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Posted on: October 20th, 2012 and is filed under Press Releases.

Suspension of Kingfisher licence on cards: officials

New Delhi: Suspension of licence stares in the face of crisis-ridden Kingfisher Airline as it extended its lockout till October 23 and submitted a reply to aviation regulator DGCA’s show-cause notice on the matter. Reacting to the airline’s reply, official sources said the Di…

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Posted on: October 9th, 2012 and is filed under Press Releases.

RBI slaps Rs 30 lakh fine on ICICI, Rs 55 lakh on ING Vysya

The Reserve Bank of India (RBI) has slapped penalties of Rs 55 lakh on ING Vysya Bank , a private sector lender based in Bangalore and Rs 30 lakh on ICICI Bank, the second largest lender in terms of loan book, for violating Know Your Customer (KYC) norms. “The penalties have be…

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Posted on: October 8th, 2012 and is filed under Press Releases.

Investors asked to trade cautiously in over 2,000 stocks

As part of their surveillance mechanism and to safeguard the interest of investors, leading bourses BSE and NSE have suggested extra due diligence in trading of illiquid stocks. As per directions from market regulator Sebi (Securities and Exchange Board of India), the BSE has listed out …

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Posted on: September 20th, 2012 and is filed under Press Releases.

FDI in multi-brand retail comes into effect

Showing resolve for reforms, the government today notified its decision to allow global retail giants like Walmart to open stores in India, on a day several political parties called Bharat Bandh to protest against the policy. With this notification, multinational retailers can invest up …

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Posted on: August 15th, 2012 and is filed under Press Releases.

Happy Independence Day!

Wish you all a very Happy Independence Day! …

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Posted on: July 2nd, 2012 and is filed under Press Releases.

Punj Lloyd soars on hopes of resuming work in Libya

Plans to resume work next month in the North African nation where it has $800 million (Rs 4,400 crore) worth of projects Punj Lloyd has soared 6% to Rs 51.70, extending its Friday’s 4% gain, on hopes of resuming work on pending projects in Libya. “The company, backed by Warburg Pin…

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Posted on: June 4th, 2012 and is filed under Press Releases.

After a year of logjam, Aurobindo Pharma starts getting USFDA nod

After a year of uncertainties, respite may be around the corner for Aurobindo Pharma, as it recently received a go-ahead from the US Food and Drugs Administration (FDA) for one of its key units and is expecting the same for another. Both the units were under the scanner of FDA since 2011….

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Posted on: May 13th, 2012 and is filed under Press Releases.

This Sunday, take some time off – Documentary on “No Man Landed On The Moon”

Click here to view the video: A documentary that shows how the landing on the moon was merely a lie from NASA and the US government. …

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Posted on: May 11th, 2012 and is filed under Press Releases.

March IIP data at -3.5. Below market expectations.

March IIP data at -3.5. Below market expectations. Electricity sector growth has come in at 2.7% versus 7.2%, manufacturing sector growth at -4.4% versus 11%, capital goods at -21.3%, basic goods at 1.1%, intermediate goods at -2.1% while mining sector growth is at -1.3% versus 0.4% (YoY…

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Posted on: April 24th, 2012 and is filed under Press Releases.

NSE to have a trading session for Gold Exchange traded funds till 8pm Today

The National Stock Exchange [NSE] has decided to have an extended trading session for gold exchange traded funds, after trading concludes in the cash and derivative segments at 3.30 pm, on the 24th of April. . While trading can be done on gold ETF’s in the normal market hours from 9.15 …

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