The Hindu Business Line : Tuesday, August 08, 2006

FINANCIAL SERVICES
Trading call
PAY IN & PAY OUT: Mr E. Prasanth Prabhakaran, Senior Vice-President & Head, Kotaksecurities.com, Kotak Securities Ltd, and Mr Narayan S.A, Managing Director, at a press conference in Mumbai on Monday. ... More

MUTUAL FUNDS
UTI MF, Japanese bank in pact for $300-m fund
Eyes more such joint initiatives with overseas entities More

STOCKS
Sugar stocks up on hopes of ethanol pricing issue
Oil companies and the sugar industry have been at loggerheads More

Rayalaseema to issue new shares
Sree Rayalaseema Hi-Strength Hypo Ltd has informed the stock exchanges that its board of directors at a meeting on July 25 has fixed August 25 as record date to determine the eligibility of shareholders to receive new equity ... More

Kirloskar Oil betting on demands
The Kirloskar Oil Engines stock closed 2.4 per cent higher at Rs 189.95 on the BSE. The company, point out brokers, is a market leader in the non-automotive engines segment which is growing at about 17-18 per cent in the last two years. The ... More

Riding on commercial vehicles
Analysts have noted the strong growth recorded in the commercial vehicles segment in July even as market leader Tata Motors posted a 50 per cent-plus year-on-year increase in sales. Domestic passenger vehicles, including utility vehicles, ... More

TECHNICAL ANALYSIS
Bears prevail
Bears prevailed over Monday's trading activity. The sentiment reading of the tradable counters changed to bearish. Bull move on Tuesday is likely to change the sentiment reading in its favour. On the contrary, bear move on Tuesday is likely ... More

INTERVIEW
Liquidity story for emerging markets over: Deutsche Bank
Mr Michael Spencer, Chief Economist for Asia at Deutsche Bank expects the Fed to hike rates on Tuesday; but he expects this to be the last one. He expects a relatively dovish statement from the US Fed, and also says that the Fed may cut rates by ... More

COMMENTARY
Markets remain choppy ahead of US Fed meet
More

IPOS
Tech Mahindra fixes issue price at Rs 365
Tech Mahindra Ltd has fixed the issue price for its initial public offering (IPO) at Rs 365 at the top end of the price band, said Mr Vineet Nayyar, its Vice-Chairman and Managing Director at the sidelines of a press conference. "The issue ... More

GMR sets IPO price at Rs 210/share
GMR Infrastructure has fixed its initial public offer (IPO) price at Rs 210 per share. The company is entering the capital market with a public issue of 3.81 crore equity shares of Rs 10 each, with the price band fixed earlier at Rs 210 to Rs ... More

ICRA plans listing of shares
ICRA Ltd, the second largest credit rating agency in the country, will be listing its shares in the stock exchanges. The company is making an offer for sale of 25.81 lakh shares, held by three institutions - State Bank of India, IFCI and ... More

BONUS ANNOUNCEMENTS
Bhagyanagar Metals to offer 1:1 bonus
Bhagyanagar Metals Ltd has approved the proposal for issue of bonus shares in the ratio of 1:1. At the company annual general meeting held here on Monday, members have also cleared the proposal for changing the name to ... More

NEW PRODUCTS & SERVICES
Kotak offers flat fee model for share deals
Kotak Securities is offering investors the privilege of a flat fee for shares purchased by them, the company said here on Monday. Labelled `Kotak Flat', the fixed fee-based brokerage model is offered for its Internet-based traders and customers. ... More