‘Stock Brokers’ Archives
Bank of Maharashtra has informed the market that the company in collobaration with various broking houses has launched its own online share trading service called MAHA e-trade service, This is specifically for the for the Bank's customers w.e.f. February 08, 2010.The various broking house that has tied up with the bank for this service are as [...]
In view thereof, a special live trading session will be conducted by the Exchange on Saturday, February 06, 2010. The timings of the special LIVE TRADING session for the Cash Segment are given below: Session starts at 09 : 50 a.m. and ends at 10 : 50 a.m. and Continuous Trading* from 11 : 00 a.m. to 12 : 30 p.m. and Closing time from [...]
Financial Technologies India Ltd has informed the market that it has signed today an agreement that the Company has signed an agreementand also have sold (secondary sale) 5 percent stake in the present equity share capital of MCX Stock Exchange Ltd (MCX-SX) to IFCI Ltd (IFCI) at Rs 35/- per equity share.
All the speculations was cleared yesterday in US about the Joint venture of Smith Barney and Morgan Stanley , Smith Barney which was the share broking division of Citibank has sold themselves for 2.7 billion dollar for a stake of 51 percent to Morgan Stanley.Morgan Stanley said it reserves the right to raise its stake in the joint venture over the [...]
I know lot of people would have opened Demat Account during the bull period to make some money and i have sevral request asking how to close the Demat account ,If you have no stock in it then its easy we can just call them or submit a form to close it , but if you have a scrip in it which is like non trading stock then you will end up in a [...]
This year should be officially declared as Year of Merger and Bankruptcy in US.Morgan Stanley is looking for a option to merge itself with with Wachovia Corp. and several other banks, The problem is even after a showing a profit they cant stop the falling price of there stocks and in order to regain investor confidence they need to do something [...]
When we hear of the news of lehman brother is going to file for bankruptcy the first thing that comes to our mind is the day when bear and stearns sold all its holding in indian company ,So same thing might happen to the holding that Lehman brother has in indian company , they might just sell the stock in the market at whatever price they can to [...]
Everybody know now why all the world market is tanking tis because of single known reason that Lehman Brothers showed a huge loss and now there is o one to buy into Lehman Brothers Business , and the Talk that went over the weekend with barclays and other buyers did not go through , So Lehman Brothers Holdings Inc. said that thwy will file for [...]
I kknow what comes into everyone's mind , is it Merrill lynch or Lehman brothers that should a loss like previous week , i was also expecting Lehman brothers to be bought by some one not Merrill Lynch.Merrill Lynch, one of the third-biggest U.S. securities firm by market value has agreed already to get sold to Bank of America after they had a [...]
Financial Technologies (India) has informed to the market that it has sought Sebi's approval for its subsidiary, the Multi Commodity Exchange, to trading in currency futures , we all know that Financial technology holds like 32% in the Multi Commodity Exchange (MCX). On the financial side the net profit of Financial Technologies rose 583.58% to [...]
Edelweiss Capital informed the results for quarter ending june 2008.It has posted net profit of Rs 63.7 crore for the qtr end June 2008 as against Rs 82.55 crore in previous quarter. Edelweiss Capital Q1 net sales at Rs 159 Cr Vs Rs 404.8 Cr (QoQ).The Profit is also ok considering the market sentiment , the sales figure is the one which is [...]
HSBC will acquire 73.21% IL&FS Investsmart. HSBC proposes to acquire a 43.85% from e*trade Mauritius and 29.36% IL&FS. HSBC will also make open offer to acquire up to 20% remaining shares in Investsmart at Rs 200/share, which comes at $ 241.6 million which is like almost 1000 crore.HSBC will pay IL&FS Rs 82 crore as a part of 3 year non-compete [...]
Geojit Financial Services showed a Net Profit raise of 25.08% to Rs 7.63 crore in the march 2008 end qtr compared to same YOY qtr of rs Rs 6.10 crore .But Sales saw a good increase of 83.43% to Rs 49.36 crore vs 26.91 crore. For the full year, net profit rose 128.22% to Rs 48.04 crore 2008 as against Rs 21.05 crore during the previous year [...]
Religare Enterprises Ltd has informed the market that AEGON Religare Life Insurance Company Ltd , which has formed as a joint venture between AEGON, one of the world's largest life insurance and pension Companies and Religare itself .Theyhave also received the initial approval - R1 license, from the Insurance Regulatory & Development Authority [...]
Religare Enterprises reports net profit of Rs 2.24 crore in the Qtr of Dec 2007. Sales reported at Rs 5.19 crore in the Qtr of Dec 2007.
Indiabulls Financial Services rose 189.67% to Rs 105.15 crore in qtr Dec 2007 as against Rs 36.30 crore in qtr Dec 2006. Sales rose 374.15% to Rs 326.74 crore in qtr Dec 2007 as against Rs 68.91 crore in qtr Dec 2006.
Geojit financial declares Net profit which increased by whooping 307.96% to Rs 18.97 crore in the QTR End Dec2007 as against Rs 4.65 crore during the previous QTR End Dec2006. Sales rose 145.25% to Rs 69.70 crore in the QTR End Dec2007 as against Rs 28.42 crore during the previous QTR End Dec2006.
ICICI bank had a analyst meet on monday and almost all the big guys like Meryll Lynch , Edelweiss and other brokers whr there for the meet , There ICICI informed analysts and whats happening in all of the subsidies like ICICI Lombard General Insurance, ICICI Pru Asset Management, ICICI Securities, ICICI Venture and infromed that they want to sell [...]
Indiabulls Financial Services is trading at Rs 729 post demerger of Securities business the base price was set at 595 rs and it has already hit the upper cirucit and there are lot of orders pending to be traded.
India Infoline - Orient Global Invests Rs 555 crores (approximately USD 141 million) in the Company and its Insurance Subsidiary subject to shareholder and other approvals, if any. Orient Global will acquire 3.7 million shares in India Infoline Ltd representing 6.48% of the current equity capital.
Indiabull Wholesale Services Ltd (IWSL), is proposing to make an open offer under the Securities & Exchange Board of India (Substantial Acquisition of Shares & Takeovers) Regulations, 1997 for Piramyd Retail Ltd, a retail Company, wherein IWSL is proposing to acquire 63.92% of the equity share capital of Piramyd Retail Ltd from the existing [...]
Religare Enterprises ends with 182% premium At Rs 521.70 on BSE a premium of 182% over IPO price of Rs 185.The stock debuted at Rs 323.75, a premium of 75% over the IPO price. It touched a high of 600 and a low of 323.75.
Reliance Capital Ltd has posted a net profit after tax of Rs 2012.80 million for the quarter ended September 30, 2007 as compared to Rs 1671.50 million for the quarter ended September 30, 2006. Total Income has increased from Rs 2228.40 million for the quarter ended September 30, 2006 to Rs 3912.70 million for the quarter ended September 30, 2007. [...]
Indiabulls Financial Services Ltd has received a letter from MMTC dated October 23, 2007 where MMTC has stated that Govt of India, Ministry of Commerce & Industry has approved the proposal of MMTC for setting up of a multi commodities exchange in partnership with the Company. For the purpose of setting up the multi commodities exchange a SPV will [...]
Geojit Financial has declared its Q2 results. The company registered net profit at Rs 10.5 crore versus Rs 5.72 crore.Total income rose 192% to Rs 437.50 million for the quarter ended September 2007 from Rs 226.80 million for the same period, last year.