Bank of India to merge MF arm with itself
BANK of India has decided to merge its mutual fund arm with the banking operations. "The bank has now decided to wind up BOI Mutual Fund by amalgamating it with itself and by taking over the remaining four schemes under the management of the ...
Kotak Mahindra to roll out Rs 250-cr pvt equity fund
THE Kotak Mahindra group is rolling out its first private equity fund, a vehicle with a corpus of Rs 250 crore. The fund will seek to invest across sectors. The group, whose interests range from banking to asset management to stock broking, is ...
Exchanges, MF trustees must file returns before June 30
STOCK exchanges and mutual fund trustees are required to submit their return of taxable securities transactions entered into during a financial year on or before June 30 immediately following that financial year. The Central Board of Direct ...
New STT regime comes into effect
NEW DELHI: The Central Board of Direct Taxes has notified October 1 as the date from which the chapter on Securities Transaction Tax (STT) in the Finance Act 2004 would come into force. This would imply that the new STT regime would come ...
BULLS were in total control of Thursday's trading activity. Thursday's market action resulted in terminating the downtrend counters in the list. The sentiment reading of the tradeable counters stands bullish with no downtrend counters. Bear ...
CSE fiat on transaction tax
THE Calcutta Stock Exchange has urged brokers to make sure that they have set up the necessary back office systems for the levy, collection and remittance of securities transaction tax (STT). These should be put in place with immediate ...
FIIs net sellers in derivatives in last 5 sessions
AT a time when the foreign institutional investors (FIIs) are bullish on Indian equity market, they have turned net sellers in the derivatives segment with sales crossing over Rs 1,200 crore in the last five trading sessions compared to net ...
Reprieve for auto stocks
FRONTLINE auto stocks like Tata Motors, Hero Honda, Bajaj Auto seemed to gain some of their lost sheen on the bourses today. Auto stocks had come in for some pressure in the last few trading sessions. Market sources maintain that FII support ...
MosChip to hike authorised capital
MOSCHIP Semiconductor Technology Ltd, a system on chip design house, has informed the Bombay Stock Exchange that the company has decided to increase the authorised share capital from Rs 35 crore to Rs 40 crore and allot warrants to MOS ...
Markets propped up by GDP data
THE BSE Sensex rallied for the second consecutive day on Thursday, with the bellwether closing at 5583.61 points, 56.05 points (or 1.01 per cent) higher than Wednesday's close. The announcement that India's GDP (Gross Domestic Product) by 7.4 ...
GIPCL appoints merchant bankers for public issue
STATE-OWNED Gujarat Industrial Power Company Ltd (GIPCL), which recently announced that it would raise Rs 225 crore through a public issue to part finance the proposed Rs 1,150-crore expansion of its Surat power plant, has appointed four merchant ...
Devaki Hospital seeks SEBI exemption for open offer requirement
DEVAKI Hospital's promoters wish to hike their equity holding by about 23 per cent to a total of 54 per cent of the company's capital, for which they have asked the Securities and Exchange Board of India (SEBI) to exempt them from a public ...
Ministry gets CLB nod for probe into Ketan Parekh cos
THE legal noose seems to be tightening around the Ketan Parekh group (KPG) of companies. Armed with the Company Law Board (CLB) order the Central Government can now investigate and bring out the nexus amongst various players of stock market ...
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