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SEBI
seeks views on panel report on real estate MF
Coimbatore: The Securities and Exchange Board of
India (SEBI) has set the ball rolling on the long-pending
issue of the launch of real estate mutual funds. It has
called for comments on the report of the sub-committee
appointed by the Association of Mutual in India (AMFI)
to formulate a working plan for launching real estate
investment schemes in the country.
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CSE
panel rejects defaulters' offer
Kolkata: The CSE governing committee met on Monday
and decided to hold the postponed AGM on November 21 as
announced earlier.
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CMC
scrip slide queers sale pricing
New Delhi: The recent slide in the share price
of CMC Ltd and the confusion over price discovery has
put the Union Government in a fix over exercising the
put option clause to sell its residual 26 per cent stake
in the company.
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Steel
stocks gain on value-buying
Mumbai: Backed by an expected revival in steel
demand and a firm trend in prices, stocks of steel companies
across the board gained momentum on value buying on the
bourses on Monday.
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Cement
stocks firming up
Mumbai: Counters of cement companies have been
witnessing increased activity over the past few days on
the back of an expected hike in cement prices as well
as projections of good volume growth in the coming months.
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Dow
slips 93 points at close
Mumbai: Wall Street pulled back Monday as investors
tried to extend six weeks of bluechip gains but were stymied
by war concerns and a tepid Wal-Mart outlook. The Dow
Jones industrial average declined 92.52, or 1.1 per cent,
to close at 8486.57 snapping a four-day winning streak.
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Intense
activity in Tata Engg
Mumbai: The counter of Tata Engineering saw intense
activity on Monday. According to market sources, a foreign
brokerage had bought about five lakh shares. The deal
was made primarily on the NSE counter.
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Zurich
AMC plans capital restructuring
New Delhi: Zurich Asset Management Company India
Private Ltd (Zurich AMC) has sought permission from the
Foreign Investment Promotion Board (FIPB) for converting
22,324,000 equity shares of Rs 10 each held by Zurich
Finance (Mauritius) Ltd (ZFML) into non-convertible, redeemable,
cumulative, non-participating preference shares of Rs
10 each.
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SEBI
tells Grasim to hold L&T open offer
Mumbai: The Securities and Exchange Board of India
yetserday asked Aditya Birla group company Grasim Industries
Ltd to put on hold its open offer to shareholders of Larsen
& Toubro at Rs 190 per share.
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Re
ends lower; gilts rise
Mumbai: The rupee closed marginally weaker on Monday
at 48.21/22 per dollar, as compared to Friday's close
of 48.1975. The rupee opened at 48.18/19.
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