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Drumbeat: Ad Buzzaar
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Wednesday, May 27, 1998
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Andhra Bank, South Indian Bank, IOB plan to tap market
Andhra Bank, South Indian Bank, Indian Overseas Bank and Andhra Bank Home Finance are planning to come out with public issues of equity shares in the current fiscal. The banks have already started the groundwork for the issues. As many as 10 bank issues are slated to hit the market in 1998-99.
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Satyam Computers scales record BSE turnover, edges out blue chips
Satyam Computers topped the turnover table on the Bombay Stock Exchange (BSE) on Tuesday. Over one crore shares were traded on both the BSE and NSE, which is over 40% of the Rs 26-crore equity of the company. Excessive speculation as well as some negotiated buying would have led to such a large turnover on a single day. The Satyam counter saw the highest turnover of Rs 241.68 crore on the BSE, edging out blue chips like Reliance Industries, ITC, SBI etc.
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BSE, SEBI differ on circuit filters
The Bombay Stock Exchange (BSE) and the Securities and Exchange Board of India (Sebi) seem to have different views on the imposition of circuit filters on negotiated deals. The BSE on Monday imposed circuit filters on cross deals, special negotiated deals, bulk deals and odd-lot deals in the form of 50% over and above the normal circuit filters.
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Archies scrip hits new high on rumours of American Greetings picking up stake
Archies Greetings & Gifts is again on the move. After good results, rumours of Archies' technical collaborator, American Greetings picking up a stake in the company has propelled Archies' stock to a new high.
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