MARKETS
ANNOUNCEMENTS
Corporate developments
Coimbatore, Dec. 13 Finolex Cables has entered into a joint venture agreement with J-Power Systems Corporation (JPS) of Japan (a joint venture between Hitachi Cable and Sumitomo Electric Industries) to offer complete turnkey ...
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FINANCIAL SERVICES
HSBC India to foray into retail broking
HSBC India is looking to enter the retail broking space shortly, said Ms Naina Lal Kidwai, Group General Manager and Country Head, HSBC India. “We are looking at it as we are already strong in the wealth management segment,” she ...
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MUTUAL FUNDS
UTI Mutual, SBI MF to manage postal life insurance monies
Investment board to be set up for investment strategy
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STOCKS
Heritage Foods warrants issue
The board of directors of Heritage Foods (India) Ltd has approved issuance of eight lakh warrants, each warrant convertible into one share of Rs 10 to Ms N. Bhuvaneshwari, Vice-Chairman and Managing Director, at Rs 256 a warrant. Informing this ...
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HBL Power to allot pref shares
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TECHNICAL ANALYSIS
Bear domination
Bears dominated over Thursday’s trading activity. However, the sentiment reading of the tradable counters remains bullish. Bear move on Friday is likely to change the sentiment reading in their favour. On the contrary, current sentiment ...
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DERIVATIVES MARKETS
Ispat Ind, Lanco Infra hog limelight
17 securities attract NSE ban
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RECOMMENDATION
Today's Pick: S.Kumars Nationwide (Rs 160.75)
We recommend a buy in S.Kumars Nationwide at current market price. From the weekly chart of S.Kumars Nationwide it is evident that it has been on steady long-term uptrend since March 2007 low of Rs 59. The stock has multiplied three times since ...
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Day trading guide
After finding resistance around Rs 1,300, the stock had a steep fall in the last session. We recommend a sell.Infosys In line with our anticipation, the stock declined on Thursday. We retain our sell ...
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IPOS
Lodha Group plans Rs 8,000-crore IPO
Gets $425 m from private equity investments
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Flexibility soon for insurers to invest in IPOs
Mortgage based securities, infrastructure bonds may also be okayed
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Kolte-Patil lists at 59% premium
Mumbai, Dec. 13 Kolte-Patil Developers Ltd, a real estate company, made its debut on the capital markets at a premium of 58.6 per cent against the issue price of Rs 145 today on the NSE. It touched a high of Rs 230 and a low of Rs 176 during ...
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Brigade subscribed 13 times
Mumbai, Dec. 13 Brigade Enterprises Ltd, on the last day of the issue, was subscribed a total of 13.05 times across the price band. The QIB portion was subscribed 18.3 times, the HNI portion was subscribed 4.9 times and the retail investors ...
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VENTURE CAPITAL
Redfort Capital launching domestic fund
Redfort Capital, a Cayman Islands-based private equity firm, which has a $400 million (Rs 1,400 crore) fund from foreign institutional investors, plans to launch a $100 million (Rs 400 crore) domestic fund, according to its Managing Director, Mr ...
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PEOPLE
SEBI whole-time member gets three months extension
New Delhi, Dec 13 The Government has given three months extension to the Securities and Exchange Board of India whole-time member, Mr G. Anantharaman, who was to superannuate on December 14. Official sources said that the order giving the ...
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