Indiabulls Securities has launched Mobile Power Indiabulls for BlackBerry smartphone users
Indiabulls Securities has launched a new mobile trading application; 'Mobile Power Indiabulls (MPIB)' for BlackBerry smartphone users. This first of its kind application will allow Indiabulls Securities customers to conveniently buy or sell stocks through their BlackBerry smartphone, with a few simple clicks.
The "MPIB" application contains all the features of a normal trading platform that traders would expect, including market rates, order book, order entry screen, order modification/deletion, and account reports, but designed for a BlackBerry smartphone, which can provide customers with access to their online account from anywhere while on the move.
Indiabulls Securities has taken special care to ensure secure transactions on the trading platform with 128 bit encrypted communications certified by VeriSign. Along with their username and password, users will also be required to provide a second level transaction password using a secure ID token.
To use the application the user needs to sign a member-client agreement with Indiabulls Securities and enable mobile trading.
Faering Capital India Evolving Fund has a corpus of Rs830 crore
Faering Capital has announced the closing of its maiden private equity fund-Faering Capital India Evolving Fund in December 2010 with a corpus of Rs830 crore. The Fund is registered as a venture capital fund under the SEBI (Venture Capital Funds) Regulations, 1996.
Faering Capital will adopt a disciplined investment approach to develop proprietary investment theses and identify attractive small to medium sized growth companies with proven business models. Additionally, as a prerequisite to investment, Faering Capital shall assign significant consideration to the investee company's record of corporate governance, and the quality of its management team.
Indian Bank has increased rate to 9.50% per annum
Public sector lender Indian Bank has increased its base rate by 0.5% with immediate effect.
"The base rate is revised by 0.50% from the existing rate of 9% to 9.50% per annum with effect from 1 February 2011," the Chennai-based bank said in a statement today.