MARKETS
MUTUAL FUNDS
Birla Sun fixed maturity plan collects Rs 300 cr
BIRLA Sun Life Asset Management Company Ltd today said its Birla Fixed Maturity Plan (FMP) has mobilised Rs 317 crore during its initial offer as popularity of such schemes is on the rise. The FMP is an open-ended debt fund with an objective to ...
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TECHNICAL ANALYSIS
Bull onslaught
BULLS reigned over Thursday's trading activity. Their dominance during the day led to the initiation of more uptrend counters in the tradable list. The sentiment reading of the tradeable counters stands strongly bullish. Bear domination on Friday ...
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STOCK MARKETS
Up on global price hike
OPTICAL fibre cable companies shares are being bought by market players in the last few days. Dealers said the interest in these stocks is due to the rise in optical fibre cables price in international market. Market buzz is that the price has ...
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Small-cap media firms hog limelight
STOCK of media companies gained sharply on Thursday on expectation of good financial performance in the next few quarters and the stocks being under-owned by the market. However, the interest was limited to companies into content development and ...
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REGULATORY BODIES & RULINGS
SEBI panel to pave way for Indonext
THE Securities and Exchange Board of India is in the process of according in-principle approval to the proposal for the Bombay Stock Exchange-Indonext platform for trading in stocks of small and medium enterprises (SMEs), with an equity base of ...
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COMMENTARY
Value-picking in mid-cap stocks
AFTER a prolonged dull phase, the market showed some traction on Thursday. The entry of CalPERS (the largest pension fund in the US) into the Indian stock markets had been a much-awaited event. The news that CalPERS prefers to invest in the ...
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IPOS
TCS IPO subscribed six times
TATA Consultancy Services' initial public offer has been over subscribed six times, according to merchant bankers. Book running lead managers say that this figure is likely to go up as uploading of applications was still underway. As of 7:00 PM ...
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Fortis to expand hospital network; plans IPO
FORTIS Healthcare is planning to expand its network of hospitals across North India at a total investment of over Rs 1,100 crore in the next five years. While tapping the capital markets to fund the expansion is on the cards, some portion of the ...
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TCS offer lures Gulf NRIs back to Indian markets
THE Tata Consultancy Services IPO has evoked big interest among NRIs - a trend which has not been in evidence since the early nineties. On a visit to Kerala, Mr K.V. Shamsudheen, Director of Barjeel Geojit Securities LLC, told Business ...
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Indiabulls eyes portfolio takeouts post-IPO
Indiabulls Financial Services Ltd plans to foray into "traditional financing" through retail-portfolio takeouts from non-banking finance companies after its initial share sale, its Director, Mr Gagan Banga, said. The company plans to sell 2.71 ...
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Braving the rain
Investors waiting in the rain to submit their TCS public issue forms in Mumbai on Thursday.
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