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Saturday, February 19, 2005

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Kotak Mahindra Bank makes pref allotment
KOTAK Mahindra Bank Ltd has informed the BSE that it has allotted 33,00,000 equity shares of Rs 10 each on preferential basis to Madison Holding Ltd and Melany Holdings Ltd. Both Madison and Melany, which are registered sub-accounts of Warburg ... More

Merven Drug plans preferential issue
MERVEN Drug Products Ltd (MDPL) is holding its board meeting on February 24 to consider the transfer of business of Arch Pharmachem and for offering preferential shares to various parties. The company has informed the stock exchanges on Friday ... More

Financial Tech okays pref allotment to 2 FIIs
THE board of Financial Technologies (India) Ltd on Friday approved a preferential allotment of 28.75 lakh shares of Rs 2 each to foreign institutional investors - T Rowe Price International Inc and Goldman Sachs Investment (Mauritius) Ltd at ... More

S Kumars board to decide on pref allotment
MUMBAI: S Kumars Nationwide Ltd has informed the Bombay Stock Exchange that a meeting of its board of directors will be held on February 24 to consider issue of equity shares on a preferential basis to the promoters in accordance with CDR ... More


Crisil board backs S&P's open offer
THE board of directors of Crisil Ltd on Friday resolved to support the open offer for the company made by the McGraw Hill Companies. The board, "having regard to the relevant provisions of the Foreign Exchange Management Act, and the Foreign ... More


Fidelity gets SEBI nod to launch MF in India
THE Securities and Exchange Board of India has permitted Fidelity to launch its mutual funds in India. Fidelity plans to introduce its maiden product - a diversified equity fund - by mid-March. The local arm of the world's top fund ... More


Pantaloon to pick up 15.73 pc in Galaxy
PANTALOON Retail (India) Ltd on Friday announced that it is taking a 15.73 per cent stake in Galaxy Entertainment Ltd. Pantaloon will acquire 20 lakh equity shares of Galaxy Entertainment Corporation Ltd of Rs 10 each fully paid-up at a ... More


Range-bound movement
FRIDAY'S market action was quite indecisive. Neither the bulls nor the bears could gain much from the day's trading. The market sentiment reading of the tradeable counters stands mildly bearish. Bull domination on Monday is likely to change the ... More


SWIL upbeat on takeover buzz
COPPER company SWIL was locked in 20 per cent upper circuit on Friday. The stock closed at Rs 17.47 on the BSE with volume of 46.83 lakh shares. Dealers said the sudden interest in the stock came on market talk that a leading non-ferrous ... More

Paper stocks move up on price rise expectation
THE paper stocks moved up on Friday on the expectation of an imminent price rise in writing and printing paper. JK Paper stock gained most in terms of price (up 10.67 per cent), while BILT stock attracted very heavy trading volume at 45.40 lakh ... More


Outlook may turn positive for ITC, Tata Tea
THE following strategies are based on Friday's trading in the spot and the derivatives segments on the NSE: ITC: The stock closed at Rs 1280 in the spot market. The outlook may turn positive if the stock trades above Rs 1,305. In the ... More


Damodaran takes charge at SEBI — `Swift, heavy punishment for mischief makers in market'
MR Meleveetil Damodaran took charge on Friday as the Chairman of the Securities and Exchange Board of India. The 57-year-old bureaucrat, who resigned as the Chairman and Managing Director of IDBI to take up the new post, has been appointed for ... More

Thanks to SEBI's revised listing norms — Consulting firms flooded with risk management assignments
Come April 1 and company boards would have to grapple with the new risk management norms stipulated in the revised Clause 49 of SEBI's Listing Agreement, which requires firms to put in place a virtual check-point for identifying and mitigating ... More


Weak trend persists in large, mid-cap stocks
MARKETS remained lacklustre on Friday and ended the day with marginal losses. It bucked the trend seen in recent times when markets had closed the last trading day of the week with gains. The benchmark BSE Sensex ended at 6584.32 points, with ... More


Jet Air IPO subscribed 4.25 times on first day
THE Jet Airways IPO was subscribed 4.25 times on the first day of the offer, according to figures given on the NSE Web site. According to the site at 7:50 pm, a total of 7.32 crore bids were received on the first day. FIIs accounted for 69.93 ... More

United Western Bank plans public issue
UNITED Western Bank intends to come out with a public issue in the next six months, the bank's Chairman and CEO, Mr Satish Marathe, told Business Line. The Maharashtra-based bank is one of the smaller private sector banks with a total ... More


Deloitte to advise PNB on UK subsidiary — Bank's second public offer to open on March 7
PUNJAB National Bank, which is coming out with its second public offer shortly, is planning to float a subsidiary in the UK. Disclosing this at a press conference here today, the Chairman and Managing Director, PNB, Mr S.S. Kohli, said the bank ... More
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In Depth

Gender Justice
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Looking back
Feb. 6-Feb. 12
Jet Airways IPO price band fixed at Rs 950-1125

IVRCL plans Rs 145-cr public issue

IPO: 12 lakh shares reserved for Jet Airways employees

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