The Hindu Business Line : Friday, December 02, 2005

JRG Securities opens branch at Thrissur
Tie-up:Windshield Experts, dealers in glass repair and replacement, has announced a tie-up with Cholamandalam and ICICI Lombard for automotive glass claims. Windshield Experts would extend its services to the policyholders of Cholamandalam ... More

MUTUAL FUNDS

Birla Mutual proposes to launch NRI Fund
The proposed Birla NRI Fund will try to provide a balance of income and growth by investing chiefly in debt instruments, while a small portion will be allocated to equities. Its NAV will be announced every week. The fund will provide for ... More

TECHNICAL ANALYSIS

Bull domination
THE sentiment reading of the tradable counters remains bearish. Bull domination on Friday is likely to change the sentiment reading in their favour. On the contrary, the sentiment reading will be further strengthened with additional counters. ... More

STOCK MARKETS

LKP Merchant Finance up on FII buying hopes
LKP Merchant Finance is steadily moving on expectation of strategic stake sale in the company at a premium over the current market price. Mr Maheshbhai Doshi, Promoter and Chairman of the company, told Business Line that the company was ... More

Firm price, higher dispatches push cement stocks up
THE cement stocks are moving up on hopes of higher sales figures for November, which is expected shortly. According to industry sources, both volumes and prices have firmed up during the past month. In the western region, the price rise was ... More

FOREIGN INSTITUTIONAL INVESTORS

Stocks recover smartly on renewed FII support
STOCK prices made a smart recovery on Thursday on renewed buying by domestic and foreign investors on the back of better-than-expected economic growth figures. The benchmark BSE-30 index jumped by 155.97 points (1.77 per cent) to close at ... More

Merrill Lynch ups stake in Infotech
HYDERABAD: Citibank N.A. has informed the National Stock Exchange that Merrill Lynch Capital Market Espana has acquired 17,000 shares aggregating to 0.11 per cent of the total paid-up capital of Infotech Enterprises Ltd on November 28 from ... More

COMMENTARY

Institutional buying support helps Sensex rebound
THE key stock market indices opened the week with a gain of over one percentage point, but went on to record a decline of over two percentage points during the next two sessions on Tuesday and Wednesday. Just when Wednesday's session was ... More

IPOS

Dainik Jagran publisher files for IPO with SEBI
JAGRAN Prakashan Ltd, publisher Dainik Jagran, has filed draft red herring prospectus with the Securities and Exchange Board of India for a public issue of up to 1.14 crore shares of Rs 10 each. The issue consists of a fresh issue of ... More

Educomp plans IPO to fund overseas expansion
ONLINE education company Educomp Solutions Ltd today said it would enter the capital markets to raise Rs 50 crore through an initial public offering to fund its global expansion programme. The company is planning to expand its operations to the ... More

PUBLIC OFFER

ICICI Bank public issue gets 55% subscription on first day
ICICI Bank's domestic offering of Rs 5,750 crore was subscribed to the extent of 54.73 per cent at the end of the first day of the issue. Bids were offered at a price of Rs 525, Rs 530 and Rs 545. The bank had a price band of Rs 505-545 a share ... More

Andhra Bank files prospectus with SEBI for public issue
ANDHRA Bank has announced that it has filed the draft red herring prospectus with the Securities and Exchange Board of India for its follow-on public issue of 8.5-crore equity shares of Rs 10 each at a premium to be decided through book build ... More

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