MARKETS
FINANCIAL SERVICES
IBA, MasterCard launch Web portal
Customers in need of financial advice can now talk to Mr Mani, the virtual financial wizard on the new Web portal (www. money4you.in) launched by Indian Banks' Association (IBA) in collaboration with MasterCard Worldwide and India Cards ...
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MUTUAL FUNDS
Arihant Housing, JP Morgan Property in tie-up
Plan Rs 400-cr housing project near Chennai
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STOCKS
`Deemed dividend' in capital reduction vs buyback
Colgate-Palmolive India Ltd recently informed the bourses about a `deemed dividend' at Rs 9 per share, apart from a special `70th anniversary dividend of Rs 2 per share'. The deemed dividend is proposed to be through a return of Rs 122.40 crore ...
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IFC picking up 11.48% stake in Granules India for $6 m
Pharma co to use funding for its growth plans
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TECHNICAL ANALYSIS
Volatile movement
Wednesday's trading activity witnessed volatile movement. The sentiment reading of the tradable counters remains bearish. Bull move on Thursday has the potential to change the sentiment reading in their favour. On the contrary, the prevailing ...
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FOREIGN INSTITUTIONAL INVESTORS
BNP arm buys 49.9% stake in Sundaram Home Finance
Union de Credit pour le Batiment SA (UCB) will pay Rs 196.98 crore for a 49.90 per cent stake in Sundaram Home Finance Ltd, a subsidiary of Sundaram Finance Ltd. UCB, a subsidiary of the Paris-headquartered international bank BNP Paribas SA, ...
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IPOS
Fortis closes below offer price on Day 1
Fortis Healthcare Ltd, a Ranbaxy promoter group company, made its debut on Wednesday on the BSE at a discount of 2.86 per cent at Rs 105 against the issue price of Rs 108. The stock reached a high of Rs 109.10 and a low of Rs 97.90 before closing ...
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Oriental Insurance mulling IPO
Oriental Insurance Company Ltd, one of the four public sector non-life insurers, would like to unlock part of its value, courtesy an initial public offering. The company, which has grown substantially in the past few years and hopes to move ...
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