The Hindu Business Line : Friday, September 30, 2005

SBI Caps opens retail broking arms
SBI Capital Markets Ltd today launched retail equity broking services for retail and institutional clients through a new subsidiary, SBI Cap Securities Ltd (SSL). The subsidiary will begin with 12 retail broking centres in six major cities ... More

NSDL's cut in fees takes effect from tomorrow
THE new fee structure mooted by National Securities Depository Ltd (NSDL) will be effective fromOctober 1. It has decided to cut the settlement fee charged to depository participants (DPs) from Rs 8 to Rs 6 per debit instruction. The corporate ... More

INVESTMENTS

Her `share' of success
Cynthia Zacharias, a Kochi-based equity investor, has made it good in the stock market with sound practices of prudence. Her advice to women: Invest in equity; it keeps the mind alert. More

MUTUAL FUNDS

UTI Mastershare to pay 25 per cent
A UTI Mutual Fund press release said here on Thursday that those investors who join under the dividend option of the scheme before October 20 are eligible for the dividend. The NAV under dividend option was Rs 25.32 on September 28, the ... More

STOCKS

SBI seeks stock split in associates
STATE Bank of India (SBI) has approached the Union Government for a stock split in its three associate banks and also to do away with the cap on individual shareholding limits in these banks, Mr A. K. Purwar, Chairman, SBI, said. Currently, ... More

TECHNICAL ANALYSIS

Bull-run arrested
The sentiment reading of the tradable counters stands neutral. Bull domination on Friday is likely to change the sentiment reading in their favour. On the other hand, sentiment reading is likely to turn bearish. More

STOCK MARKETS

Sri Jayalakshmi Spinning hopes on forward integration
THERE is some renewed activity in Sri Jayalakshmi Spinning Mills on the expectation of the company is going in for forward integration in garmenting. Mr Pradeep Kher, Director of the company, confirmed to Business Line that the company ... More

Aksh Optifibre aims 200 pc growth in topline this fiscal
THE Gurgaon-based Aksh Optifibre Ltd has targeted a 200 per cent growth in its topline in 2005-06 to come out of the red. According to Mr Kailash S. Choudhari, Managing Director, the target is achievable because the company has already crossed ... More

FOREIGN INSTITUTIONAL INVESTORS

SEBI-barred IFSL attracted FIIs
SEVERAL FIIs including Citigroup and Merrill Lynch bought shares of IFSL Ltd, against whose promoters SEBI has passed an order on Wednesday. SEBI has barred Sonal Fincap, the promoter of IFSL, and the directors of the company from dealing in ... More

Natco allots shares to Jermyn
HYDERABAD: The committee of Natco Pharma Ltd constituted for the issue of foreign currency convertible bonds (FCCBs) and related matters at its meeting held on Thursday has allotted 72,561 equity shares of Rs 10 each at a conversion price ... More

ASSET MANAGEMENT COMPANIES

Sponsors to pay Rs 1,237 cr to Govt for UTI AMC transfer — Future stake sale only after Govt approval
THE Cabinet Committee on Economic Affairs (CCEA) on Thursday cleared the transfer of UTI Asset Management Company (AMC) to its four sponsors for a consideration of Rs 1,237 crore. The amount is to be split equally between the sponsors - ... More

COMMENTARY

Renewed interest , short covering buoy benchmark
THE upward journey continued on the markets, which ended the day with smart gains. The benchmark Sensex breached the 8700-mark before closing at 8647.1,while the Nifty closed at 8650.2. Renewed buying interest in the index heavyweights along ... More

IPOS

Suzlon public offer subscribed 40 times
MUMBAI: Suzlon's IPO received bids for almost 40 times the issue size with maximum bids being received at upper price band of Rs 510. According to the NSE Web site, it received bids for 116.96 crore shares against the issue size of 2.93 ... More

CARTOON