Sharekhan begins Vizag operations
Hyderabad: Sharekhan, one of the leading retail brokerage firms in the country and the retail broking arm of the Mumbai-based SSKI group, has announced the commencement of its operations at Vijayawada on Monday.
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Tata Mutual plans to convert Ind Tax Shield as open-ended
Mumbai: Tata Mutual Fund has decided to convert the close-ended erstwhile Ind Tax Shield into a general equity scheme. In its new avatar, the latter will be renamed Tata Equity Opportunities Fund.
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ACC jumps on open offer hopes
Mumbai: Cement major ACC jumped sharply on Monday on hopes that the Securities and Exchange Board of India (SEBI) may issue a directive asking Gujarat Ambuja Cement Ltd (GACL) to make an open offer to the shareholders of ACC shortly.
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Mid-cap tech stocks sizzle
Mumbai: With fears of an impending war between the US and Iraq temporarily allayed, mid-cap software stocks such as Pentamedia Graphics, Silverline Technologies and DSQ Software went on a roller coaster ride on the bourses on Monday . Trading for after almost a week in the negative territory, these stocks hit the circuit breaker limit and registered huge volumes.
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FIIs turn buyers in Satyam Computer
Chennai: Satyam Computer was back in the buy list of leading institutional investors. Dealers said most institutional purchases came from the foreign investors.
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Hexaware shines ahead of results
Kolkata: The Hexaware Technologies stock yesterday saw a sharp jump in price in anticipation of improved results for the quarter ended December 2002 on the major bourses. Interestingly, the December quarter results, which came in after the market hours,showed that the net profit increased by a whopping 217-per cent quarter-on-quarter.
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Special margin on 37 scrips
Chennai: The BSE has imposed a special margin on the following 37 scrips from Monday. Some of the scrips which attracted 25 per cent special margin included, Arvind Remedies, Balmar Lawrie, Brijlaxmi Leasing, Cosmo Films, Cybarmate, Electrosteel Castings, ETC Networks, Godavari Fert, Ind-Swift, Jindal Strips and Veronica Lab.
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Use book-building route to delist, Sebi tells cos
Mumbai: The Securities and Exchange Board of India (Sebi) has made it compulsory for companies to adopt the book-building route if they want to delist their shares in an attempt to prevent companies from buying out the public shareholding at dirt-cheap prices.
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Rupee on uptrend again
Mumbai: The rupee recovered lost ground on Monday. With the Hans Blix report out and signs of tensions easing in the West Asia, demand for the dollar has cooled and the rupee is back on its course of appreciation, said forex dealers.
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