Grasim hopeful of nod to open offer for L&T stake
Mumbai: It appears that Grasim's open offer for 20 per cent equity stake in Larsen & Toubro (L&T) stands a chance of being cleared. On Friday, the company made a public announcement that ends optimistically:
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Meet to finalise roadmap today
Mumbai: In an effort to kick-start the demutualisation of stock exchanges, the Federation of Indian Stock Exchanges, comprising about 20 regional exchanges will be meeting on Saturday to chalk out a roadmap.
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Cautious trading in Tata Engineering
Mumbai: The Tata Engineering stock witnessed unloading pressure on Friday on major bourses as a section of market players wanted an exit, apprehending war in Iraq would commence next week. However, the stock saw buyers at lower
levels.
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Heightened activity in Moser-Baer
Mumbai: The Moser-Baer stock was among the counters, which resisted today's sell-off pressure, but yielded some ground towards the end. The stock moved up to Rs 222.50 after opening at yesterday's closing level of Rs 217.55 on the Bombay Stock Exchange. However, Friday's peak was much lower than
yesterday's intra-day high of Rs 231. It finally settled at Rs 215.15. The day's low of the stock was seen at Rs 214.
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FMCG entry helps ITC buck trend
Mumbai: On a dull day when there was selling pressure, cigarette major ITC bucked the trend. The firmness in ITC counter was mainly attributed to the domestic institutions buying.
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SEBI suspends DSE member
Mumbai: SEBI has suspended the certificate of registration of A. Jain & Co Pvt Ltd, a member of the Delhi Stock Exchange, for a period of six months.Rupee slips; gilts recover
Mumbai: The rupee closed lower on Friday at 47.6500/6550 against the dollar as compared to Thursday's close of 47.6250/6300 in an actively traded forex market.
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Gilts crash, Re takes a plunge as war looms
Mumbai: The threat of a US-led attack on Iraq saw the inter-bank market tumbling on Friday , with government securities prices falling by up to Rs 2.50 and the rupee losing seven paise against the dollar in intra-day trades.
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