The Hindu Business Line : Thursday, November 10, 2005

No transaction costs for shifting DP accounts
AN investor in the share market with demat account with one depository participant (DP) and wishing to shift the account to another DP will soon be able to do so without paying any transaction fee. The Securities and Exchange Board of India ... More

MUTUAL FUNDS

Large-scale buying in Indian companies by mutual funds
THE asset management space is agog at this moment, thanks to large deals by fund houses involving a number of companies. Apollo Tyres, Phoenix Lamps, Jindal Saw and UTI Bank are among the companies whose shares have lately been accumulated by ... More

UTI Master Plus to pay 50%
UTI Master Plus Unit Scheme has declared tax-free dividend of 50 per cent. The record date is November 28. A press release by the UTI Mutual Fund said here on Wednesday that all unit-holders registered under the dividend option of UTI Master ... More

Mutual benefit
Mr Sandesh Kirkire (left), CEO, Kotak Mahindra Asset Management Company, and Mr T.S. Narayanasami, CMD, Indian Overseas Bank, at the signing of an agreement in Chennai. IOB will distribute Kotak Mahindra mutual fund products through its 1,503 ... More

STOCKS

McLeod Russel, Williamson Tea merger swap at 3:1
THE B.M. Khaitan Group has finalised the swap ratio for the merger of Williamson Tea Assam Ltd (WTA) into McLeod Russel India Ltd (MRIL). After two consecutive board meetings on Wednesday, the group announced that three new shares of MRIL of ... More

Morgan Stanley picks stake in Pantaloon Retail
PANTALOON Retail wore a new valuation today on fresh buying by Morgan Stanley family. The stock finished at Rs 1,833.25, after touching day's high Rs 1,995. On account of Morgan Stanley Dean Witter Mauritius, Morgan Stanley & Co International ... More

Azim Premji buys 4 pc in Himatsingka Seide
KOLKATA: Promoter of Wipro, Mr Azim Premji, has picked up 4 per cent stake in Himatsingka Seide. Today, he bought 8 lakh shares of Himatsingka from Arisaig Partners Asia Pte at Rs 136 a share. Arisaig has sold out its entire holding in ... More

TECHNICAL ANALYSIS

Volatile movement
THE sentiment reading of the tradable counters continued to remain bullish despite volatile movement during Wednesday's trading activity. Bear domination on Thursday is likely to change the sentiment reading in their favour. On the contrary, ... More

STOCK MARKETS

MTNL up on merger hopes
MAHANAGAR Telephone Nigam Ltd (MTNL) on Wednesday closed with a gain in a volatile market as certain players are understood to have betted on its prospects of being merged with Bharat Sanchar Nigam Ltd - the unlisted and the national telecom ... More

COMMENTARY

Benchmarks surrender initial gains on volatile day
ON Wednesday, the markets opened with a bang, across the board gains were recorded in the initial hour. The bulls, however, failed to keep their foot on the gas pedal as most of the indices lost steam in the subsequent hour. Post lunch, the ... More

IPOS

ABG Shipyard fixes IPO price at Rs 155-185
ABG Shipyard's initial public offering (IPO) of 85 lakh equity shares has been priced Rs 155-185 per share. If fully subscribed, it hopes to raise Rs 132-157 crore. The issue opens on November 18 and closes on November 24. The company has ... More

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Oil, inflation and interest rates

Centre allows 49 pc FDI in ARCs — To help clean up bad assets in banks

No transaction costs for shifting DP accounts

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Uniform call rates across country from January: Maran

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