ICICI Bank bond issue opens tomorrow
Mumbai: ICICI Bank is launching its fifth public offering of unsecured redeemable bonds in the nature of debentures aggregating Rs 400 crore shortly. The issue of `ICICI Bank Bonds-October 2003' will open for subscription on October 30 and will close on November 15, a release said.
ICRA and Care have both assigned ratings of "LAAA" and "CARE AAA" respectively to the bonds.

The issue offers various options under two types of bonds - tax-saving bonds and regular income bondNRIs are also eligible to invest in these bonds.
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3 block deals boost Cummins scrip
Kolkata: The Cummins India stock on Tuesday spurted on the major bourses following a sudden emergence of block deals on the National Stock Exchange. Three block deals - two involving five lakh shares each and one for one lakh shares - catapulted the stock into a higher orbit.

The block deal prices ranged between Rs 88.65 and Rs 89.75 per share. Incidentally, day's low for the counter was Rs 85.50 on the NSE. Some 91.77 per cent of the traded quantity was placed for delivery on the NSE. The stock closed at Rs 93.30 (Rs 90.35), after touching the day's high, and also its 52-week peak, at Rs 96.25, on the Bombay Stock Exchange. The traded quantity jumped from five-digits to seven-digits on the NSE and to six digits on the BSE.
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Funds buying firms up Bharti Tele
Mumbai: The stock of Bharti Tele-Ventures moved into stronger territory following sustained buying by funds on the bourses on Tuesday. Brokers said the counter was the subject of intense activity during mid-morning trades, with the stock hitting a new high of Rs 88.95 intra-day on the NSE and Rs 89 on the BSE. The stock ended the day at Rs 82.95, up 8.5 per cent, with around 81.25 lakh shares traded on the NSE. On the BSE, it closed at Rs 82.85, up 8.30 per cent, with around 44.69 lakh shares traded
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