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June 3, 2009 by | No Comments
To attract more users for its third generation mobile services, state-run Mahanagar Telephone Nigam Ltd (MTNL) on Tuesday launched a pre-paid option that will enable customers in Delhi experience high-speed data connectivity at an upfront cost of Rs 300. Mahanagar Telephone Nigam Ltd (MTNL) plans to attract up to 300,000 subscribers for its services. MTNL [...]
June 3, 2009 by | No Comments
Giving his views on the global picture, David Fuller of Fullermoney.com said the global rally seemed to go a wee bit higher from the current levels. He said, “Later on this year, probably in the fourth quarter, I think we would see the Sensex at 18,000.” According to him, technology and resources stocks are a [...]
June 3, 2009 by | No Comments
The Securities and Exchange Board of India on Monday ordered maintaining its ban on Anugrah Stock and Broking Private Ltd from trading in the securities market. The ban was on account of Anugrah transacting for a client banned by SEBI in the Pyramid Saimira case. Taking serious note of the violation of its prohibitory order [...]
June 3, 2009 by | No Comments
State Bank of India today launched a special product called Defence Salary Package (DSP) for Army personnel and aims to open about 12 lakh accounts under the scheme. “We expect to open about 12 lakh plus accounts under DSP,” SBI Chairman O P Bhatt said at the launch of the new service here. The bank [...]
June 3, 2009 by | No Comments
NTPC Ltd is Planning with the Bhutan Government for setting up a 620-MW Amocho hydro power project as a joint venture. NTPC is currently preparing the detailed project report for the project, estimated to cost Rs 3,600 crore. Giving this information to newspersons here on Friday, the Chairman of NTPC, Mr R.S. Sharma, expressed the [...]
June 3, 2009 by | No Comments
The markets opened higher and continued their recovery from Tuesday’s trade. Buying was seen in infrastructure, metals and banking stocks. Midcaps and smallcaps also moved up following the benchmark indices. The Sensex touched the 15000 mark in the opening trade but retreated from the same level. At 9:58 am, the Sensex was up 123 points, [...]
June 3, 2009 by | No Comments
The insurance space is all set to see more competition. As many as five more may enter the market by the end of the year. The more the merrier seems to be the catch-phrase the insurance sector is swearing by. Five players are raring to make their mark on the industry. After its success with [...]
June 2, 2009 by | No Comments
Fidelity Mutual Fund on Monday announced the merger of its Fidelity MultiManager Cash Fund (FMMCF) with Fidelity Cash Fund (FCF). FMMCF is a cash fund of funds scheme, while FCF is an open-ended liquid scheme. The merger will be effective from July 10. This merger is being carried out as a result of similarities between [...]
June 2, 2009 by | No Comments
National carrier Air India is unlikely to launch an initial public offer before 2009 until full integration of the two merged state-run airlines, but it may give stock options to employees ahead of the issue. Civil aviation minister Praful Patel on Monday said that government would look at partial divestment of AI and an IPO [...]
June 2, 2009 by | Comments Off
Oil India Ltd, the nation’s second-largest state-run explorer, is likely to launch an initial public offering (IPO) by September this year, company Chairman N M Borah said on Tuesday. The company has initiated discussions with its IPO adviser’s to decide on the timing. “Stock markets are reviving and so we have started dialogues again with [...]
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