Canbank MF to pay 30% on Canexpo plan
CANBANK Mutual Fund has declared income distribution of 30 per cent on the face value of Rs 10 in its Canexpo Scheme under Income Plan. A Canbank Mutual Fund release said on Wednesday that January 20 has been fixed as the record date for income ...
Bull run arrested
THE sentiment reading of the tradable counters remains bullish. Neither the bulls nor the bears could gain much from the day's trading. Bear domination on Thursday is likely to change the sentiment reading in their favour. Otherwise, the ...
Corporates lag in getting unique ID May find markets out of bounds
OVER two-thirds of corporates who invest in the stock markets or mutual funds may not be able to transact after December 31, as the Securities and Exchange Board of India's deadline for its unique identification number exercise ends in the next ...
Renewed interest seen in GKW on revival hopes
THE GKW counter is abuzz with activity on the NSE as the revival package of the company awaits BIFR nod. Corporate sources close to the company management confirmed to Business Line that SBI, the operating agency, has supported the ...
Technical snag at depositories delays pay-out for share deals
THE pay out on December 29 for the settlement of trades executed on Monday, December 27, was delayed because of a technical snag at the depositories. A Securities and Exchange Board of India said in a press release that depositories and stock ...
Teledata mulls ADR/GDR issue
THE Chennai-based Teledata Informatics Ltd plans to issue of global depository receipts/American depository receipts/Euro convertible bonds/foreign currency convertible bonds/secured premium notes to an extent of $75 million. The company has ...
Imports sweeten them
SELECT sugar companies are expected to have bumper current financial year. This is due to the import of raw sugar by these companies, which in turn can be sold in the domestic market after refining. Some of the companies, which have imported ...
Hindalco, Reliance help index end positive
THE trading activity was lacklustre during Wednesday's trading. The benchmark indices were little changed in relation to the previous day's close. After opening on a strong note at 6594.39, the BSE Sensex moved past the 6600-mark during the day. ...
Emami files `red herring' prospectus for public issue
EMAMI Ltd, a member of the Rs 600-crore Emami Group, has filed a draft `red herring' prospectus with the Securities and Exchange Board of India for its forthcoming public issue of 50,00,000 lakh shares of Rs 2 each for cash. According to an ...
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