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Reliance
gains top slot in HSBC India fund
Mumbai: Reliance Industries has taken the top slot
in the India-dedicated fund managed by HSBC. In end-October,
Reliance had occupied the third spot.
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Templeton
to launch India international fund
Mumbai: Templton Mutual Fund yesterday announced
that it would launch a new open-ended scheme - Franklin
India International Fund (FINTF) - that will provide investors
an opportunity to invest in foreign securities.
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Restricted
movement
Mumbai: Bulls were in control of the initial hours
of Wednesday's trading. However, ears managed to recoup
most of the their losses during the wee hours of the day's
trading.
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Brokers
take turnover fee issue to Ministry
New Delhi: The Securities Industry Association
of India (SISAI), the apex body of the broking community
in the country, has finally moved the Union Ministry of
Finance on the issue of turnover fee.
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Nasdaq
keen on tie-up with Indian bourses
Mumbai: Nasdaq, which has decided to close down
its exchange in Japan, is looking at other Asian markets,
including India, for trading tie-ups in the future.
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Scorpio
success buoys M&M
Mumbai: The stock of Mahindra and Mahindra, utility
vehicle and tractor major, shot up by almost 7 per cent
on value buying today on the Bombay Stock Exchange. The
stock ended the day at Rs 100.65 on the BSE with 13.31
lakh shares being traded.
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Berger
shadow over Snowcem
Mumbai: There seems to be no light at the end of
the tunnel for Snowcem India. The company's share price
has been on a downtrend ever since the announcement of
Berger Paints' interest in acquiring Snowcem.
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Promoter
sells shares of Godrej Consumer to FII
Mumbai: Godrej & Boyce Manufacturing Co Ltd
has sold 3.15 per cent stake in Godrej Consumer Products
Ltd (GCPL) in the open market, the company said in a statement
yesterday.
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SEBI
to look into Grasim delay
Mumbai: The SEBI Chairman, G.N. Bajpai, today said
the capital market regulator will look into the delay
by Grasim's merchant banker to inform Larsen & Toubro's
shareholders about SEBI's advise to put the open offer
on hold.
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Tribunal
ruling made SEBI stall Grasim open offer
Mumbai: It is the Securities Appellate Tribunal
order in the Gujarat Ambuja-ACC Ltd case that has prompted
the Securities and Exchange Board of India to make a pre-emptive
move putting on hold Grasim's open offer for 20 per cent
stake in L&T, a SEBI official has conceded.
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Tech
stocks power Sensex to higher levels
Mumbai: Spearheaded by a firm trend in technology
stocks, the stock market ended on a firm note on Wednesday.
The BSE Sensex registered a gain of 18.32 points, extending
the four-day gain to 3.89 per cent or about 115 points.
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Re
slips; gilts lose gains
Mumbai: The rupee closed a tad weaker on Wednesday
at 48.2225/2325 against the dollar, as compared to Monday's
close of 48.21/22 in the forex market.
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