The Hindu Business Line : Saturday, October 29, 2005

Indiabulls plans to buy back shares
INDIABULLS Financial Services said it is planning to buy-back its shares up to 10 per cent of paid-capital. A board meeting will be held on November 3 to pass a resolution approving buy back of shares, the company said in a notice to stock ... More

MUTUAL FUNDS

Birla MF begins integrating Alliance investors with its own
BIRLA Mutual Fund has started to integrate investors of the erstwhile Alliance Capital with its own. The fund house has written to each investor along with account statements and addenda to offer documents of the Alliance schemes. The ... More

Ranawade joins ING
KOLKATA: Mr Ashish Ranawade, who was head of UTI Mutual Fund's portfolio management division, has joined ING Investment Management as Head - Portfolio Management. Mr Ranawade, a press release issued by ING Vysya MF has stated, was earlier ... More

TECHNICAL ANALYSIS

Bear domination
BEARS dominate over Friday's trading activity. The sentiment reading of the tradable counters remains bearish. Bull domination on Monday is likely to change the sentiment reading in their favour. On the contrary, the prevailing bearish sentiment ... More

STOCK MARKETS

Q2 nos dampen sentiment
LUMAX Industries, an automotive component company manufacturing lamps, was down sharply for the second day in a row. It closed 6.89 per cent down at Rs 98 on the BSE with volumes of 23,382 shares and on the NSE, it closed at Rs 104.75, down 4.87 ... More

Sensex sheds 113
STOCK prices continued to reel under bearish sentiment with BSE Sensex moving down by another 100 points on Friday even as mutual funds continue to remain net buyers this month. However, FIIs are net sellers this month. Mixed corporate results ... More

INVESTOR GRIEVANCES

Malanpur Steel tops CSE list of cos with pending investor complaints
MALANPUR Steel Ltd tops the list of companies, released by Calcutta Stock Exchange, against which the maximum investor complaints are pending for resolution. Malanpur Steel, with 92 compliants, is followed by IFB Financial and Dunlop India, ... More

COMMENTARY

End of another traumatic week
EQUITIES took a pounding and ended a week that has been one of the more traumatic one in several months. As FIIs continued to take profits and profit booking remained rampant, stocks cutting across a wide swathe ended the day deep in the red. ... More

IPOS

M&M Financial plans IPO through book-building route
MAHINDRA & Mahindra Financial Services Ltd (MMFSL) informed the BSE that it would be coming out with an IPO, a combination of fresh equity issue and dilution by existing shareholders, at a price to be determined through the book-building ... More

INVESTOR PROTECTION

NIF seeks provision to buy out promoters
NATIONAL Investors Foundation (NIF) has urged the Securities and Exchange Board of India (SEBI) to make provision for buying out promoters, in case the company in question opts for delisting. In a formal presentation to the market regulator, ... More

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