SBI mutual launches 90-day close-end debt fund
Mumbai: SBI Funds Management has launched a 90-day close-end debt scheme under the SBI Debt Fund Series (SDFS) which would be available for subscription till March 12, and would invest in debt, money market instruments and Government securities, the fund house said.

The fund would not charge an entry load but would levy an exit load of 0.50 per cent for redemption before maturity.

The minimum investment in the fund was set at Rs 50,000, the fund house said.
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Nalco declares 15 per cent interim dividend
Mumbai: National Aluminium Company has declared a second interim dividend of 15 per cent to the shareholders. The board of directors has approved the payment of Rs1.5 on shares of Rs10 each (15 per cent) as second interim dividend on the paid-up capital of Rs 644.31 crore for the financial year 2006-07, the company informed the BSE. The record date for the purpose of payment of second interim dividend has been fixed as March 24, it added.
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Idea lists at 23 per cent premium
Mumbai: Idea Cellular debuted at Rs92 on Friday - a 23 pc premium -against the issue price of Rs75 on the Bombay Stock Exchange. The stock surged to a high of Rs94.25 before slipping to a low of Rs84.

The stock is now trading at Rs89, and the counter has logged hefty volumes of over four crore shares on the BSE so far.
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Subex lists on LSE
Bangalore: Subex Azure, a global vendor of revenue management software for telecom companies, has begun trading of its Global Depository Receipts (GDR) on the London Stock Exchange's Professional Securities Market (PSM).

According to a statement from London Stock Exchange, the GDRs have been delisted from the Luxembourg Stock Exchange.

Subex has also completed a $150 million sponsored GDR issue wherein existing shareholders of the company tendered their securities to overseas institutional investors. The sponsored issue has enabled Subex to migrate its GDR programme from Luxembourg to London and also create sufficient liquidity for trading on London's International Order Book.
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Euro Ceramics debuts at a discount of 26 per cent over issue price
Mumbai: Euro Ceramics has debuted at Rs151 on the BSE, down 8.5 per cent from its issue price of Rs165 a share.

The shares were trading at Rs126.90 at 9:59 a.m., down by 26 per cent. The company raised Rs92.75 crore through its 5.62-million-share-offer that would be used to part-fund a sanitary ware facility in Gujarat.
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