Synergy Log-In System Ltd is planning an equity offer of Rs 6.74 crore at par to its shareholders. Maharashtra-based Synergy Log-In System is offering 67.4 lakh shares in the ratio of one share for every share held in the company. The equity offer is at a discount to the current market price of Rs 15 on the Mumbai Stock Exchange.

DFI scrips offering attractive yields: The recent market pessimism with the scrips of ICICI, IDBI and IFCI has paved the way for investors who are keen on dividend yields. Thanks to the hammering of these scrips, which have hit their new lows, their dividend yields have turned attractive, provided these institutions maintain the same dividend for the current financial year. The annualised yields in these scrips have subsequently gone up to as high as 18 per cent.

Tektronix to delist shares: The promoters of Tektronix India Ltd (TIL) are all set to make an buy offer to the public shareholders of the company at a prescribedminimum price to be decided at a later date. With the sole objective of delisting its shares from all the exchanges where they are currently listed, TIL is moving a special resolution in its forthcoming annual general meeting.

Tata income fund to pay Rs 6.5pc dividend: Tata Income Fund (Regular Option) has declared 6.50 per cent dividend for the first half year ending September 30. The annualised return to the investor for this scheme works out to 13.40 per cent. The net asset value of the scheme is at Rs 10.70 which will stand reduced to Rs 10.05 after income distribution. The growth option of the scheme has an NAV of Rs 12.26 as on September 30.

BSE to do away with granting manual exemptions: The Bombay Stock Exchange has decided to do away with the system of granting manual exemptions for trades contracted which are transferred from warehousing account to financial institution account. Hence the exchange has adequately re-designed its software to take care of any suchtransfers during the break up session.

Archies to be listed on BSE: New equity shares of Archies Greetings & Gifts will be admitted for trading on the non-specified category of the BSE with eefect from September 30. The shares are already listed on the Delhi, Calcutta, Pune, Ahmedabad, Jaipur and the NSE.

NSE completes 201st settlement: The National Stock Exchange (NSE) has successfully completed its 201st settlement since inception on September 30. The total value of the settlement was Rs 1,050.78 crore for securities and Rs 142.56 crore in funds.

Equities recover most of earlier losses on DSE:After initial setback, shares rebounded to close mixed on the Delhi Stock Exchange on Wednesday following revival of buying support followed by huge short-coverings. Reflecting the trend, the DSE sensitive index which dipped to 688.51 point in early trading recovered partly to close 1.66 points up at 695.91 points following sharp recovery in index-related stocks. Stock brokers said, thoughplayers preferred to off-load their long positions due to end of settlement followed by long weekened on account of dussehra and Gandhi Jayanti, late buying by some overseas funds in selective counters aided the market to recover.

Share prices continue to lean down on selling at NSE: Share prices continued to fall at the National Stock Exchange (NSE) on increased selling on Wednesday. The S&P Cnx Nifty resumed weak at 908.30 and declined further to close at 904.95, showing a further fall of 3.45 over the last close of 908.40. Cnx Nifty Junior opened better at 1544.40 and reacted to close at 1538.50, down by 4.90 from the previous close of 1543.40. S&P Cnx Defty lost 2.80 at 738.45 from the last close of 741.25. S&P Cnx 500 opened at 622.23 and closed at 622.94, revealing a small gain of 0.77 from the last close of 622.17. Cnx Midcap 200 also improved by 3.25 to 522.78 from 549.53.

Tokyo stocks tumble to 12-year low: Tokyo stocks tumbled 415.04 points, or 3.0 per cent, on Wednesday to hit a12-year low, driven by deepening concerns over the Japanese economy. The Nikkie-225 index closed at 13,406.39, its worst performance since February 21, 1986. Dealers said they were expecting grim news from the Bank of Japan's key Tankan Business confidence survey, due out before the market opens on Thursday.

Hong Kong shares close 0.6 per cent higher: Hong Kong shares prices closed 0.6 per cent higher on Wednesday reversing earlier losses in the absence of fresh leads following a widely an ticipated US interest rate cut. The key Hang Seng index gained 45.85 points to close at 7,883.46.

Philippine shares close 1.7 per cent higher: Philippine share prices closed 1.7 per cent higher on Wednesday on selective buying of certain blue-chips. The Philippine Stock Exchange composite index rose 21.47 points to close at 1,259.64 points. Total shares traded rose to 210 million shares valued at 1.044 billion pesos ($ 23.7 million) compared to 142 million shares worth 803 million pesos ($ 18.25 million)on Tuesday.

Taiwan bourse drops 0.7 per cent: Taiwan share prices closed 0.7 per cent lower on Wednesday, led by electornics shares, amid disappointment over the size of the US interest-rate cut. An across-the-board sell-off was triggered by disappointment over the rate cut in the US and weak window-dressing activity at the month-end. The Taiwan Stock Exchange weighted price index dropped 50.55 points to 6,833.95, following a 0.4 per cent decline in the previous session. The index moved between 6,906.46 and 6,796.42.

New Zealand stocks up 1.4 per cent: New Zealand stocks closed up 1.4 per cent on Wednesday in the wake of US benchmark interest rate cuts. The NZSE-40 index was up 23.02 points to 1727.94 on turnover worth 118 million NZ dollars ($ 58.5 million) with Telecom Corp up 20 cents at 7.65 dollars.

South Korean shares close 0.6 per cent lower on profit-taking: South Korean share prices closed Wednesday 0.6 per cent lower on profit-taking after a smaller-than-expected rate cutin the United States. Korea Stock Exchange main index closed down 2.01 points at 310.32, off a low of 308.96 and a high of 313.51.Australian stocks fall 0.6 per cent: Australian share prices closed 0.6 per cent lower on Wednesday after US interest rate cuts fuelled further concerns about the global economy. The Australian Stock Exchange's benchmark All Ordinaries index fell 16.6 points to 2,587.