BSE allows trading in additional stocks in derivatives

The move comes follows a recent SEBI circular allowing exchanges to implement Liquidity Enhancement Schemes for equity derivatives. Along with other innovations like Smart Order Routing, these initiatives will provide a fillip to BSE's F&O segment

Mumbai: Following approval from the Securities and Exchange Board of India (SEBI), the Bombay Stock Exchange (BSE) today announced the introduction of 135 additional stocks for trading in its equity derivatives segment, reports PTI.

BSE will be introducing 135 additional eligible scrips to its existing list of 84 scrips in BSE equity derivatives segment, having expiry in August 2011 and onwards.

Consequently, futures and options on stocks currently eligible on all stock exchanges will be available for trading on BSE. These will be available for trading from August 2011 contracts and onwards. All these instruments will be settled through physical delivery, another initiative launched by BSE earlier this year, the exchange said in a statement here.

The move comes soon after a recent circular from SEBI allowing exchanges to implement Liquidity Enhancement Schemes (LES) for equity derivatives. Along with other innovations like Smart Order Routing (SOR), these initiatives will provide a fillip to BSE's futures and options (F&O) segment.

"As of today, we are introducing 135 additional eligible scrips to our existing list of 84 scrips in BSE equity derivatives segment, having expiry in August 2011 and onwards," BSE's MD & CEO Madhu Kannan said in a statement here.

With recent positive developments designed to augmenting trading in the F&O segment, we are working towards making BSE market-ready for increased participation in our equity derivatives business, Mr Kannan said.

BSE provides an efficient and transparent market for trading in equity, debt instruments, derivatives and mutual funds. It also provides a host of other services to capital market participants including risk management, clearing, settlement, market data services and training.

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Raja threatened staff to favour Swan, Unitech: CBI

CBI director AP Singh who gave a detailed presentation on various aspects of spectrum allocation scam told the panel that two officers who did not put the file, giving preference to Swan Telecom over Tata Teleservices, were transferred by Siddarth Behura 'in league with' Mr Raja's private secretary RK Chandolia

New Delhi: Former telecom minister A Raja and his staff had threatened and coerced officials in giving preference to Swan Telecom and Unitech over Tata group in the award of telecom licences, Central Bureau of Investigation (CBI), India's premier investigation agency has informed the Joint Parliamentary Committee (JPC) probing the second generation (2G) spectrum allocation scam, reports PTI.

CBI director AP Singh who gave a detailed presentation on various aspects of spectrum allocation scam on 7th June told the panel that two officers who did not put the file, giving preference to Swan Telecom over Tata Teleservices (TTSL), were transferred by secretary (telecom) Siddarth Behura 'in league with' Mr Raja's private secretary RK Chandolia.

He told the JPC that the then wireless advisor RP Aggarwal was given "credible threat of consequences" and was forced to put up a note for allocating spectrum to Swan in the Delhi circle, which was approved by Mr Behura and Mr Raja.

Giving details of the conspiracy at the Sanchar Bhavan (Department of Telecom- DoT),  Mr Singh told the JPC that TTSL got in principle approval for use of dual technology in 20 circles along with letters of intent given to new licensees on 10 January 2008.

The company complied with the conditions and applied to Wireless Planning and Co-ordination for spectrum.

The applications filed by TTSL went missing from the DoT and the company was asked to file fresh applications on 5 March 2008 whereas the licences were signed for new applicants Swan and Unitech, the director told the JPC.

He also described the relationship between Reliance Telecom and Swan Telecom saying the Anil Ambani-headed company structured in a manner that their association would remain under wraps.

Reliance Infocomm spokesperson refused to comment on the issue.

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Hiring activities improve in May: Monster.Com

Oil, gas, petroleum, power and retail were the sectors that led the annual growth. Overall online job demand in the oil/gas/petroleum and power sectors rose 30% in May, the Monster Employment Index noted

New Delhi: Recruitment trends improved last month, primarily driven by increased hiring activities in sectors such as oil, gas, petroleum, power and retail, reports PTI quoting job portal Monster.Com.

Indicating better hiring trends, the Monster Employment Index—a monthly gauge of online job demand—climbed 12% in May 2011 as compared to the year-ago period.

“The index continues to record a positive year-over-year trend, with strong pockets of demand for professionals within the IT, oil/gas and automotive sectors," Monster.Com’s managing director (India/West Asia/South East Asia) Sanjay Modi said in a statement today.

Oil, gas, petroleum, power and retail were the sectors that led the annual growth. Overall online job demand in the oil/gas/petroleum and power sectors rose 30% in May.

“Sales and business development occupations recorded notable expansion in online demand, while opportunities in finance and accounts declined,” the statement said.

As per Monster.Com, Coimbatore saw the highest annual growth among cities in terms of job opportunities.

“All cities monitored by the index have registered positive annual growth indicating substantial opportunities for workers in these key markets,” Mr Modi noted.

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