The Hindu Business Line : Saturday, August 27, 2005

Peninsular Cap branches
KOCHI: Peninsular Capital Market, a financial services company, has opened three more new branches in various parts of the country. The branches are at Borivali in Mumbai, Greater Noida at Delhi and at Hospet in Karnataka. According to ... More

MUTUAL FUNDS

UTI Mutual declares dividends on ETSP, Basic Ind schemes
UTI Mutual Fund has announced tax-free dividends of 40 per cent under the UTI Equity Tax Savings Plan (UTI-ETSP) and 20 per cent under the UTI Basic Industries Fund. A press release by UTI Mutual Fund said here on Friday that the record date ... More

STOCKS

L&T gets `in-principle' nod for share buyback
LARSEN & Toubro today obtained an in-principle approval from its shareholders to buy back its own shares and securities. The company gave no specific reason, size or time frame for its possible buyback programme. "It is just an enabling ... More

Eveready Ind plans $40-m GDR issue
EVEREADY Industries India Ltd, the flagship company of the BM Khaitan Group, is looking for a Luxembourg listing of its proposed $40 million GDR (global depository receipts) issue. ICICI Securities will be the merchant banker and the issue is ... More

RBI nod must for gifting securities to residents outside India
THOSE who transfer by way of gifts, securities including shares or debentures to residents outside India will have to obtain prior approval from the Reserve Bank of India. The value of the gift or security is not to exceed the rupee equivalent ... More

TECHNICAL ANALYSIS

Lacklustre movement
ON Friday, the sentiment reading of the tradable counters turned mildly bullish. Bull move on Monday is likely to further strengthen the prevailing sentiment. On the contrary, the sentiment reading is likely to turn bearish. Nifty futures ... More

STOCK MARKETS

Molasses price fall bodes well
INDIA Glycols, a chemicals company, has been on an upward move in the last few days. On Friday, the stock rose 13.15 per cent at Rs 206.50 on the BSE with volumes of 12.26 lakh shares; on the NSE, it closed at Rs 206.50, up 12.93 per cent, with ... More

Expansion plans flare up Rathi Udyog
The stock has posted a gain of 260.30 per cent in the last one month despite today's loss of around 10 per cent. It closed at Rs 217 on the BSE with a traded quantity of 4.06 lakh shares. According to market sources, prime reason for such an ... More

COMMENTARY

Mid & small-cap stocks finish on firm note
THE markets ended on a flat note on Friday, with most of the action confined to the mid-cap and small-cap space. The BSE Sensex rose by 19.8 points or 0.3 per cent to close at 7680.20. The Nifty ended the day at 2357.05, up 2.5 points from its ... More

IPOS

SEBI to end discretionary share allotment to QIBs
THE Securities and Exchange Board of India has decided to amend the share allotment norms for institutional investors in public issues. According to the decisions taken at the SEBI board meeting today, the allotment of shares to qualified ... More

Investment bankers express fears of fall in post-IPO price — SEBI decision on proportionate allotment
INVESTMENT bankers have said that the SEBI's decision to make proportionate allotment to institutional investors in public issues could affect the post-listing price of shares. They have also expressed concern over the quality of investors who ... More

Talbros Automotive public issue opens on Sept 1
TALBROS Automotive Components Ltd is entering the capital market on September 1, with a public issue of equity shares of Rs 10 each through the book building process, aggregating Rs 50 crore. The issue closes on September 9. Promoters' ... More