The Hindu Business Line : Friday, July 07, 2006

Prajay Engg. converts FCCBs
Prajay Engineers Syndicate Ltd has informed the stock exchanges that the allotment committee of its board of directors has allotted 1,30,426 equity shares of Rs 10 each, fully paid-up at a conversion price of Rs 75 per share to the proposed ... More

TECHNICAL ANALYSIS
Bear domination
Bears Dominated over Thursday's trading activity. The sentiment reading of the tradable counters remains neutral. Bear move on Thursday is likely to change the sentiment reading in to bearish. On the other hand, it is likely to remain ... More

STOCK MARKETS
Tata group companies attract market interest
Investors hope promoters may hike stake in other firms too More

Ranbaxy turns weak on homesick
The family dispute in Ranbaxy family seems to be impacting sentiment in the counter, dealers said. On Thursday, Ranbaxy closed at Rs 354.70, down from previous close of Rs 357.40. Though the dispute has nothing to do with Ranbaxy Laboratories ... More

`Put on hold' puts PSUs in tightspot
Shares of public sector firms Neyveli Lignite Corporation Ltd (NLC) and National Aluminium Company (Nalco) were on the spotlight on Thursday after Government decided to put on hold the disinvestments plans in these companies. NLC was facing ... More

FOREIGN INSTITUTIONAL INVESTORS
Karnataka Bank to up FII limit to 49%
The 82nd annual general meeting of the shareholders of Karnataka Bank Ltd here on Thursday adopted a resolution to increase the foreign institutions investment limit in the bank from the present 24 per cent to 49 per cent. Though a majority of ... More

ASSET MANAGEMENT COMPANIES
Dip in MF assets under management in June
Equity market meltdown, debt market changes lead to Rs 10,000-cr outflow More

INTERVIEW
Shree Cements sales up 63%
Monsoon does not affect us: M.K. Singhi More

COMMENTARY
Mixed global trend pulls down indices
More

IPOS
Tongue-tied
A large real-estate company seems to be anticipating some trouble on the eve of the launch of its mega IPO. The corporate communication agency hired by the company recently sent out letters to media houses saying, first, that it had been retained ... More

RIGHTS ISSUE
LVB proposes bonus shares issue
The Karur-based Lakshmi Vilas Bank (LVB) has decided to issue bonus shares in 1:2 ratio and offer one equity share (of Rs 10 each) for cash at a premium of Rs 40 per share (i.e. at a price of Rs 50 per share) as rights share in ... More

BONUS ANNOUNCEMENTS
Maharaja Shree Umaid Mills to issue bonus shares
Company may consider NSE listing after bonus issue More