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Sundaram
Mutual to expand operations
Mumbai: The south-based mutual fund Sundaram Mutual is eyeing
the northern and western markets. The company is on the lookout for
new distributors in these areas. It is in talks with several
distributors at the moment and is also planning to expand in Mumbai
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200
listed firms move into e-filing
Mumbai: The
information filed under Edifar would be in addition to any statements,
reports and information that would have to be filed by the companies
in either physical or other forms with the exchange.
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Sebi
tells Parry Agro not to proceed with buyback
Mumbai: Parry Agro is also said to have disclosed in the public
announcement and the draft offer document that the company intended to
delist the equity shares from all the stock exchanges on completion of
the buyback.
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SEBI board
discusses First Global
Mumbai: The board of
Sebi on Monday heard the case of Shankar Sharmas stock broking firm
First Global and asked the firm to give a written submission to the
board.
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StanChart
launches MF bond fund
Mumbai:
Standard Chartered Mutual Fund has launched Grindlays Dynamic Bond
Fund, a 100-per cent debt fund with a long-term investment option. The
debt fund is to open on Tuesday. This fund provides the ability to
mimic a cash fund.
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Marginal
loss on the bourses
Mumbai: Initial hours
of Mondays trading witnessed a mild bear domination. Later on,
bulls gained control and recouped their losses. Bears managed to gain
marginally from the day's trading. The sentiment reading of the
tradable counters stands mildly.
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Exports
lend sparkle to diamond companies
Mumbai: Reports
of a 28-per cent increase in diamond exports during April-May saw
share prices of diamond companies move up sharply on the bourses on
Monday. Stock prices of companies such as Su-Raj Diamonds and Parekh
Platinum, Shrenuj Diamonds showed an uptrend.
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Bajaj
Auto holds grip
Mumbai: The Bajaj
Auto stock on Monday overcame the weakness caused by the news of
separation of one of the Bajaj brothers, and a possible split in the
family businesses.
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M&M
on fast track
Mumbai: The
share price of automobile company Mahindra & Mahindra has been in
the limelight over the last few days on account of a turnaround in the
automobile sector (especially utility vehicles).
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