Financial Daily from THE HINDU group of publications
Saturday, August 20, 2005
Markets (August 19)
BL 2502422.76 (-0.29)
BSE Sensex7780.76 (-30.57)
S&P CNX Nifty2383.45 (-5)
US Dollar (Buy/Sell)43.54/43.67

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Spanco Tele board to consider pref issue of warrants/equity shares
THE board of Spanco Telesystems and Solutions will consider preferential issue of warrants/equity shares at their meeting scheduled for next Monday. This is according to what was approved by shareholders at an EGM on August 8, said a notice ... More


BLB Group to expand services
After being an aggressive player in jobbing and arbitrage, the company is now planning to double its daily trading turnover from Rs 1,000-1,200 crore to Rs 2,000-2,200 crore. Speaking to Business Line, Mr B.R. Bagri, Chairman and CEO, ... More

Centrum bullish on capital market; plans more centres
CENTRUM Capital Ltd, a financial services provider, is betting on the buoyancy in the capital market and plans to expand its centres from the current 36 to 65 within the next 10 months. Inaugurating its 36th centre CentrumDirect in Hyderabad, ... More

NSDL eyes record-keeping agency role for pensions
NATIONAL Securities Depository Ltd (NSDL) has scaled up its efforts to emerge as the record-keeping agency for the newly formed pensions authority. The NSDL move may be seen in the backdrop of some of the latest developments on the pensions ... More


IOB sees Rs 70-cr fee-based income — Ties up with Chola MF
INDIAN Overseas Bank (IOB) expects to earn about Rs 60 crore-70 crore of fee-based income this year, the bank's Chairman and Managing Director, Mr T.S. Narayanasami, told journalists on Friday. Last year's figures were not readily available, ... More

Chola Mutual bets on region-specific approach
Cholamandalam's proposed strategic alliance with the DBS Bank of Singapore is also expected to help expansion plans. More


Reliance Energy allots shares for issue of GDRs
RELIANCE Energy Ltd's committee of directors on Friday allotted 22,86,224 equity shares for issuance of 7,62,075 global depository receipts (GDRs). This arose out of the conversion of foreign currency convertible bonds issued by the company on ... More


Narrow movement
MARKET witnessed range-bound movement during Friday's market activity. However, neither side could capitalise on the day's movement. The Friday's market movement resulted in the sentiment reading turning neutral. Bear pressure on Monday is likely ... More


Patel On-Board: Merger talk drives them
RUMOURS are on the move that Patel On-Board, which is in courier service business, is being proposed to be merged with its group company Patel Roadways. There is no word from both the listed companies yet. According to market sources, both ... More


IT mid-cap: When FIIs smell the money...
WHEN a deal is round the corner, bet on institutional investors to smell the money. A study by Business Line of M&A (merger and acquisition) activity in mid-cap software companies shows that select FIIs (foreign institutional ... More


Small cap stocks shine on day of negative sentiment
CONCERNS on rising crude prices and falling Asian markets appear to have caused the negative sentiment that took control of the markets in the later part of the day. The negative sentiment was subdued with a majority of the sector-oriented ... More


BSE Ltd may rope in strategic investors, weighs IPO option
THE Bombay Stock Exchange (BSE), Asia's oldest stock exchange, today transformed itself into a corporate entity from a being a brokers' association. In its new avatar, BSE Ltd has plans to bring aboard strategic investors and possibly go in for ... More

Neelachal Ispat plans IPO to fund Rs 800-cr expansion
NEELACHAL Ispat Nigam Ltd (NINL) is planning an IPO to finance its Rs 800-crore expansion plan. While the size of the IPO is yet to be finalised, MMTC sources said that the company was planning to raise Rs 250 crore equity capital. The issue ... More

ABG Shipyard files prospectus for IPO
ABG Shipyard has filed a draft red herring prospectus with SEBI to enter the capital market with an IPO. The company proposes to issue 85 lakh equity shares of Rs 10 each for cash at a premium to be decided through the book building process. Of ... More


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Top Stories
Economy can absorb petro-price shock

Neelachal Ispat plans IPO to fund Rs 800-cr expansion

HDFC plans listing of BPO venture

`More overseas acquisitions by domestic cos in July'

Rubber may dip further as tapping peaks

Qatar keen to supply 1.25 mt more LNG for short term

`Electrical industry posts healthy growth in first quarter'

In Focus

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

In Depth

Gender Justice
Simple Economics
Tax Talk

Looking back
Aug. 7-Aug. 13
Positive stretch likely to continue

Gems and jewellery sector favourite with FIIs: study

Hotel stocks attract interest

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