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Archive for June 2nd, 2009

Now, vending machine for coins too

Coins of Re 1, Rs 2 and Rs 5 denominations would now be available through vending machines.

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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.

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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.

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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

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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.

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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.

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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.

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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.

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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.

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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.

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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’

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Sensex ends 34 points up at 14,874.91; Nifty lower by 4 points at 4525.25

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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

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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

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April infrastructure output up 4.3% : Govt

The infrastructure sector accounts for 26.7% of India’s industrial output

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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.

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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.

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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.

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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.

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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

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