SSI makes open offer for 20 per cent more in Aptech
Chennai: SSI Ltd has announced an open offer to the existing shareholders of Aptech Ltd for the purchase of an additional 20 per cent stake in Aptech. The additional purchase would increase SSI's equity holding in Aptech to over 47 per cent, assuming full ...
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SEBI cancels licence of Pioneer ITI MF
Hyderabad: The Securities and Exchange Board of India (SEBI) has decided to cancel the certificate of registration issued to the Pioneer ITI Mutual Fund.The regulator had granted the certificate of registration to Kothari Pioneer Mutual Fund under the SEBI (Mutual Funds) Regulations, 1993 on August 26, 1993. Later, the name of the fund was changed to Pioneer ITI Mutual Fund in August 2001.
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SEBI plans more powers to SEs to tackle erring cos
Mumbai: The Securities and Exchange Board of India proposes to grant more powers to stock exchanges to take action against companies which are not complying with listing agreement including code of corporate governance.
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Simultaneous domestic, ADR offering in BPCL proposed
New Delhi: The Inter-Ministerial Group (IMG) has decided to sell 20 per cent Government equity in Bharat Petroleum Corporation Ltd (BPCL) in the American markets through an American Depository Receipt (ADR).
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Promoter hikes stake in Kakatiya Cement
Hyderabad: The promoter and the Managing Director of Hyderabad-based Kakatiya Cement Sugar & Industries Ltd, P. Venkateswarlu, has once again gone in for purchasing shares from the open market and marginally enhanced his holding in the company.
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Hero Honda slides further
New Delhi: Hero Honda seems to be in the news for all the wrong reasons and the impact has been substantial on the stock as well. The share price of Hero Honda slid further on Friday amidst rumours of a 40-50-per cent cut in its vehicle production. ...
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Fidelity hikes holding in Dr Reddy's
Hyderabad: A leading foreign institutional investor - Fidelity Investment Trust - has acquired 80,000 shares of Dr Reddy's Laboratories, the Hyderabad-based drug major, thereby further consolidating its holding in the company.
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Bank stocks crash as yields rise
Mumbai: Trading volumes slumped on Friday even as the markets ended the day down. The Bombay Stock Exchange's Sensitive index (Sensex) dipped 0.74 per cent while the National Stock Exchange's S&P CNX Nifty ended lower by 0.81 per cent.
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Rupee firmer; gilts volatile
Mumbai: The rupee ended the almost four paise stronger at 47.8550/8650 against the dollar in a comparatively less volatile forex market on Friday. The sudden surge of demand for the greenback seems to have subsided.
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