Reliance fund raises Rs 230 cr
Mumbai: Reliance Short Term Fund has notched up subscriptions worth over Rs 230 crore, a press release from Reliance has said. The scheme, targeted at investors with short-term surpluses, was launched on December 9.
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FII factor raises interest in SBI
Mumbai: The stock price of country's largest bank, State Bank of India (SBI), gained today on media reports that the Government would exclude the bank's Global Depository Receipts (GDRs) from the FII limit.
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HCL Tech jumps on restructuring
Kolkata: The stock of HCL Technologies today flared up on the stock exchanges on the company's announcement of a major restructuring plan. The stock, after touching the day's high at Rs 193.80, closed at Rs 191.70 on the Bombay Stock Exchange against previous day's close of Rs 183.25
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SEBI issues norms on derivative products
Mumbai: The Securities and Exchange Board of India (SEBI) yesterday said stock exchanges can introduce stock options and futures for unlisted companies coming out with initial public offering if the net public offer is Rs 500 crore or more at the time of its listing in the cash market.
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Dr Reddy's gives a shot in the arm for markets
Mumbai: Shaking off a two-day slump, stock prices of pivotals rose on Wednesday. The BSE Sensex closed the day with a gain of 0.67 per cent. The Nifty ended with a lower gain of 0.32 per cent.
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Re strengthens; gilts weak
Mumbai: The rupee gained strength on Wednesday to close at 48.1250/1300 against the dollar as compared to Tuesday's close of 48.1375/1425 in the forex market. There was good supply of the dollars, which helped the rupee to strengthen.
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