The Hindu Business Line : Tuesday, June 06, 2006

OVERSEAS BORROWINGS
Reliance Comm Ventures' GDR/ADR issue okayed
An extraordinary general meeting of Reliance Communication Ventures Ltd has approved the issue of sponsored global depository receipts/American depository receipts of the company for an amount not greater than $1 billion (Rs 4,500 crore). The ... More

MUTUAL FUNDS
Investments in short-term funds propelled growth: Pru ICICI
Infrastructure, Discovery and Services schemes record marked declines More

STOCKS
Varun Shipping plans pvt placement?
Rumours of a private placement have been dogging the counter of Varun Shipping in the recent past. The stock, however, in keeping with the overall bearish trend, ended the day at Rs 79, down 2.41 per cent, on the BSE. As per market buzz, the ... More

Sugar stocks set to ride upswing
Good news awaits the sugar sector. According to industry experts, between now and October next (new crop), sugar prices are likely to see a 10-per cent upside from the current levels of Rs 2,000 a quintal. Sugar sector stocks have witnessed ... More

TECHNICAL ANALYSIS
Bears prevail
Bears prevailed over the Monday's tug of war between bulls and bears. However, sentiment reading of the tradable counters remained bullish. Further bear domination on Tuesday is likely to change the sentiment reading in their favour. On the ... More

STOCK MARKETS
Markets volatile again; Sensex sheds 237
Despite a positive start, sustained selling pressure across the board pushed the benchmark indices into negative territory. The market belied expectations that Friday's optimistic trend would continue. Declines in some of the Asian markets on ... More

New issues peak in Q4
How far are the newly issued shares trading at a discount, compared to their issue price? About 1:2, one may say, because 34 shares are basking in the positive zone, while only 16 are wallowing in the negative, considering the listings during the ... More

INTERVIEW
India still best bet among emerging markets: CLSA
Global liquidity conditions are certainly tightening More

COMMENTARY
Selling pressure in software, cement, steel
More

IPOS
PFC files draft prospectus with SEBI for IPO
Power Finance Corporation (PFC) on Monday filed draft prospectus with SEBI for public offering and divesting five per cent Government stake. PFC is offering an aggregate of up to 154,567,500 equity shares of Rs 10 each for cash at a price to be ... More

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