The Hindu Business Line : Friday, December 30, 2005

India Infoline plans to raise Rs 100 cr
INDIA Infoline Ltd said today it plans to raise Rs 100 crore through an issue of optionally convertible bonds to DSP Merrill Lynch Capital and equity to the Times Group. The stocks and commodity broking company said it plans to make a ... More

TAXATION

Stamped and harassed — The stamp duty administration needs to be simplified
THE IMPOSITION of stamp duty on all deals on the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE) even where the brokers and investors are located outside Maharashtra has predictably drawn the ire of ... More

TECHNICAL ANALYSIS

Bull domination
BULL Dominated over Thursday's trading activity. The sentiment reading of the tradable counters remains bullish. Bear domination on Friday is likely to change the sentiment reading in their favour. On the contrary, the bullish sentiment is likely ... More

STOCK MARKETS

Growth hope triggers Bannari Amman Spinning
BANNARI Amman Spinning, the recently listed stock, rose sharply on Thursday. The stock rose 18.72 per cent at Rs 128.10 on the BSE with volumes of 17.89 lakh shares; on the NSE, it rose 16.6 per cent at Rs 125.70 with volumes of 20.40 lakh ... More

ASSET MANAGEMENT COMPANIES

UTI AMC plans to buy tech firm — Sponsor-banks to lend marketing support too
FUND house UTI Asset Management Company on Thursday announced plans to buy controlling stake in a technology company, set up its own call centre and own a distribution company as part of an aggressive strategy to grow its assets under management ... More

REGULATORY BODIES & RULINGS

SEBI panel recommends short selling by institutions
Initially short selling may be permitted only in those stocks in which derivative products are available More

SEBI-FMC convergence move to wait for 3 yrs
ANY decision on convergence between the Securities and Exchange Board of India (SEBI) and the Forward Markets Commission (FMC) for regulating derivatives (both commodities and equities together) would have to wait for another three years. ... More

INTERVIEW

Market valuations stretched: Gryffon Investment
MR Anand Tandon of Gryffon Investment Advisors does not rule out the possibility of the Sensex touching the 10,000-level prior to the Budget. He also says overall equities seem to be positive next year, while money making might not be very easy ... More

COMMENTARY

Afternoon buying lifts benchmarks
ON Thursday, the markets opened on a positive note following a volatile session on Wednesday. A cautious sentiment ruled the markets ahead of the economic committee meeting of the Cabinet. Sentiment appeared to turn negative dragging the ... More

IPOS

Publisher of Dainik Jagran plans IPO by Jan
JAGRAN Prakashan Ltd (JPL), publishers of the country's highest circulated newspaper Dainik Jagran, would be coming out with their IPO, likely January. A portion of the proceeds would be earmarked for acquisitions and joint ventures in ... More

PUBLIC OFFER

Union Bank public issue likely before Budget
UNION Bank of India's second public issue to raise Rs 450-500 crore could hit the market before the 2006 Union Budget, said Mr Cherian Varghese, Chairman and Managing Director. The bank is waiting for approval from the Securities and Exchange ... More

INVESTOR PROTECTION

NIF moots e-voting at shareholders' meetings
THE National Investors Foundation (NIF), an investors' forum, has suggested introduction of electronic voting at shareholders' meetings of the listed companies. In a communication to the market regulator, the foundation has pointed out that a ... More

TRENDS

`Funds from primary market issues down 25 pc in 2005' — PSU disinvestments boosted 2004 mop-up
DESPITE an extremely bullish secondary market this year, funds raised in the primary equity market through public issues were lower by 25 per cent at Rs 22,754 crore from the previous year. In 2004, Rs 30,511 crore was raised in the primary ... More

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An upswing across the board for commodities

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In Focus

Dynamic Tirupur

Trends in IT - 2005

FDI in retail sector