Reckitt open offer
New Delhi: Oriental Insurance Co Ltd has announced that it has sold 4.92 lakh fully paid-up equity shares of Reckitt Benckiser (India) (amounting to 1.49 per cent of the company's paid-up share capital) at Rs 250 per share to Reckitt Benckiser.
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Bear onslaught
Mumbai: Bears were in total command of Monday's trading activity. Bulls were unable to make any impact during the day's trading. The market sentiment reading of the tradable counters stands mildly bearish.
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Fertiliser stocks wither
Mumbai: Fertiliser stocks witnessed selling yesterday on reports of slow progress of monsoon this year. The stock prices of SPIC, Chambal Fertiliser and Gujarat State Fertiliser Corporation (GSFC) fell between 3.5 per cent  and seven per cent.
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Sify may be out of Nasdaq listing soon
Chennai: The American depository shares (ADS) of Satyam Infoway Ltd (Sify) may soon cease to be on the Nasdaq National Market listing. This follows Sify's ADS trading continuously below $1 since May 22.
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ONGC up on stake sale talk
Mumbai: ONGC on Monday spurted with rumours of a possible stake sale in the company. Crude oil prices may also increase shortly which is expected to benefit the company immensely, dealers said.
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NSE plans index product mirroring market swings
Mumbai: Keeping pace with the changing requirements of the capital markets, the National Stock Exchange is exploring the possibility of introducing an index-based product that will reflect the volatility of the market.
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Block deals lift EIH
Mumbai: The EIH Ltd stock closed higher by about 3.7 per cent today at Rs 244 on the major bourses. However, the combined volumes in the counter on the Bombay Stock Exchange and the National Stock Exchange were not more than 19,000 shares.
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Barring PSUs, it's red pointers all over
Mumbai: The escalation of tensions between India and Pakistan after terrorists struck during the weekend in a village in Jammu and Kashmir killing 27 migrant labourers and the prospects of a poor monsoon this year collectively had adverse effect on the market.
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HC okays Sterlite arrangement
Mumbai: Sterlite Industries (India) Ltd yesterday informed that the Bombay High Court had upheld the scheme of arrangement between the company and its equity shareholders, which envisaged purchasing up to 50 per cent of Sterlite's equity capital.
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TTP union urges Kerala Govt to help clear stocks
The Kerala Government has been called upon to initiate measures on a war footing to sell the mounting stocks of titanium dioxide at the State-owned Travancore Titanium Products Ltd (TTP). The call was made at the annual meeting.
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Re sheds 7 paise; gilts firm
Mumbai: THE rupee weakened by seven paise on Monday to close at around 48.84/8450 to a dollar as compared to its previous close of 48.7725/7750 due to the terrorist attacks in Jammu.
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Dollar nears parity with Euro
Londoni: The dollar lost ground across the board on Monday, nearing last Septembers low against the yen and approaching parity with the euro as concern about US assets ahead of a key earnings season weighed on sentiment.
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