Financial Daily from THE HINDU group of publications
Saturday, September 03, 2005
Markets (Sept 2)
BL 2502382.13 (+7.80)
BSE Sensex7899.77 (+23.62)
S&P CNX Nifty2415.80 (+10.05)
US Dollar (Buy/Sell)43.81/43.94
Gold Std (10 gm)6380 (+95)

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NRI investment rules liberalised
THE Government on Friday said that all non-resident Indian (NRI) investment proposals would qualify for the conversion of non-repatriable equity into repatriable equity under the automatic route. This facility, however, comes with a ... More


UTI ULIP's asset base swells
THE country's largest unit-linked insurance plan, managed by UTI MF, has become even bigger, thanks to more investors moving into its fold. The trigger: Exemption under the newly-introduced Section 80C of the I-T Act as well as insurance ... More


SEs told to keep separate window for block deals
IN order to facilitate the execution of large trades through a single transaction, the Securities and Exchange Board of India has asked stock exchanges to provide a separate trading window for block deals. A trade, with a minimum quantity of ... More


Bulls prevail
BULLS maintained their pressure over Friday's trading activity. However, bears managed to reduce the bull count marginally. The sentiment reading of the tradable counters continues to remain bullish. Bear domination on Monday is likely to ... More


LIC to invest Rs 9,000 crore more in equities this fiscal — No plans for public issue, says Chairman
LIFE Insurance Corporation is planning to jack up its equity exposure this fiscal by investing up to 10 per cent of its assets in equities against the present level of 8 per cent. This would mean additional equity investments of Rs 9,000 crore ... More

Shree Vindhya Paper gathers momentum
SHREE Vindhya Paper Mill is up after operations at the company's factory gathered momentum. The paper plant had been closed for over three years. Trial production was resumed in December 2004 following financial restructuring under a CDR ... More


Winter Fall exits MphasiS, Fidelity hikes stake
PRIVATE corporate body Winter Fall Ltd (part of the Chrysalis Group) has exited MphasiS BFL Ltd by offloading its six per cent stake on August 31. Winter Fall sold its 47.43-lakh shares in the open market, thus making a complete exit from the ... More


Auto, bank stocks shine
AUTO and banking stocks stole the show during an otherwise lacklustre day on the stock exchanges. The Sensex put on 24 points to close just short of the magic 7900 mark, while the Nifty closed 10 points higher at 2416. On both the exchanges, the ... More


Promoters, pvt investors in selling mode as stock prices rise
WITH stock prices of several companies at all-time high levels, some promoters and big investors, especially private equity investors, are cashing in by selling their stakes. This trend has increased in the last three months. Disclosures made ... More

MFs find little interest in debt schemes, turn to public provident fund
MUTUAL funds are beginning to feel the heat of high interest rates offered by the provident funds and some of the MFs were already facing negative accretions, especially the debt schemes. Sources said that some of the funds debt schemes were ... More

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Top Stories
Mukesh Ambani group to use RIIL for funding cos

HCL Info, TCS, Infosys emerge top employers: IDC survey

Fixed line telephones, broadband services — Bharti plans Rs 1,500-cr expansion

Shipping lines suspend booking of cargo to US east coast

UTI ULIP's asset base swells

LIC to invest Rs 9,000 crore more in equities this fiscal — No plans for public issue, says Chairman

Large stocks may rein in world cotton prices

Monsoon exits West; fresh southern pulse brewing

`Warning signal' on world economy

In Focus

BHEL Disinvestment
The Yuan Revaluation
Dabhol power regenerated
Tracking the rains
Sethusamudram Canal Project
India Inc's overseas acquisition

In Depth

Gender Justice
Simple Economics
Tax Talk

Looking back
Aug. 21-Aug. 27
`Banking, financial services garner more funds from IPO'

Global MFs' asset remains flat

Bigger companies face bigger fines — SEBI sounds warning on Clause 49

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