MARKETS
MUTUAL FUNDS
Bharti teams up with AXA for life insurance foray
Mutual fund, non-life venture likely in the near future
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STOCKS
Hindustan Lever de-lists from RSEs
Hindustan Lever Ltd has informed the BSE that its securities have been voluntarily de-listed from Bangalore Stock Exchange, Ahmedabad Stock Exchange, Delhi Stock Exchange, Madras Stock Exchange, GauhatiStock Exchange, Calcutta Stock Exchange and ...
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Indus Fila plans to expand
Textile manufacturer Indus Fila Ltd plans to invest Rs 166.24 crore in increasing its capacities in weaving, yarn dyeing, processing and garmenting and setting up `centres of excellence'. To part finance this expansion project, ...
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SAT reprieve for Heidelberg open offer
Heidelberg Cement on Wednesday got a temporary reprieve with the Securities Appellate Tribunal (SAT) allowing the German company to go ahead with its open offer to shareholders of Mysore Cements, pending a final order. SAT has, however, said ...
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Sical Logistics to raise $50 m
Sical Logistics Ltd on Tuesday told the National Stock Exchange that its Board of Directors had decided to issue equity shares to qualified institutional bidders for $50 million (Rs 225 crore). The company will hold a meeting of shareholdes on ...
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TECHNICAL ANALYSIS
Momentum indicators signal a medium-term downtrend
Technical view on Sensex and Nifty
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Bull domination
Bulls dominated Wednesday's trading activity. However, the sentiment reading of the tradable counters remains bearish. Bull move on Thursday is likely to change the sentiment reading in their favour. On the contrary, the prevailing bearish ...
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CREDIT RATING
S&P moots under-weighting of Indian markets in 2007
Global credit rating agency Standard & Poor's in its "Asia-Pacific Markets Outlook 2007" report has recommended "under-weighting Indian and Japanese equity markets and over-weighting South Korea, Taiwan and China in 2007." Further, the agency ..
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STOCK MARKETS
Sensex up 186 on back of strong fund buying
Markets staged a recovery today across sectors, amid heavy volatility, on strong fund buying by domestic institutions and renewed interest in the futures markets. Markets made a technical bounce-back following the drop of almost 1,000 points in ...
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HUMAN RESOURCES
ISE sets up training institute
To solve the demand-supply mismatch for trained people in the capital markets and financial services sector, Inter-connected Stock Exchange of India (ISE) today announced the setting up of a training institute in Hyderabad. Alongside, ISE ...
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FOREIGN INSTITUTIONAL INVESTORS
FII investment in Allahabad Bank
The Reserve Bank of India today in a press release said that investment by FIIs, NRIs and Persons of Indian Origin in Allahabad Bank has reached the limit of 18 per cent of its paid up capital. No further purchases of equity ...
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COMMENTARY
Markets bounce back; bank stocks gain
Markets witnessed yet another volatile trading session. Throughout the day the markets swung like a pendulum. Heavy selling in the past three-trading sessions, wiped off close to 975 points. The news on the US Fed rate and value buying at ...
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IPOS
Power Finance files for IPO
Power Finance Corporation Ltd has filed the draft red herring prospectus with the Securities and Exchange Board of India for its proposed initial public offering of shares. The issue size is 117,316,700 equity shares of Rs 10 each for cash at a ...
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VENTURE CAPITAL
Private equity investments soar: PwC
With all the growth indicators positive, the country saw private equity investments more than double this year. The total investments by private equity players have soared to $5.4 billion in the first nine months of 2006 against $2.2 billion ...
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INVESTOR PROTECTION
A plea for a better deal for investors
How about calling upon corporates to pay user charges for the capital they have mobilised?
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