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AMFI
moves ahead with self-regulation initiatives
New Delhi: The Association of Mutual Funds in India
(AMFI) may seek inputs on self-regulation from FIRE (Financial
Institutions Reforms and Expansions), the US-aided programme
on reform and education for financial institutions.
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Narrow
movement
Mumbai: Thursday's trading activity witnessed narrow
movement. Neither the bulls nor the bears could gain from
the day's trading. The sentiment reading of the tradable
counters remains neutral.
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BSE
reserves may go to new entity, not Govt kitty
New Delhi: The Government has taken the view that
the reserves and surplus built up by the Bombay Stock
Exchange (BSE) should be transferred to the proposed corporatised
entity.
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Punjab
National Bank hits new 52-week high
Mumbai: The shares price of public sector Punjab
National Bank (PNB) yesterday touched new 52-week high
on the back of recent developments such as merger with
Nedungadi Bank and divestment of stake in PNB Gilts, a
subsidiary of PNB.
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Dow
51 points down, techs upbeat
Mumbai: US stocks winessed mixed trends on Thursday
as blue chips slumped on higher oil prices and a mixed
bag of economic data, but a reassuring outlook from telecom
gear maker Ciena Corp. helped technology shares rise for
the third day.
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NIIT
gains on FIIs buying
Mumbai: The NIIT stock is back on the FIIs' buy-list
following encouraging fourth quarter results. The FII
backing was the main reason for the software and computer
education company stock gaining steadily over the last
few days.
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Grasim:
SEBI probe to be over in 2 months
New Delhi: The Securities and Exchange Board of
India (SEBI) hopes to complete within the next two months
its investigation into the alleged violation of takeover
code by A.V. Birla Group company, Grasim Industries Ltd
while buying the shares of Larsen & Toubro Ltd (L&T).
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Infotech
stocks retain faith of investors
Mumbai: Equities inched up on Thursday, as investors
seemed to believe the results of the ongoing election
in Gujarat would have a positive impact on the Central
Government's economic decision-making.
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Pact
with Mauritius on securities scam probes
New Delhi: The Securities and Exchange Board of
India (SEBI) and the Financial Services Commission (FSC)
of Mauritius on Thursday entered into a landmark cooperation
agreement that would help the capital market regulators
of both the countries in investigating scams and capital
market infringements in a more thorough manner without
any legal impediments.
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Re
loses overnight gains
Mumbai: The rupee lost almost 5 paise to close
at 48.19/20 against the dollar on Thursday as compared
to Wednesday's close of 48.1450/1550.
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