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Friday, March 04, 2005

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ESOPS


Lupin offers ESOP package to managerial staff
IN a bid to hold on to talented employees and get them to partner the company's vision of clocking $1 billion by 2009, Lupin Ltd has introduced an ESOP package covering about 30 per cent of its managerial staff. "The company is in a growth ... More

MUTUAL FUNDS


Canbank MF to pay 25% in Tax Saver
CANBANK Mutual Fund has declared dividend of 25 per cent in the Canequity Tax Saver scheme. A press release by Canbank Mutual Fund said here on Thursday that this income distribution is tax free in the hands of the investors. It added that ... More

STOCKS


IDBI acquires 11.29 pc stake in Oil Country
INDUSTRIAL Development Bank of India (IDBI) has acquired 50-lakh equity shares of Oil Country Tubular Ltd (OCTL), amounting to 11.29 per cent holding. Informing this to the stock exchanges on Thursday, OCTL said the acquisition was done on ... More

TECHNICAL ANALYSIS


Bull domination
BULLS were in total command of Thursday's trading activity. Their dominance left the bears stranded. The sentiment reading of the tradable counters stands strongly bullish with no downtrend counters. Bear domination on Friday is likely to ... More

STOCK MARKETS


Sensex hits all-time high — 1,771 stocks gain, 651 decline on BSE
STOCK prices zoomed on Thursday on the back of the Finance Minster's reassurance regarding certain Budget proposals, taking the major indices to all-time high. Active buying by local mutual funds also buoyed the market sentiment. The rally was ... More

What they say...
Ms Deena Mehta, Managing Director, Asit C Mehta Investment Intermediates: "Rosy picture of the economy painted by the Budget seems to have attracted the investors. They are buying the good economy story." Mr Anup Bagchi, CEO, ICICI ... More

Indsil Electro gains on strong fundamentals
THE counter of smelting company Indsil Electro Smelts is on the buy list of select market players. Dealers said the buying in the counter is on account of strong financial performance of the company in the current fiscal. It has reported net ... More

Drilling stocks new finds on Dalal Street
THE drilling/exploration support service stocks are new finds on the Dalal Street. As the activity in the domestic exploration and drilling in on-shore and off-shore for gas/oil is poised to take off to greater heights in the coming years, a ... More

DERIVATIVES MARKETS


Short-term swing likely in Bajaj Auto, ICICI Bank
THE following strategies are based on Thursday's trading in the spot and the derivatives segments on the NSE. These strategies are structured to take advantage of short price swings in the underlying. Setting up such positions is, therefore, ... More

COMMENTARY


All-round buying lifts market to new high
Investors appeared to be more than satisfied with the Budget. The Finance Minister's clarification on the `fringe benefit tax' and `banking transaction tax' appears to have done the trick. Key stocks, both new and old economy, posted smart ... More

PUBLIC OFFER


PNB sets price band at Rs 350-390 — Minimum application size 15 shares
THE price band for the follow-on public offer by Punjab National Bank (PNB) has been fixed from Rs 350 to Rs 390 per equity share of the face value of Rs 10. The issue would be open for subscription from March 7. At the lower end of the price ... More

ECONOMIC OFFENCES


Dealings in Bombay Dyeing shares — SEBI bans Dinesh K.Singhania from market for one year
SEBI has ordered Mr Dinesh Kumar Singhania, member of the Calcutta Stock Exchange (CSE), to dissociate from the capital market and not deal in securities in any manner for one year. The order is in the context of acquisition of shares of Bombay ... More
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Top Stories
TN trade, industry bodies want quick shift to VAT


TN zone export units' turnover to cross Rs 5,000 cr

The logic of tax on fringe benefits, savings

BILT turnover may cross Rs 3,000 cr in 2 years

Indian Express buys 10 pc stake in Mid-Day

Online ad market to touch Rs 100 cr

Service tax exemption on forex payments to go

In Focus

BHEL Disinvestment
The Yuan Revaluation
Dabhol power regenerated
Tracking the rains
Sethusamudram Canal Project
India Inc's overseas acquisition
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In Depth

Gender Justice
Simple Economics
Tax Talk
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Looking back
Feb. 20-Feb. 26
How about the idea of a fixed-maturity equity fund?

As Budget day nears — It's cautious optimism on Dalal Street

Auditors of vanishing cos come under MCA lens

UB to woo LIC, UTI to participate in open offer

Leather stocks shine on FDI hopes


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