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SEBI
seeks details on Sahara's First India MF takeover bid
Mumbai: The Securities and Exchange Board of India
has sought clarifications from the Sahara group, which
has mounted a takeover bid on the Dr A.C. Muthiah-promoted
First India Mutual Fund.
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Birla
Mutual launches bond index fund
Mumbai: Birla Mutual Fund has launched a debt index
scheme, Birla Bond Index Fund, an open-ended income scheme.
The initial public offer of the scheme opened today and
closes on May 2. The minimum investment amount is Rs 25,000
during the IPO period and Rs 1 lakh after opening.
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MRPL
to delist from 5 SEs
Mumbai: Mangalore Refinery & Petrochemicals Ltd
(MRPL) on Tuesday said that it would be delisting its
equity shares from five stock exchanges.
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CSE
plans two-tier system to preserve arbitration records
Kolkata: The Calcutta Stock Exchange (CSE) has proposed
the creation of a two-tier system of maintaining arbitration
records. The exchange has decided to preserve the original
arbitration awards on a permanent basis, forming the first
tier of the proposed system.
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NSE
removes VSNL from F&O list
Mumbai: National Stock Exchange (NSE) has removed
Videsh Sanchar Nigam Ltd (VSNL) stock from the list of
eligible securities for Futures & Options trading.
It was removed from the F&O list as the stock failed
to meet the SEBI eligibility criteria for trading in the
derivatives market.
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SEBI
signs MoU with global body
Mumbai: The Securities and Exchange Board of India
(SEBI) on Tuesday said that it has signed a multi-lateral
memorandum of understanding with the International Organisation
of Securities Commission (IOSCO) for mutual assistance
and exchange of information for for the purpose of enforcing
and securing compliance with the respective laws and regulations
of the jurisdictions of members.
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US
fund sheds Infy, Reliance
Mumbai: There has been selling pressure on two leading
index stocks — Reliance Industries and Infosys —
from a leading US-based FII. The selling in these counters
has nothing to do with companies' fundamentals.
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SCI,
HMT in limelight
Kolkata: A number of PSU stocks moved up with volumes
on major bourses on Tuesday. However, some of the PSU
pack closed lower on selling, dragging the BSE PSU Index
down towards the end of the session. The stocks of SCI
and HMT were among the counters that closed with gains
and substantial increase in traded quantity, according
to market sources.
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Heavyweights
weigh on Sensex
Mumbai: The 30-stock BSE Sensex witnessed a decline
on Tuesday after an upward movement on Monday. A drop
in the stock price of Sensex heavyweights appears to have
dragged the index down. At the end of the trading day,
the Sensex was down 11.43 points (0.38 per cent) to 2,985.54
points.
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DSQ
price manipulation: SEBI debars entities
Mumbai: The Securities and Exchange Board of India
(SEBI) has debarred various entities from capital markets
for the manipulation of DSQ Biotech Ltd's share price.
The regulator has debarred the company's promoter Dinesh
Dalmia and Pillaiyar Pattiyar Textiles Ltd (a group company
of DSQ Boitech) for their role in the price manipulation
of DSQ's stock.
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Forwards
plunge; g-secs dull
Mumbai: The rupee is expected to appreciate further
in the near future if the sharp fall in the forward premia
is any indication. The forward premia on dollars for three
to six months crashed by over 50 basis points to its historic
lows on Tuesday due to surplus liquidity and heavy selling
of forward contracts by corporates.
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