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June 8, 2009 by | 1 Comment
Members of the Securities and Exchange Board of India (Sebi) have suggested a phased reduction of the securities transaction tax (STT), as part of a package of measures to develop the capital markets that was discussed with Finance Minister Pranab Mukherjee last week. Removing STT is considered necessary to improve retail participation in the capital [...]
June 7, 2009 by | No Comments
Kotak Mahindra Asset Management Company, one of India’s leading mutual fund houses, entered into a distribution tie-up with Bank of Baroda. Under the agreement, Bank of Baroda will offer the entire bouquet of Kotak Mutual Fund products from the bank’s branches. The distribution agreement was signed in the presence of Mr. M D Mallya, Chairman [...]
June 6, 2009 by | No Comments
The board meeting of Satyam Computer is expected to be held on June 11 after its new owner Tech Mahindra takes charge and the board may draw a consensus on laying off as many as 5,000 employees in phases, reports Economic Times. It is learnt that the meeting is scheduled to be held on next [...]
June 5, 2009 by | No Comments
All the sugar stocks have gained between 4-14% Company Name Last Prev. Change % Chg Price Close Bajaj Hind 209.25 184.05 25.2 13.69 Balrampur Chini 101.25 95 6.25 6.58 Bannariamman 1020 910.35 109.65 12.04 Dhampur Sugar 66.95 63.75 3.2 5.02 Dwarikesh Sugar 86 82.55 3.45 4.18 Sakthi Sugars 61.15 58.2 2.95 5.07 Shree Renuka 145.75 [...]
June 5, 2009 by | 1 Comment
All multiplexes have signed a principle agreement with the producers. The distribution strategy will decided by producers. Multiplexes will share revenues in ratio of 50:42.5:37.5 for first 3 weeks Company Name Last Prv Change % Chg Price Close Adlabs Films 455.4 438.05 17.35 3.96 Cinemax India 77.2 75.15 2.05 2.73 INOX Leisure 68.55 65.25 3.3 [...]
June 5, 2009 by | No Comments
Bharat Sanchar Nigam, BSNL IPO decision will be taken in near future. BSNL is the India’s largest integrated telecom company. Sale of 10% government stake in BSNL via IPO on Department of Telecom (DoT) agenda.
June 4, 2009 by | 2 Comments
Securities and Exchanges Board of India(Sebi) on Thursday directed Reliance Capital Asset Management, which is part of the Reliance Anil Ambani group to withdraw an advertisement for its newly-launched infrastructure fund on grounds that it spends less time on risk warnings to investors than required. In a disc submitted by the firm, the display and [...]
June 4, 2009 by | No Comments
To infuse funds for its business expansion and to independently manage the operations, Big FM, will be listed on both the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) within the next two months, reports Business Standard. It will be the second FM radio operator to have listed on the BSE, after Entertainment [...]
June 4, 2009 by | 1 Comment
Morgan Stanley’s Asia Chairman Stephen Roach commenting on issues such as economic trends, Asian markets, and the Indian economy, said he sees a cap on economic revival and added that the US consumer demand is still declining. He asserted that India and China were unlikely to fill the void created by the global slowdown. Roach [...]
June 4, 2009 by | No Comments
Bharti AXA Life Insurance Company, the private life insurance joint venture between Bharti Enterprises and AXA today launched an innovative premium guarantee product – ‘Guarantee Builder’. ”The launch of Guarantee Builder is in line with our objective to provide best-in-class products to suit the needs of different customer profiles. While our other ULIPs partner with [...]
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