DCA panel may specify 3-year lock-in period
New Delhi: A committee appointed by the Department of Company Affairs (DCA) is likely to stipulate a three-year lock-in period on sweat equity shares issued by unlisted companies.
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Alliance unveils new plans for India
Kolkata: Less than a month after he assured investors of his fund's commitment to India, John D. Carifa, New York-based President and Chief Operating Officer of Alliance Capital, has announced new plans for the local market.
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StanChart Mutual collects Rs 115 cr
Mumbai: Standard Chartered Mutual Fund on Tuesday announced that it has collected Rs 115 crore in its one-day initial public offer for its new scheme, Grindlays Floating Rate Fund, on February 18
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Shipping Corpn sinks as divestment seems far
Mumbai: The Shipping Corporation of India stock sank further ahead of the scheduled vetting of the proposal to buy two very large crude carriers (VLCCs) by the Union Finance Ministry.
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Coromandel hand seen in Godavari Fert's rise
Mumbai: Godavari Fertilizer Ltd (GFL) has been witnessing increased volumes over the last couple of days along with several block deals on the BSE. Brokers said the buyer of these shares is Coromandel Fertilisers Ltd (CFL).
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VSNL volatile despite fund support
Mumbai: VSNL witnessed volatile activity on Tuesday. According to dealers, a prominent financial institution is rumoured to have pitched in some buying support. The stock had been at its lowest in recent times.
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Rupee gains; gilts volatile
Mumbai: The rupee closed stronger on Tuesday at 47.7150/72 per dollar as compared to Monday's close of 47.74/75.
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