Mumbai: Ekkay Magic, a Baroda-based IT services company that focuses on software development and related services, has launched a service that allows investors to apply for an IPO through SMS. “SMS IPO”, a service that can be offered by any broker, allows registered users to …

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Aug Inflation for the week ended August 8 rose slightly to (-)1.53 per cent against (-)1.74 per cent in the previous week. Inflation in the corresponding week in the previous year was 12.82 per cent. Prices of food articles continued to rise over the previous week. Bajra and urad prices…

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This will enable the States to borrow up to 4% of their respective Gross State Domestic Product (GSDP) during 2009-10 The States will have to suitably amend their respective fiscal responsibility legislation if so required The Union Cabinet on Thursday approved the relaxation of the Deb…

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COIMBATORE: With markets remaining patchy due to concerns about poor monsoon and the strength of the global recovery, mutual funds (MFs) are slowly moving to the sell-mode. MFs have net sold equity worth Rs 756.7 crore in this month (up to August 17), data with SEBI shows. The volatility…

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WASHINGTON: The global economic recovery has begun but sustaining it will require refocusing the United States toward exports and Asia toward imports, the International Monetary Fund’s chief economist said. In an article released by the IMF on Tuesday, Olivier Blanchard also said p…

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By Emily Kaiser- WASHINGTON (Reuters) – The U.S. economy is probably due for two strong quarters of economic growth to close out 2009, but the recovery may falter next year, former Federal Reserve Chairman Alan Greenspan said on Monday. “I think we’re OK for the next si…

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Japan`s economy grew by 0.9% in the April-June quarter from the previous quarter on the back of improved exports and an increase in private spending After Germany and France, it is now the turn of Japan to pull out of the worst recession in several decades. Data released by the Governmen…

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New Delhi: The government has fixed a price of Rs 36 a share for the allotment of shares in the initial public offer of NHPC, thus raising Rs 6,048 crore, of which one-third would go to the Centre as disinvestment proceeds and the rest would remain with the hydro power utility PSU. Accor…

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Some light showed up at the end of the recession tunnel on Wednesday as France and Germany announced unexpected returns to the growth path, which means that four of the world’s five largest economies and six of the top 10 are now not in recession. Adding to the sense of optimism, the …

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Great Eastern Energy Corp (GEECL), a coal-bed methane explorer, plans to raise around Rs 400 crore through an initial public offer (IPO) by December-end to fund expansion plans. “We definitely plan to hit the market by the end of this calender year. We plan to raise around Rs 400 c…

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