The Hindu Business Line : Tuesday, December 27, 2005

Dubai Financial makes open offer to acquire 20 pc in Thomas Cook
DUBAI Financial (LLC) has made an open offer to acquire up to 29,16,667 fully paid-up equity shares of the face value of Rs 10 each, representing up to 20 per cent of the paid-up equity share capital of Thomas Cook (India) Ltd at Rs 619.45 per ... More

NEW FUND OFFER

HSBC AMC launches Advantage India Fund
HSBC Mutual Fund on Monday announced the launch of its new fund offer, HSBC Advantage India Fund, an open-ended equity scheme that will invest in equities - primarily in sectors, areas and themes that play an important role in or benefit from ... More

MUTUAL FUNDS

New set of fund managers at UTI
THE country's top fund house UTI has chosen a fresh set of people to manage some of its major schemes, including ULIP, Mastergrowth and Mastershare. Mr Chandraprakash Padiyar, Ms Gautami Desai and Mr Paresh Sharmanow share responsibilities ... More

Fund managers call for better look at fixed-income market
HERE is a wake-up call for all those who have been obsessed with equity mutual funds. Some of India's best known money managers, alarmed at the way clients are focusing on equity and equity alone, are fervently calling out for re-balancing of ... More

UTI Ventures picks up 10.7 per cent in Suryalakshmi Cotton
UTI Venture Funds has picked up 10.7 per cent stake in Suryalakshmi Cotton Mills Ltd (SCML) for Rs 34.99 crore. The stake acquisition is through a preferential issue of 14.28 lakh equity shares at Rs 245 per share, according to a press release ... More

STOCKS

RIL promoters to consolidate holding thru group transfer
RELIANCE Industries promoters (Mukesh Ambani and family) have started consolidating their holding in the company through inter-se transfer. As part of the transfer, various promoters' companies - Bhumika Trading, Eklavya Mercantile, Ekansha ... More

TECHNICAL ANALYSIS

Bears prevail
BEARS prevailed over Monday's trading activity. The sentiment reading of the tradable counters remains bearish. Bull domination on Tuesday is likely to change the sentiment reading in its favour. On the contrary, the bearish sentiment is likely ... More

STOCK MARKETS

Call rates rise on liquidity tightness — Sensex nosedives 171 points
Though rates ended the session at 6.5-6.75 per cent, dealers say the call market is likely to be volatile for the rest of the week due to fears of IMD redemption. Today, RBI lent Rs 17,680 crore to banks through the repo auction. The advance ... More

Intellvisions Software up on FII move
INTELLVISIONS Software on Monday closed higher on completion, as market sources have it, of its preferential allotment to two FIIs. According to market talk, Goldman Sachs and Merrill Lynch have been allotted a total of 8.65 lakh shares at ... More

COMMENTARY

High volatility, profit-taking drag indices
IT was yet another black Monday on the bourses as markets recorded a significant slide. High volatility amidst profit-booking by investors dragged the indices down. The benchmark Sensex shed 171 points to close at 9085.9, its biggest drop since ... More

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New set of fund managers at UTI

Brand India is a good draw at airport duty-free shops

Boxing Day there, holiday here

Sundram Fasteners buys Peiner — 'Acquisition will help foray into French market'

Fund managers call for better look at fixed-income market

Overseas acquisitions set to top $4.5 b in 2005 — `Number of enquiries for due diligence has increased significantly'

Paper prices to go up

Prospects for bulk pineapple exports brighten — Pilot consignment of 5 tonnes sets sail for Dubai

RBI can afford to lower rates