Financial Daily from THE HINDU group of publications
Saturday, September 10, 2005
Markets (Sept 9)
BL 2502426.48 (+1.77)
BSE Sensex8060.01 (+7.45)
S&P CNX Nifty2455.45 (+1)
US Dollar (Buy/Sell)43.85/43.98
Gold Std (10 gm)6400 (+20)

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ING Vysya MF launches new scheme
ING Vysya Mutual Fund has announced a new scheme, `The ING Vysya Dividend Yield Fund'. The investment option for the scheme would be an open-ended equity scheme starting with a minimum of Rs 5,000 and in multiples of Re 1. The fund opens on ... More

`SEBI willing to regulate distributors of mutual funds'
THE Securities and Exchange Board of India is willing to assume the responsibility of regulating distributors of mutual funds, if circumstances call for such a move in future. These distributors now have to adhere to only standards set by the ... More

Pru ICICI MF to tie up with UCO Bank
Pru ICICI, whose asset base crossed the Rs 21,000-crore mark recently, plans to tap the bank's network to cater to new clients. UCO Bank, based in Kolkata, has a strong presence in the East, which is being increasingly billed as a growing ... More

Real Estate Opportunities Fund gets first tranche
THE first tranche of the Rs 500-crore Real Estate Opportunities Fund, which has been co-promoted by the Anand Rathi group, has closed with commitments from investors who were required to put in a minimum of Rs 2 crore. Talks with prospective ... More

UTI AMC awaits SEBI nod to launch gold exchange fund
THE UTI Asset Management Company (UTI AMC) is eyeing the launch of Gold Exchange Fund, once the SEBI guidelines are announced. The total assets under the management of UTI MF have crossed Rs 25,000-crore on August 31. Speaking to newspersons ... More


Manali Petrochemicals to reduce share capital
MANALI Petrochemicals Ltd, in which SPIC (Southern Petrochemical Industries Corporation Ltd) has a 38 per cent holding, plans to reduce its share capital and also write-off a portion of its share premium account to completely wipe out its ... More

Ranbaxy to raise $1.5 b, list on US bourses
PHARMACEUTICAL companies are building war chests to fund their growth plans. The board of Ranbaxy Laboratories Ltd today gave a blanket approval for raising resources up to $1.5 billion through appropriate securities such as foreign currency ... More

Beeyu Overseas facing takeover threat?
WITH increasing volume of shares being traded in the Bombay Stock Exchange (BSE) in recent times, there are conflicting claims about hostile interest in the stock of city-based tea manufacturer Beeyu Overseas Ltd. Mr S.K. Khetan, a high net ... More

Sasken lists at 54% premium on BSE
THE shares of Sasken Communication Technologies Ltd made a debut listing on Friday on the Bombay Stock Exchange at Rs 400 a share, a 54 per cent premium to its initial public offer price of Rs 260 a share. Sasken shares closed the day at Rs ... More


Bull-run arrested
BEARS were successful on Friday in restricting the bulls from making further gains. Neither bulls nor the bears could gain much from the day's trading. The sentiment reading of the tradable counters remains bullish. Bear domination on Monday is ... More


BSE shortlists 10 investment bankers for divestment
THE Bombay Stock Exchange, which is set on the road towards corporatisation, has shortlisted 10 investment bankers to facilitate its divestment process. The BSE, 49 per cent of which will now be owned by brokers, is looking for sound advice ... More


Stocks: `Have moderate expectations for medium-term'
THE behaviour of share prices has been so volatile in recent weeks that market mavens have become uncharacteristically ambivalent in making a call about the future direction. According to Mr Prashant Jain, CIO of HDFC Asset Management Co Ltd, ... More

Bajaj Auto up on expansion plans
THE auto pack has been a favourite of the bourses during this week and leading them is Bajaj Auto. The stock touched its 52-week high of Rs 1,569.80 on Friday. Dealers say the company's expansion plans are driving the interest in the stock. ... More


SAT sets aside SEBI order in UBS Sec case — `No violation of FII regulations'
THE Securities Appellate Tribunal (SAT) today set aside the SEBI order of May 17, 2005 debarring UBS Securities Asia from issuing participatory notes for one year. The two-member tribunal comprising Mr C. Bhattacharya and Mr R.N. Bhardwaj, ... More


Small, mid-cap stocks suffer most
AFTER a sharp rally on Thursday, it was a lacklustre day for the markets, which ended on a flat note. The benchmark Sensex closed the day with a gain of seven points at 8060,while the broader Nifty closed at 2455.5, marginally above its previous ... More


GIPCL plans Rs 275-crore public issue by month-end
GUJARAT Industries Power Company Ltd (GIPCL) plans to go for a public issue by the month-end to raise Rs 275 crore. "We are waiting for a final clearance from the Securities and Exchange Board of India. We hope to get the green signal in the ... More


Aastha, 39 other entities barred from trading
AASTHA Broadcasting Network Ltd and 39 other entities have been debarred by SEBI from dealing in securities and accessing the capital market till January 14, 2007. These entities were associated with the irregular preferential allotment of ... More


"A double promotion, that's all?! When you said it's a good news for me, I thought the Sensex crossed 8500!"


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Top Stories
Cyclonic circulation behind Mumbai downpour

`SEBI willing to regulate distributors of mutual funds'

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Aztec shortlists acquisition targets

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In Focus

BHEL Disinvestment
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India Inc's overseas acquisition

In Depth

Gender Justice
Simple Economics
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Looking back
Aug. 28-Sep. 3
MFs keep away from oil stocks

Net trading still on low key at stock exchanges

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

UTI ULIP's asset base swells

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