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Sabre
Cap enters mutual fund business
Mumbai: Sabre Capital headed by Mr Rana Talwar,
former CEO of Standard Chartered Plc, which recently took
over Centurion Bank, on Tuesday announced its entry into
mutual fund business in India.
Sabre
has roped in Mr Samir Arora of Alliance Capital to head
the new venture.
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Principal
MF scheme to invest in foreign equities
Kolkata: International equities may soon be high
on Principal Mutual Fund's agenda if the Securities and
Exchange Board of India agrees to a proposal mooted by
it recently.
The
proposed Principal Global Opportunities Fund is the first
scheme mooted by the mutual fund after the two former
allies, IDBI and Principal Financial, parted ways a few
weeks ago.
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Jaiprakash
Ind scrip touches 52-week high
Kolkata: Jaiprakash Industries stock scaled a new
52-week high of Rs 63 on Tuesday, but could not hold on
to it till the close. The stock closed at Rs 57.35 (Rs
57.45) on the BSE and Rs 57.65 (Rs 57.05) on the NSE.
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SEBI
paper proposes brokers' rating
Mumbai: The Securities and Exchange Board of India
has proposed radical steps such as separate trading of
`rights' in rights issues, rating of intermediaries and
issue of warrants for share buyback and open offers.
A
SEBI discussion paper released on Monday has suggested
issue of rights shares in the electronic form and that
these rights be listed and traded on the stock exchanges
for the limited period of their life in the capital market
segment. Shareholders can also apply for the additional
shares even in the proposed structure but would be allotted
shares only if some rights do not get exercised.
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ICSI,
SEBI to train investors on safety
New Delhi: Investors never had it so good. Today,
`investor protection' has, in fact, become an issue of
top priority for regulators too. To create awareness and
assist gullible investors, the Institute of Company Secretaries
of India (ICSI), in collaboration with the stock market
regulator, the Securities and Exchange Board of India
(SEBI), proposes to organise programmes for investor education
and redressal of investor grievances.
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