Shaw Wallace calls off plans to buy RBL
Mumbai: Shaw Wallace Breweries Ltd has called off its plan for acquiring Rajasthan Breweries Ltd., which Bank of Rajasthan has taken possession of due to default in paying loans by RBL. Instead, Shaw Wallace is looking for a bottling arrangement as and when RBL resumes its operation.
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Satyam Info, Pentamedia out in Skindia GDR Index recast
Mumbai: The Index Committee of the Skindia GDR Index on Wednesday announced a revamp that saw the number of index constituents reduced to 15 from 23 (22 companies) earlier. These changes are effective 7 June 2002.
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High-risk income scheme from JM Mutual Fund
Mumbai: JM Mutual Fund has mooted a high-risk income scheme that may invest up to 35 per cent of its assets in the relatively risky BBB-rated paper.
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Nomination option for mutual fund investors
Mumbai: The Securities and Exchange Board of India has amended its Mutual Funds Regulations to allow nomination facility to the unit-holders of mutual funds. This move of the capital market regulator is expected to benefit millions of individual investors.
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Bull run on bourses stalled
Mumbai: Bears were successful in restricting the bulls from making further gains on Wednesday, resulting in reducing the bull count by a considerable margin. None of the counters in the tradable list are in the downtrend.
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DSE issues notices to 16 brokers
New Delhi: The Delhi Stock Exchange has issued notices to 16 brokers for allegedly routing their trades to the National Stock Exchange using DSEs infrastructure.
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Tata Power moves up on acquisition talk
Mumbai: The stock of Tata Power moved up on Wednesday on talks of possible acquisition of a distribution company, which is expected to be formed after the unbundling of the Maharashtra State Electricity Board.
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Cement stocks gain on price hike hopes
Mumbai: The shares of leading cement companies such as L&T, Grasim, Gujarat Ambuja and ACC were in the limelight on Wednesday on the bourses on expectations of possible hike in cement price this month.
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SEBI rules to be revamped
Mumbai: SEBI chairman G N Bajpai has said the proposed changes in the SEBI Act providing powers to the regulator for search and seizure as well as for imposing higher financial penalties, will help in efficient regulation of the securities.
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Medium-cap, small stocks hold ground
Mumbai: Stock prices of large capitalisation companies took a breather on Wednesday from the brief two-day rally. The Bombay Stock Exchanges Sensex and the National Stock Exchanges S&P CNX Nifty recorded losses of around half a per cent.
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Investor awareness programme in Karnataka
Mumbai: The Bombay Stock Exchange, as part of a series of investors awareness programmes in Karnataka, conducted a meeting in Mangalore on Wednesday in order to create investor awareness and to resolve and register investors complaints.
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Ethical funds keep off developing countries
London: The British ethical investment funds have largely steered clear of the developing world where working conditions are often poor and economic growth needed most.
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CBS, NCAA name Coke as $500-m marketing ally
New York: Television network CBS and the National Collegiate Athletic Association on Tuesday announced an 11-year $500-million marketing deal putting the Coca-Cola brand on everything from NCAA championships to CBS broadcasts of "March Madness" basketball games.
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