Financial Daily from THE HINDU group of publications
Friday, November 18, 2005
Markets (November 17 at 15.30 IST)
BSE Sensex8649.52 (+53.60)
S&P CNX Nifty2603.95 (+21.20)
US Dollar (Buy/Sell)45.73/45.86



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Finance Ministry eases ADR, GDR pricing norms
COMPANIES going in for domestic offering of shares and a simultaneous or follow-on offering in the ADR/GDR would be exempt from the pricing guidelines for overseas offerings , provided the ADR/GDRs are priced at or above the domestic offer price. ... More


Bullish on equity
Investors should bet on a company like Tata Steel, which in FY02 earned just about Rs 200 crore, and now earns Rs 1,000 crore every quarter. More


IL&FS closes Leverage India Fund at $153 m
IL&FS Investment Managers Ltd (IIML) has announced the final close of its Leverage India Fund (LIF) at $153 million, as against an initial targeted close of $120 million. Sponsored by IL&FS, the fund was also co-sponsored by Punjab National B More


Govt revives move to divest 15% stake in SCI — Stock to be split into two; employees to be offered shares
THE Government has decided to revive the public sector disinvestment process by diluting its stake by 15 per cent in Shipping Corporation of India (SCI), a profit-making `mini-ratna' company. At present, the Government holds 80.12 per cent ... More

SCI employees to seek shares at a discount
EMPLOYEES of Shipping Corporation will seek allotment of shares at a discounted price, when the company goes for its second round of sale of shares to public. If this is not granted by the Government, the officers will oppose the ... More


Bulls prevail
THE sentiment reading of the tradable counters continued to remain bullish. Bear domination on Friday is likely to change the sentiment reading in their favour. On the contrary, the prevailing bullish sentiment is likely to be further ... More


CSE to forward HC order on SEBI scheme to members
SEBI has directed the Calcutta Stock Exchange to bring the contents of a recent Ahmedabad High Court order to the notice of its members. The exchange has informed members that the regulator has forwarded a court order pertaining to Ramesh ... More


Fidelity active buyer in several mid-cap, small cos
FIDELITY International, a global fund house, along with its various associates, has turned aggressive buyer in Indian mid-cap and small-cap stocks over the last few months. Fidelity has bought more than one per cent stake in over 30 mid-cap and ... More

Riddhi Siddhi buoyed by fresh investment talk
THE rumours that the promoters of Riddhi Siddhi Gluco Biol are pumping in a substantial amount of money to fund its major capacity expansion plans, value-addition and new products were doing the rounds on the Dalal Street. The stock has moved ... More


`Triveni Engg will not opt for negative consent route again'
STUNG by complaints against an earlier scheme that converted equity shares into preference `by negative consent mechanism', the Chairman and Managing Director of Triveni Engineering & Industries Ltd, Mr Dhruv Sawhney, said he had told the Bombay More


Frontline stocks save the day
EARLY in the session on Thursday, the markets appeared to be depressed followed by a bout of caution. A bomb scare early in the day appears to have caused the cautious sentiment. Towards close the bulls swayed the markets in their favour with ... More


Lord Krishna Bank IPO next fiscal
IN order to take care of its incremental business and increase its capital base and net worth, Lord Krishna Bank is planning an IPO next financial year. The move comes in the wake of an absence of a consensus on valuations and calling off its ... More


UBS maintains Sensex 2006-end target of 8700
THE Director of UBS Investment Research, Mr Manishi Raychaudhuri, believes that there is not much upside for broader markets in the near-term. According to him, UBS maintains its 2005 year-end Sensex target of 7300 and its 2006 year-end target ... More
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