MARKETS
DIVIDEND ANNOUNCEMENT
UTI Master Plus announces 80% dividend
UTI Master Plus Unit Scheme has declared dividend of 80 per cent. A press release by UTI Mutual Fund said here on Monday that pursuant to the payment of dividend, the NAV of the dividend option of the scheme would fall to the extent of payout and ...
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MUTUAL FUNDS
NBFCs can issue credit cards, distribute MFs
Non-banking finance companies (NBFCs) with a minimum net-owned fund of Rs 100 crore and a net profit for two years can now distribute mutual funds and issue co-branded credit cards (with commercial banks) with prior approval of RBI. According ...
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FII inflows highest in November for 2006
Mutual funds turn net sellers to the tune of Rs 24 cr
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Rajagopal to head DBS Chola equities
Mr R. Rajagopal has been appointed the Head - Equities of DBS Chola Mutual Fund. He will be responsible for managing the DBS Chola Equity Funds. Prior to joining DBS Chola MF, Mr Rajagopal was the Vice President (Equity Investment) at IDBI ...
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STOCKS
Marico raises Rs 150 cr thru QIP
Marico Ltd has raised Rs 150 crore through the qualified institutional placement route, offering 29 lakh equity shares at Rs 522 a share. The issue, which opened on November 30 and closed on December 1, was subscribed about 3.4 times. The issue ...
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Hero Honda: New moves unwelcome?
The stock of Hero Honda slipped 0.8 per cent in a flat market despite its recent launch of new versions of the CD Dawn and CD Deluxe motorcycle models. According to broking sources, though the new launches could drive up its sales growth, they ...
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Sugar stocks shine
Sugar stocks such as Balrampur Chini and Bajaj Hindustan witnessed frenzied buying on Monday, with most of them hitting the upper circuit on hopes that the Centre may soon lift the ban on sugar exports. This is in the wake of drop in wholesale ...
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TECHNICAL ANALYSIS
Volatile movement
Monday's trading activity witnessed volatile movement. However, the sentiment reading of the tradable counters continued to remain bullish. Bear move on Tuesday is likely to change the sentiment reading in their favour. On the contrary, the ...
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INTERVIEW
`If target is selling out completely, best price wins'
Normally, the target and the potential acquirer arrive at an initial understanding (verbal, or at times a non-binding term sheet, or letter of intent) of the principal terms of the proposed transaction says Mr Vijay Iyer, Partner, Deloitte Haskins &a mp; Sells, Mumbai, about the process of due diligence.
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`Inflation no immediate cause for concern'
Appreciating rupee is likely to make short to medium term debt a smart investment option
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EVENTS
Correction
COMMENTARY
Sensex meanders sideways, closes with marginal gains
Equity markets started the week in tentative fashion. Though there was no great sell-off, the Sensex struggled to rise above the 13,900 level. It moved sideways in a 50-point band before ending with a marginal gain of 29.55 points. The Nifty, ...
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IPOS
Lukewarm response to IPOs of XL Telecom, Nissan Copper
The initial public offering of Nissan Copper Ltd, with an issue size of 75.8 lakh equity shares, received 12,320 bids on the first day. The issue received 10,240 bids at the cut-off price. The price range of the issue has been fixed between Rs 33 ...
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Oriental Trimex files for IPO
Delhi-based Oriental Trimex Ltd - engaged in cutting, polishing and processing of marble - is planning to enter the capital market with its initial public offering. The company has filed its draft red herring prospectus with market ...
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INVESTOR PROTECTION
SEBI raising money for Investor Protection Fund
SEBI plans countrywide investor education programmes to encourage more participation of retail and small investors.
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