Now, vending machine for coins too
Coins of Re 1, Rs 2 and Rs 5 denominations would now be available through vending machines.
Archive for June 2nd, 2009
Orbit Corp latest firm to adopt qualified institutional placement route
Mumbai-based real estate developer, Orbit Corporation is the latest firm to adopt the qualified institutional placement route to raise money.
ICICI plans $200 million small firms fund: Sources
ICICI Bank is set to launch a $150 million to $200 million fund in a few weeks that will be invested in small and medium companies, two sources briefed of the plans said on Tuesday.
Equity funds gain 31 pc in May; best in 17 years
Actively-managed diversified stock funds in India posted their best monthly gain in 17 years. Gainers: BSE ( A, B ), NSE | Losers: BSE ( A, B ), NSE I 52 Week: High, Low
Reliance MF open to acquisitions if opportunity comes: CEO
Reliance Mutual Fund said that it is open to acquisitions if some good opportunities come its way.
MF industry’s assets zoom, cross Rs 6 lakh crore mark….
Assets under management (AUMs) of the Indian mutual fund industry for May’09 have set the record by piercing the Rs 6 lakh crore mark once again. This level had been last topped in May 2008.
Gold plunges by Rs 70, silver down Rs 500
Gold prices fell by Rs 70 to Rs 15,030 per 10 gram in the bullion market here on profit-selling, while silver tumbled by Rs 500 owing to reduced offtake by industrial units.
Govt plans to impose cess on natural gas
The government is mulling levy of small cess on natural gas to fund construction of national gas highway network even as it plans to extend LPG reach to rural areas and launch smart cards for kerosene.
Oil India IPO likely in September
Oil India Ltd, the nation’s second-largest state-run explorer, is likely to launch an initial public offering (IPO) by September this year.
Rupee down 12 paise against dollar
The Indian rupee depreciated by 12 paise to 47.08 against the US dollar in early trade on Tuesday, snapping a four-session upward journey.
Trade minister allays fears over FDI in retail
Anand Sharma says the ‘misunderstanding’ on FDI being allowed indirectly in multi-brand retail ‘is not well placed at all’
Govt has no plans to divest stakes in ONGC, IOC
Oil secretary RS Pandey says there is no plan to divest stake in IOC and ONGC
Orbit Corp aims to raise up to Rs400 crore
The company said its board will meet on 3 June to consider raising funds through a qualified institutional placement
April infrastructure output up 4.3% : Govt
The infrastructure sector accounts for 26.7% of India’s industrial output
Annual remittances in Goa amount to Rs 700-crore: Study
The coastal state of Goa recieves Rs 700-crores annually in the form of remittances, which attributes to 6.3 percent of the State Domestic Product (SDP), a study has revealed.
Rupee extends drop as stx fall; dollar gains
Rupee extended its fall in afternoon trade on Tuesday, after hitting more than five-month peaks on Monday, as the dollar gained versus major currencies, with losses in local shares adding to the woes.
Rupee drops on dollar moves overseas
The Indian rupee backed away on Tuesday from a more than five-month peak reached in the previous session, as the dollar recovered some of its steep losses versus major currencies.
Rupee retreats as dollar steadies vs majors
The Indian rupee retreated from over-five-month peaks on Tuesday as the dollar cut some of its previous day’s losses versus major currencies and traders awaited the opening of the domestic share market for direction.
Noon: Markets extend losses on profit-taking
At 12:20 pm, the Sensex was 123.6 points down at 14,717.03 and the Nifty was down by 47.30 points at 4,482.60
