Financial Daily from THE HINDU group of publications
Wednesday, September 14, 2005
Markets (Sept 13)
BL 2502471.72 (+15.27)
BSE Sensex8193.96 (+55.54)
S&P CNX Nifty2500.35 (+16.20)
US Dollar (Buy/Sell)43.84/43.98
Gold Std (10 gm)6435

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Indus Networks plans $7-m GDR issue
INDUS Networks Ltd has informed the BSE that it has decided to increase the authorised capital and issue Global Depository Receipts (GDRs) worth $7 million. At a meeting held on August 30, the company board passed a resolution to increase the ... More


Pru ICICI plans equity fund
KOLKATA: Prudential ICICI Mutual Fund plans to work out an equity fund that will invest in companies catering to outsourcing requirements, Mr Pankaj Razdan, Managing Director, said on Monday. He was addressing newspersons in connection ... More

Deutsche MF to launch close-ended scheme — Infrastructure fund too on the cards
DEUTSCHE MF has lined up a close-ended balanced scheme with a maturity period of three years and without any guaranteed returns. The proposed Deutsche Stable Growth Fund will offer two classes of units, A and B, each to be listed separately. ... More

Kotak Mahindra Mutual launches open-ended income scheme
KOTAK Mahindra Mutual Fund has launched Kotak Cash Plus, an open-ended income scheme. The new fund offer remains open till September 21, according to a press release from the asset management company. Kotak Cash Plus will invest on the premise ... More

LIC Mutual Fund's fixed maturity plan opens on Sept 16
THE new fund offer of LIC Mutual Funds Fixed Maturity Plans is due to open on September 16. The fund comprises a six-month plan and a one-year plan. This is a close-ended debt scheme with no assured returns, stated a press release. However, ... More


Share prices of State Bank subsidiaries soar — Anticipation of scrapping of share ownership restriction
THE shares of three listed subsidiaries of State Bank of India rose on the Bombay Stock Exchange on Tuesday in anticipation that the Government may remove the restriction on ownership of shares in these banks. At present, a single shareholder ... More


Bulls prevail
THE bulls continued to march ahead during Tuesday's trading. The sentiment reading of the tradable counters continues to remain bullish. However, bear domination on Wednesday has the potential to change the sentiment reading in their favour. ... More


Textile scrips hog limelight, more IPOs to come: CITI chief
TEXTILE companies have begun to draw attention of the stock market. All good textile shares have come to limelight in recent weeks, according to Mr Vinod K. Ladia, Chairman of the Confederation of Indian Textile Industry (CITI), formerly known as ... More

Media stocks gain on CAS hope
THE hearing date in the case over the conditional access system (CAS) in the Delhi High Court has been fixed for September 15. The decision on CAS, pending for months, is expected to generate additional revenue for channel owners. According to ... More


DGH approaches SEBI again for norms in declaring oil finds
The recent communication of the DGH was in response to the SEBI's letter to the Ministry of Petroleum and Natural Gas, asking it to work out a mechanism for companies to announce new discoveries. More


Bankex steals the limelight; mid, small-caps make merry
ON a day when the large-cap-stocks packed Nifty kissed the 2,500-mark, several small-cap and mid-cap stocks cutting across sectors took the centre stage; the likes of Ultramarine Pigments, Man Industries, Maharashtra ... More


Suzlon Energy fixes IPO price band of Rs 425-510
SUZLON Energy has fixed a price band of Rs 425-510 for its forthcoming initial public offering of 2.93 crore shares of Rs 10 each. Based on the price band, Rs 1,245-1,494 crore is proposed to be raised. Of these shares, 2.67 crore equity shares ... More
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