Gems and jewellery exports jumped 75 per cent to $3.08 billion in June on increasing demand from major markets like the US and Europe. Exports stood at $1.76 billion in the same month last fiscal, according to the Gems and Jewellery Export Promotion Council (GJEPC) data. “There is…
Continue reading...MCX-SX moves HC against Sebi
Jignesh Shah-led group firm MCX Stock Exchange (MCX-SX) has moved the Bombay High Court against market regulator the Securities and Exchange Board of India (Sebi) for not allowing it to start equity trading despite complying with all regulations. In a writ petition filed yesterday, MCX-S…
Continue reading...Results today – 20-07-10
AML Steel 20-Jul-10 Automotive Axle 20-Jul-10 Bombay Dyeing 20-Jul-10 DIC India 20-Jul-10 Jindal Hotels 20-Jul-10 JK Paper 20-Jul-10 Mah Scooters 20-Jul-10 Mangalam Timber 20-Jul-10 Mangalore Chem 20-Jul-10 McDowell Holdg 20-Jul-10 NIIT Tech 20-Jul-10 Noida Toll 20-…
Continue reading...Tata Communications and Google collaborate
Tata Communications and Google collaborate to bring on-the-go business connectivity to enterprises in India Mumbai, India, July 15, 2010: Tata Communications, a leading provider of the new world of communications, and Google India today announce plans to combine their global resources to…
Continue reading...Technofab fixes IPO price band at Rs 240
Technofab Engineering is entering the primary market with an issue of 29.9 lakh shares of Rs 10 each in the price band of Rs 230-240 per share, thereby garnering Rs 71 crore The issue was open for subscription between June 29 and July 2. The public offering has generated good demand from…
Continue reading...Petrol prices may change every fortnight
State-owned oil firms may opt to revise petrol prices every fortnight to reflect changes in the global oil market in the free pricing regime that kicks in from next week. Petrol prices were freed from government control last month resulting in a Rs 3.50 per litre hike in rates in Delhi, …
Continue reading...Hindustan Media IPO oversubscribed over 3.1 times
The Rs 270-crore public offering of media house Hindustan Media Ventures Ltd (HMVL) saw heavy participation from investors on the final day of issue today and got oversubscribed 3.16 times, hours before its closing. The initial public offer (IPO) of HMVL got total bids for over 4.36 cror…
Continue reading...Hindustan Media fixes IPO price band at Rs 162-175
New Delhi: Hindustan Media Ventures Ltd, publisher of Hindi daily Hindustan, has fixed the price band of its initial public offer (IPO) at Rs 162-175 a share. The IPO, through which the media house plans to raise up to Rs 270 crore, will open on July 5 and close on July 7. The company i…
Continue reading...General Motors to file $20-billion IPO
In talks with banks to secure a $5-billion credit line General Motors Co plans to file its nearly $20-billion initial public offering (IPO) in mid-August, a source familiar with the situation said on Friday, later than some expected as bankers work to help sort out the auto maker’s fin…
Continue reading...Stocks tumble on global economic worries
NEW YORK (AP) — Stocks and interest rates are extending their losses after consumer confidence dropped because of concerns about the economy. The Conference Board says Tuesday its Consumer Confidence Index fell nearly 10 points to 52.9, down from a revised 62.7 in May. Economists h…
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