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SC upholds SEBI decision on Colour Chem takeover
THE Supreme Court has pronounced its verdict on the Colour Chem case pertaining to an open offer for 20 per cent to minority shareholders by the company's overseas parent under the takeover rules. The apex court upheld the SEBI order on the ...
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STOCKS
Shirdi Sai Trust gets 6.13 pc stake in Hughes Software
IF equity can be the best mode of investment, why not it be the best form of donation to God? That seems to be the view of Mr K.V. Ramani, Chairman of the Chennai-based Future Software. Mr Ramani has donated equity shares worth over Rs 100 ...
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GTB shares trading to be suspended from tomorrow
MUMBAI: Trading in the shares of Global Trust Bank (GTB) would be suspended from August 27, following the merger of the bank with Oriental Bank of Commerce, the Securities and Exchange Board of India (SEBI) said. The last day of trading ...
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TECHNICAL ANALYSIS
Sideways movement
WEDNESDAY'S trading activity witnessed sideways movement. The sentiment reading of the tradable counters stands slightly bearish. Bull domination on Thursday is likely to change the sentiment reading to bullish. Otherwise, the prevailing bearish ...
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STOCK MARKETS
Power Trading Corp gains ground on fund buying
THE stock of Power Trading Corporation Ltd (PTC) has been gaining ground on the bourses in the recent past. The counter has been witnessing sustained FII buying. According to the market grapevine, a large FII picked up a large quantum of ...
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Surana Telecom gains on biz plans
THE counter of Surana Telecom gained on Wednesday. Stock price of the company was up 7.22 per cent at Rs 25.25 on the BSE with volumes of 14,769 shares. On the NSE, it was up 5.65 per cent at Rs 25.25 with volume of 27,436 shares. Dealers said ...
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DERIVATIVES MARKETS
Dr Reddy's Labs: Outlook positive, buy Sept futures
THE following strategies are based on Wednesday's trading in the spot and the derivatives segment on the NSE: Tata Steel: The stock closed at Rs 248 in the spot market. The outlook appears negative. The downside price target is Rs ...
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REGULATORY BODIES & RULINGS
Primary dealers must hold equity in demat: RBI
PRIMARY dealers in Government securities should hold all their equity investments only in the dematerialised form by the end of December 2004, said a RBI release. The RBI decided this in consultation with SEBI and advised primary dealers to ...
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COMMENTARY
Modest TCS listing hits sentiment
EVEN as the oil prices showed signs of easing, the markets responded on a cautious note, with the Sensex staging a late recovery to settle higher by 21.17 points (or 0.42 per cent) and closing at 5088.56 points. The Sensex opened for the day ...
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IPOS
TCS shares close at 16% premium on debut
TATA Consultancy Services made its debut on the two premier stock exchanges on Wednesday, closing around 16 per cent higher than the issue price of Rs 850 per share discovered through book building on a price range of Rs 775 to Rs 900 per ...
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Hiccups in TCS allotments
THERE was a hiccup of sorts to the TCS IPO when it was discovered that shares had not been credited to around 25,000 applicants. Conceding that this indeed was the case, Mr C. Parthasarthy, Chairman of Karvy Computer Share (Registrars to the ...
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INVESTOR PROTECTION
Clariant case: SEBI may file review petition
THE Securities and Exchange Board of India (SEBI) is likely to file a review petition before a full bench of the Supreme Court on today's order by a single-judge bench of the apex court on the Colour Chem-Clariant case. According to highly ...
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