MARKETS
PRIVATE PLACEMENT
Apollo Tyres QIP closes
Apollo Tyres closed its Qualified Institutional Placement of equity shares on October 18 at an issue price of Rs 310 per equity share. JM Morgan Stanley Private Ltd acted as sole book runner for the issue. ...
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OPEN OFFERS
EDS makes open offer to buy 20% more in MphasiS
Electronic Data Systems Corporation (EDS) on Thursday made an open offer to shareholders of MphasiS BFL Ltd to acquire 20 per cent more stake in the company at Rs 204.5 a share. The open offer is at a marginal discount to the MphasiS' current ...
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NEW FUND OFFER
Franklin Templeton launches capital protection fund
Comes in two different plans; No entry, exit load
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STOCKS
Shree Cements: Riding infrastructure boom
The Shree Cements stock, which dropped by one per cent on the NSE to close at Rs 1,138.20, is being tracked by analysts in the context of what is being seen as the company's aggressive expansion plan. The Bangur group outfit, among the larger ...
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Lanco Global hikes authorised capital
Lanco Global Systems Ltd is set to increase the authorised share capital from Rs 26 crore to Rs 40 crore by the creation of additional equity shares. The company in a statement has informed the BSE that the members at the ...
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TECHNICAL ANALYSIS
Sideways movement
Wednesday's trading activity witnessed sideways movement. The sentiment reading of the tradable counters changed to neutral. Bull move on Thursday is likely to change the sentiment reading to bullish. On the other hand, it is likely to turn ...
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COMMENTARY
Bears resume dominance; market sentiment weak
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IPOS
FIEM debuts at 5.84% premium
FIEM Industries Ltd, dealing with automotive lighting made its debut on the BSE at Rs 145, a premium of 5.84 per cent to the offer price of Rs 137. The stock reached an intra-day high of Rs 148 and closed at Rs 121.75 below its offer price. The ...
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OUTLOOK
Stock markets may light up, post-Diwali
Traditionally strong third quarter to aid rally
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ECONOMIC OFFENCES
The mail-trap
The ingenuity of fraudsters never ceases to amaze. The latest is e-mails that some scribes covering the financial beat have received. The mail is innocuous in nature and, at first glance, one mistakes it as having landed at a wrong address. ...
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INVESTOR PROTECTION
Safety net for IPOs: Merchant bankers see no impact on biz
Most investment bankers associated with banks see the RBI guidelines on safety net for public issues as not of much consequence to their business. A `safety net' implies a commitment to buy shares from the original investors during a ...
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