MARKETS
NEW FUND OFFER
New debt scheme from Kotak MF
Kotak Mahindra Mutual Fund has launched Kotak Wealth Builder I scheme, a close-ended debt scheme with a maturity period of 36 months. The structured product has been given AAA (so) rating by CRISIL. The scheme aims to generate income by investing ...
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MUTUAL FUNDS
Benchmark AMC, UTI to float gold exchange traded funds
Both funds to be open-ended schemes and to be listed on NSE
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STOCKS
IFCI to sell 21 pc in ICRA
IFCI said on Wednesday that it would sell its holding of 21 per cent along with eight per cent holding of the Specified Undertaking of UTI in rating agency ICRA through the latter's IPO. IFCI stock closed up 6.59 per cent at Rs 26.70 on on the ...
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Dollex Ind stock up on second ethanol unit plan
Plans to raise funds thru pvt placement
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SU-UTI wants to divest 36.58 pc stake in Sicom
The Specified Undertaking of the Unit Trust of India (SUUTI) wants to divest 36.58 per cent stake in SICOM Ltd, the Maharashtra Government controlled non-banking financial company, which offers fund-based and non-fund based products and services ...
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Great Offshore: Betting on demand
The stock of Great Offshore, the newly de-merged offshore services business of GE Shipping, has been largely range-bound in the recent past, yet market players are keenly watching the stock. The company is expected to be the biggest beneficiary ...
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KS Oils up on acquisition talk
Market talk that KS Oils is at an advanced level of negotiation for an acquisition has been driving interest in the company's stock. The stock has seen a 70 per cent jump month-on-month and a 24 per cent gain week-on-week. While the management ...
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TECHNICAL ANALYSIS
Sideways movement
Trading activity witnessed sideways movement on Wednesday. But the sentiment reading of the tradable counters continues to remain bullish. Bear move on Thursday is likely to change the sentiment reading in their favour. On the contrary, the ...
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STOCK EXCHANGES
BSE teams up with Reuters
Bombay Stock Exchange Ltd (BSE) has joined hands with Reuters India Pvt Ltd to provide the Reuters Messaging (RM) facility for accepting all reported deals done in the corporate debt market in the country. Indian Corporate Debt Market is the BSE ...
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STOCK MARKETS
Arbitrage funds outperform benchmarks
More scope seen for launching product variants
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FOREIGN INSTITUTIONAL INVESTORS
Citigroup Property to invest $500 m in Indian real estate biz
To take equity in the proposed hotel project promoted by Nitesh Estates
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COMMENTARY
Quarterly earnings dictate trend
Wednesday's session saw the Indian equity markets meandering sideways. The Sensex moved in a 100-point band between 14,200 and 14,100 before closing with a marginal gain of 16.6 points. The Nifty closed the day in the red, down 0.1 per cent. ...
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IPOS
Cambridge Technology issue oversubscribed
Cambridge Technology Enterprises Ltd (CTEL), which went public to raise funds, has announced that its issue that closed on January 9 was subscribed by over 6 times. The company offered 63.15-lakh equity shares of Rs 10 each at a premium of Rs ...
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ECONOMIC OFFENCES
SEBI lifts ban on 3 broking houses
SEBI has lifted the prohibition on opening of fresh demat accounts by Pravin Ratilal Share and Stock Brokers Ltd, Wellworth Share and Stock Broking Ltd and Dindayal Biyani Stock Brokers Ltd. The capital markets regulator via its post hearing ...
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