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DTH sparks new row between producers and multiplexes
A new battlefront has opened between multiplexes and big banner production and distribution houses. Ignoring the revenue concerns of the multiplexes, Reliance Big Pictures, Percept Pictures, UTV Movies and Dharma Productions want to release their new films on direct-to-home (DTH) television shortly after their release on theatre screens.

Ashtavinayak wipes gains, slips 4%
The stock erased all its gains and finally settled 4% lower at Rs 90. The counter witnessed trades of 14 lakh shares as compared to the two-week dialy average traded volumes of 10.41 shares on the BSE.

News of the day

Markets at a glance
The markets staged a recovery after a steep correction during the first half of last week. The trading was characterised by bouts of sharp intra-day volatility, especially in the last three trading sessions. The BSE Sensex managed to cross the 16,000 level during the last sessions of the week. During the week, the Sensex rose 262 points or 1.65 per cent to 16,158, while Nifty rose 84 points or 1.79 per cent to 4,796. However, mid-caps outperformed the broader indices during the week, whereas small-caps underperformed. FIIs were net sellers initially, but started buying during the second half of the week.
Corporate

Dhanalakshmi Bank raises Rs 150 crore

Dhanalakshmi Bank today said it has raised Rs 150 crore by selling bonds to investors on a private placement basis. - OBC to open over 100 new branches by fiscal-end - City Union Bank to raise Rs 300cr - Axis Bank announces Somnath Sengupta as ED, CFO - Banks wash off hands of delayed, faulty mobile, email alerts - India owes $82.5 billion to foreigners: RBI - Banking sector tops m-cap rankings The bonds carry a rate of 10.30 per cent and have a tenure of five years and seven months. The interest payment will be on annual basis and the due date for the same would be September 30 every year, it said. UTI Technologies Services has been appointed as registrar and transfer agents and Axis Trustee Services Ltd as trustees.


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