The Hindu Business Line : Thursday, January 26, 2006

Pref. shares may change banking landscape
THE Left parties' insistence on the Government retaining 51 per cent stake in public sector banks has prepared the ground for the introduction of preference shares as a source of capital for Indian banks. But funds mobilised through preference ... More

FINANCIAL SERVICES

Karvy, IIM-L organise `Go-Trade' contest for B-school students
IT was a `live' tryst with the stock markets for management students across the country. About 110 teams from various management institutes managed live stock portfolios in the `Go-Trade' contest, a part of the recently concluded Manfest, the ... More

NEW FUND OFFER

Tata Mutual launches Tax Advantage Fund
TATA MUTUAL Fund on Tuesday announced the launch of new scheme, Tata Tax Advantage Fund-1, a 10-year close-ended equity-linked savings scheme (ELSS) with a three-year lock-in period. The scheme aims to provide medium- to long-term capital ... More

MUTUAL FUNDS

Federal Bank in tie-up with Kotak Mahindra MF
KOTAK Mahindra Mutual Fund has entered into a strategic tie-up with Federal Bank for distribution of Kotak Mahindra MF schemes. An agreement in this regard has been signed between Mr Sandesh Kirkire, CEO of Kotak Mutual Fund, and Mr M.M. ... More

JP Morgan's India fund in Japan gets good response
JP Morgan Fleming Asset Management (Japan) has elicited enthusiastic response for its first India-dedicated equity fund in the Land of the Rising Sun in its first month of existence. Responding to queries from Business Line, the ... More

STOCKS

APIL shares to be listed on NSE
REAL estate company Ansal Properties and Infrastructure Ltd on Wednesday said it shares would be listed on the National Stock Exchange from January 27. APIL is currently listed on the Bombay Stock Exchange (BSE). Currently, 65 per cent of ... More

TECHNICAL ANALYSIS

Bulls prevail
THE bulls prevailed over Wednesday's trading activity. The sentiment reading of the tradable counters remains bullish. Bear pressure on Friday is likely to change the sentiment reading in their favour. On the contrary, the prevailing bullish ... More

STOCK MARKETS

Sensex tops 9700 points intra-day, closes lower
KEY stock indices crossed all-time high levels on Wednesday, but most of the shares closed lower on BSE as well as on the NSE. Analysts said the markets have entered "nervous territory" on account of the absence of depth. The benchmark ... More

Bharat Gears rises on attractive rights offer
BHARAT Gears Ltd rose on Wednesday after the company filed its rights issue offer document with SEBI. The rights issue is priced very attractively, dealers said. The stock rose 6.28 per cent on BSE to close at Rs 100.65, compared to Tuesday's ... More

COMMENTARY

Good corporate results propel markets
THE appetite of the bulls did not satiate after the near-100 points gain witnessed on Tuesday. It was the day of the bulls on Wednesday also as the Sensex moved to new highs. Markets opened on a strong note and continued their momentum to ... More

IPOS

Power Finance public offer slated for April-June — Merchant bankers to be appointed shortly
POWER Finance Corporation (PFC) on Tuesday said its maiden public offer of 10 per cent fresh equity, along with the sale of the Government's 5 per cent equity in the public sector firm, is likely to take place in the first quarter of the next ... More

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Pref. shares may change banking landscape

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In Focus

Infrastructure woes stare IT sector