidambaram
THE Finance Minister, Mr P. Chidambaram, clearly indicated on Saturday that there would be changes in the securities transaction tax (STT) to address the concerns of the investing community. The Union Budget had proposed to levy a 0.15 per cent ... More

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Pick a Winner Stock Market Contest

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Looking back
Jul. 11-Jul. 17
A tax that can be unsettling

Hope and caution - the buzzwords

Weather worries down markets

New tax regime lures NRIs to capital markets

Mid-caps back in vogue