| |
With a stake of 50%, I am not worried of takeovers, says Indo Rama chief
The promoter and managing director of Indo Rama Synthetics OP Lohia has said that the company cannot be taken over despite the spurt witnessed in the trading volumes on the bourses over the last three days. He seemed unperturbed by the rumours and wild guesses prevailing in the market in lieu of the fact that he held stake of over 50%.
 |
|
IDBI to dematerialise entire holding
The Industrial Development Bank of India (IDBI) has decided to dematerialise 100 per cent of its holdings in various securities which are currently available for dematerialisation. The first step towards 100% demat has already been initiated by the institution by submitting an additional 41 lakh shares of State Bank of India (SBI) for dematerialisation.
|
 |
Investors go all out for Ind Jyothi units
Investors have swooped down on the Ind Jyothi counter at the BSE to make a killing. Units of the income and cumulative options have shot into the limelight with a jump in both price and volume. The first signs of largescale buying were evident on February 18 when 10,100 units were traded against an average volume of 1,000 units. The price also shot up to Rs 23.05.
|
Tata Mutual Fund to drop guarantee for its income scheme
Tata Mutual Fund has decided to drop guarantee for its Tata Income Fund from April 1998. The move was in keeping with the view of the Association of Mutual Funds in India (AMFI) that mutual funds should move away from guaranteed returns. The company has also reopened the scheme for fresh sales at no load.
|
