Tech funds nimble; better BSE IT index
Mumbai: In these days when equity markets are seen as destroying value, leading technology funds are on a roll, their portfolios mutating quickly and fund managers going out of their way to prove their points. The clear winners are software and services ... More
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Karachi beats Sensex by 53%
Mumbai: Indians usually compare their economic performance with their giant neighbour China. But a comparison with Pakistan, at least of the stock markets, throws up some unexpected results.
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`Not enough impetus for FII flow'
Mumbai: The secondary market last week was tossed between hope and despair. The general impression among the market players was that the volatility-induced fatigue had not only been telling on the indices, but also on the business volumes.
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MTNL witnesses unusual activity
Mumbai: The US markets seemed to have pushed the negative news, including accounting frauds from corporate America, to the backburner and indulged in bargain buying - helping the markets to finish on a firm note during the week gone by.
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Wipro ePeripherals seeks name change IPO likely next year
Bangalore: Wipro ePeripherals (WeP) has formally applied for a name change, in anticipation of an IPO, maybe next year. Though the company has one more year to use parent Wipro Ltd's name, the WeP brand building exercise has been in full swing for a year.
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DSP Merrill Lynch brokers Ranbaxys 4 lakh GDR deal
Mumbai: DSP Merrill Lynch, for the third time in the last week, undertook a deal to buy four lakh shares of Ranbaxy Labs and convert them into 4 lakh GDRs.
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Rupee may touch 48.50 by Aug-end
Mumbai: The rupee had a busy week, moving down by about 10 paise to 48.76 levels before ending the week at its 48.65 pivot.
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