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Moneylife Digital Team 27 August 2010
In one swoop, the capital market regulator has introduced two new systems for securities trading, which were the subject of much acrimony between rival exchanges BSE and NSE Market watchdog Securities and Exchange Board of India (SEBI) today introduced two game-changing initiatives in...

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Moneylife Digital Team 27 August 2010
New Delhi: Output of core infrastructure industries expanded by 3.9% in July, as compared to 3.2% in the same month last year, reports PTI quoting data released by the government. The six core industries - crude oil, petroleum refinery products, coal, electricity, cement and finished steel -...

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Moneylife Digital Team 27 August 2010
New Delhi: The government today said the telecom operators, who had bagged third generation (3G) spectrum in the auction held recently, would be allocated airwaves from 1st September, paving way for launch of high-speed mobile broadband services. The Department of Telecom (DoT) had set 1st...

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Moneylife Digital Team 27 August 2010
The Securities and Exchange Board of India (SEBI) has taken up with the Press Council of India its concerns on media groups entering into agreements, such as 'Private Treaties', with companies, saying that such agreements may give rise to conflict of interest and may, therefore, result in...

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Moneylife Digital Team 27 August 2010
New Delhi: Tata Steel's European arm Corus today entered into a pact with Thailand-based Sahaviriya Steel Industries (SSI) to sell its Teesside Cast Products (TCP) plant in the UK for about $500 million. "Corus UK Ltd and Sahaviriya Steel Industries Public Company Ltd today signed a memorandum...

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Ravi Narain, MD of the National Stock Exchange, believes that the bourse under his control is not hollow, shallow or illiquid. But his ‘explanation’ only raises more questions A few days ago, Moneylife quoted from answers provided by the minister of state for finance, Namo Narain Meena, which...

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Moneylife Digital Team 27 August 2010
New Delhi: The Indian auto component industry is expected to achieve an annual turnover of $110 billion by 2020, for which a total investment of $35 billion is likely to be made, reports PTI quoting Automotive Component Manufacturing Association of India (ACMA). According to a report, jointly...

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Moneylife Digital Team 27 August 2010
In a matter-of-fact letter to the finance minister, Rajeev Chandrasekhar, Rajya Sabha MP, has asked the government to address the burning issue of stock market reforms Minister of state for finance Namo Narain Meena's startling and worrisome disclosures in Parliament regarding investor...

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Moneylife Digital Team 27 August 2010
The company’s shares are set to be delisted from the NSE due to non-compliance of listing agreements Bengaluru-based software products provider Cranes Software International Ltd has been repeatedly postponing its announcement of financial results for the past two quarters. This has caused...

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Moneylife Digital Team 27 August 2010
Great Eastern Shipping Company Ltd said its Singapore-based subsidiary Greatship Global Offshore Services Pte Ltd has taken delivery of 'Greatship Ramya', a platform/ROV support vessel, from Colombo Dockyard PLC, Sri Lanka. Greatship Ramya is a DP2 vessel, capable of supporting offshore...

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Moneylife Digital Team 27 August 2010
Pharma company Strides Arcolab Ltd said it has allotted 3,220,000 fully paid equity shares of Rs10 each to Agnus Holding, a promoter group company, against conversion of warrants at a price of Rs91.15 per share. Consequent to the above allotment, the paid up equity share capital of the...

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Moneylife Digital Team 27 August 2010
An electrical goods manufacturing firm, Havells India Ltd, said its board has recommended bonus issue of equity shares in the ratio of one equity share of Rs5 each for every one share held by members. The company's board also considered final dividend of 50% or Rs2.50 per equity share of Rs5...

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Moneylife Digital Team 27 August 2010
IT services company Glodyne Technoserve Ltd, in partnership with the government of Bihar, has rolled out the country's largest rural financial inclusion scheme in the state. The roll out of the services is set up under the 'e-shakti' project, said the Mumbai-based company in a regulatory...

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Moneylife Digital Team 27 August 2010
Sri Nachammai Cotton Mills Ltd said its net profit for the first quarter increased to Rs2.98 crore, a rise of more than four fold, from Rs0.67 crore in the same quarter last year. During the June 2010 quarter, its revenues increased to Rs34.23 crore from Rs22.95 crore, said the Salem-based...

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Moneylife Digital Team 27 August 2010
Symphony Ltd, formerly known as Symphony Comfort Systems Ltd, said its net profit for the first quarter declined to Rs20.22 crore from Rs33.19 crore in the same quarter last year. In the June 2010 quarter, its total revenues increased to Rs89.05 crore from Rs67.97 crore, said the...

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Moneylife Digital Team 27 August 2010
C&C Constructions Ltd said its first quarter net profit stood at Rs69.08 crore as compared to Rs41.10 crore in the same quarter last year. During the June 2010 quarter, its total revenues increased to Rs1,168.44 crore from Rs750.13 crore, said the company in a statement. On Friday, C&C...

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Moneylife Digital Team 27 August 2010
New Delhi: UK's Cairn Energy has informed the oil ministry that it will comply with all contractual obligations in selling majority stake in its Indian arm and that London-listed Vedanta Resources was a fit candidate to take over operations, reports PTI. "Cairn Energy has replied to...

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Moneylife Digital Team 27 August 2010
New Delhi: Rating agency Crisil has sought approval from the Foreign Investment Promotion Board (FIPB) to sell 5% of its stake in the National Commodity and Derivative Exchange of India (NCDEX) to JM Financial Trustee Company, to meet the regulatory standards, reports PTI. Currently Crisil, a...

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Moneylife Digital Team 27 August 2010
Tata Mutual Fund launches Tata Fixed Maturity Plan Series 27-Scheme A & B; ICICI Prudential MF launches ICICI Prudential Fixed Maturity Plan-Series 52; Peerless MF files offer document with SEBI to launch Peerless MF Child Plan; L&T Mutual Fund files offer document with SEBI to launch L&T...

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Moneylife Digital Team 27 August 2010
Commodity market regulator Forward Markets Commission (FMC) has banned futures trading in electricity owing to poor volumes of trade, reports PTI. "The ban on electricity futures has been made effective from 23rd August for an indefinite period," a senior official with the consumer affairs...

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