Reliance ups stake in BSES to 40.29%
Mumbai: Relinace Power Ventures Ltd has informed the National Stock Exchange that Reliance Industries including "persons acting in concert" has purchased 32.65 lakh shares in BSES Ltd increasing the group's shareholding to 40.29 per cent. 
Back to News Review index page  
With new takeover guidelines - Ondeo Nalco shareholders knock at SEBI door
Kolkata: A group of minority shareholders of Ondeo Nalco India Ltd (formerly Nalco Chemicals India Ltd) has moved the Securities and Exchange Board of India (SEBI) regarding the application of the recently amended SEBI (substantial Acquisition of shares and takeovers) Regulations, 1997, to the takeover of Ondeo Nalco's US parent by a French company. 
Back to News Review index page  
UTI board to mull MIP options
Mumbai: The board of the Unit Trust of India is scheduled to meet on Thursday to consider various options on bridging the shortfall in the Monthly Income Plan 97 (IV). 
Back to News Review index page  
Bears regain strength
Mumbai: Bears regained their strength and were in total control of Wednesday's trading. Bulls were unable to make any recovery during the day's trading. None of the counters in the tradable list is in the uptrend. 
Back to News Review index page  
Naik talk lends steam to EIL
At a time when most PSU stocks were being hammered, the stock of Engineers India Ltd (EIL) closed higher yesterday on reports that the Government will privatise the company in the current fiscal itself. The EIL stock ended 3.70 per cent higher on the BSE at Rs 307.90 with volumes of 4.32 lakh shares. On the NSE, the stock closed at Rs 302.25, up 2.54 per cent with volumes of 10.97 lakh shares. 
Back to News Review index page  
Polaris-OrbiTech ratio to change
Mumbai: The talk doing the rounds in the market on Polaris Software is that by end of this month, the merger exchange ratio between Polaris and OrbiTech is likely to change. Dealers said this would be done to benefit the shareholders of Polaris. 
Back to News Review index page  
Buying support lifts Apollo Hospitals
Chennai: Apollo Hospitals has been witnessing a steady rise in recent times, backed by buying support from funds and retail investors. The stock yestersay finished marginally higher at Rs 103.05 with 5.34 lakh shares being traded on the BSE. On the NSE, Apollo Hospitals closed 0.8 per cent higher at Rs 103 with 10.97 lakh shares being traded.
Back to News Review index page  
Tech stocks take beating on weak signals from US
Mumbai: The benchmark BSE Sensex turned bearish again on Wednesday after key stocks on Wall Street and other US markets spiralled down to new lows following grim US economic data and the tough stance taken by the US on Iraq. 
Back to News Review index page  
Amara Raja case: 2 cos held guilty
Hyderabad: In a significant development pertaining to price manipulation in the scrip of Amara Raja Batteries Ltd, the Securities and Exchange Board of India has decided to suspend two of the stock broking firms registered on the Bombay Stock Exchange after finding them guilty of violating the provisions of SEBI (stock brokers and sub-brokers) Regulations, 1992 and SEBI (prohibition of fraudulent and unfair trade practices relating to securities market) Regulations, 1995. 
Back to News Review index page  
Re strengthens; gilts gain
Mumbai: The rupee closed marginally stronger on Wednesday at 48.4050 against the dollar as compared to Tuesday's close of 48.41/42, in a lacklustre forex market. 
Back to News Review index page