Jindal Polyester to issue pref shares to Jindal Photo
New Delhi: The board of directors of Jindal Polyester Ltd (JPL) on Monday approved a proposal to issue a new series (series III) of Optionally Convertible Preference Shares (OCPS) up to Rs 35 crore on a preferential basis to Jindal Photo Films Ltd.

As per the terms of issue, each preference share will have a face value of Rs 10 each and be eligible for a dividend of five per cent. A conversion option within 18 months from the date of their allotment at Rs 120 per equity per share (in the ratio of one equity share for every 12 OCPS) has also been provided.
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DSP ML plans scheme eyeing Top 100 cos
Kolkata:DSP Merrill Lynch Mutual Fund has proposed to introduce an equity scheme that will pick up stocks from the top 100 companies listed on any of the country's two premier exchanges, the BSE and the NSE.

The proposed Top 100 Equity Fund from DSP ML will have the BSE-100 index as its benchmark, the offer document sent to the Securities and Exchange Board of India for clearance mentions. Like all equity schemes, this too will have capital appreciation as its primary investment objective.
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Hexaware up on order talk
Mumbai: Hexaware Technologies on Tuesday witnessed sharp rise in price on the back of higher volumes on talks that the company is likely to bag an order for its BPO business.
About 60 per cent of the company's equity was traded on the BSE and the NSE. The stock gained 11.63 per cent at Rs 131.45 on the BSE with volumes of 43.33 lakh shares. On the NSE, the stock closed at Rs 130.05, up 12.10 per cent with volumes of 89.22 lakh shares.
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Active trading in Zee Tele
Kolkata: On a dull trading day today, Zee Telefilms witnessed heightened activity at the major bourses. According to market players, the counter has been active of late, primarily on different expectations.

The factors that were understood to be driving the stock included its berth in the fresh list for the derivatives trading, to be announced shortly by the market regulator, and better third quarter performance.
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Interim order declined on Ketan's plea
Kolkata: In a writ petition filed by Mr Ketan V. Parekh, a Mumbai-based stock broker, for quashing of investigations initiated by the Calcutta Police for his alleged involvement in the Rs 120-crore share scam at the Calcutta Stock Exchange (CSE), Mr Justice M.H.S. Ansari of the Calcutta High Court on Tuesday directed filing of affidavit. In the petition,
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