UTI to wind up offshore fund
The Unit Trust of India (UTI) has decided to completely wrap up its offshore India Access Fund, and partially liquidate the India Media, Internet and Communications Fund (IMIC), according to media reports.
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Alliance Mutual sells 2.22% stake in Mastek
Alliance Mutual Fund has sold 3,10,000 shares of Mastek Ltd amounting to 2.22 per cent of the company's equity through the open market route, Mastek said in a notice to the stock exchanges.
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Bulls prevail on the market
Bulls gained control of Wednesday's trading activity. Bears were unable to make any impact during the day's trading. Tuesday's market action resulted in terminating most of the downtrend counters in the tradable list.
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Exchange-traded funds: Web of spiders and vipers beckons
After nearly a decade of the bourses seeing few innovative products other than the derivatives, the Indian investors are about to embark on the complex world of Spiders, Vipers, WEBS, Diamonds and Cubes.
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Lupin Labs gains on stake sale talk
The stock price of Lupin Laboratories continued to see an upward movement. In just a month's time, the stock has gained over 40 per cent. Rise in the stock price is attributed to a placement of Lupin shares with a major multinational pharma company.
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Crompton Greaves uptrend continues
Crompton Greaves has been moving steadily northwards in anticipation of the company posting good results in the third quarter of FY02, given the turnaround in its operations.
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Megasoft delisting cleared
Megasoft Ltd has informed the BSE that its AGM held on December 20, 2002 approved extension of Employees' Stock Purchase Plan 1999 to employees of  its subsidiary companies.
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