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Currency

Rupee gains 7 paisa against dollar in early trade

The Indian rupee appreciated by 7 paisa to 46.68 a dollar in early trade on the Interbank Foreign Exchange Thursday, largely on the back of fresh capital inflows by foreign funds and dollar’s losses against other currencies. The rupee had lost 9 Paisa at 46.75/76 against the dollar in Wednesday’s trading. Forex dealers said capital […]

Markets

Bajaj Corp IPO opens on 2nd August 2010 Price Band fixed at Rs. 630 to Rs. 660

Bajaj Corp Limited (the “Company” or the “Issuer”), one of India’s leading producers of hair oils, proposes to enter the capital markets on 2nd August, 2010with its Initial Public Offer (“IPO”) of 4,500,000 equity shares of Rs. 5/- each (the “Issue”). The Price Band has been fixed at Rs 630 to Rs. 660. The Issue […]

Banking Uncategorized

Lakshmi Vilas Bank to raise domestic term deposits rates

Lakshmi Vilas Bank has raised the interest rates on domestic term deposits from 181 days onwards to up to 2 years with effect from the 2nd of August, 2010. • The term deposit rate for 181-270 days has been raised by 50 basis points to 6.25% from 5.75% currently. • For deposits of 271-364 days […]

Business

E-commerce to Boost Footwear Sales in China

Online sales in China witnessed significant growth of 93% in 2009 over the previous year. According to our new research report “China Footwear Market Analysis”, the online sales will continue to grow at the same rate in 2010. Availability of high speed internet on mobile phone and secure online transaction are enabling consumer to enjoy […]

Business

Puma Sports India signs up with Adrenalin

Puma Sports India had signed up with Adrenalin eSystems Limited, the makers of is India’s most popular Human Capital Alignment. PUMA India was incorporated in 2005, with its Corporate Office in Bangalore. With presence in Sri Lanka and Maldives, PUMA India is bringing the brand to the Indian subcontinent in a big way. The way […]

Markets

SEBI extends deadline for ASBA facility in NFOs

regulator SEBI on Wednesday extended the deadline for mutual funds to implement the ASBA facility for new fund offers to 1st October. Under ASBA–Application Supported by Blocked Amount– deposits of applicants remain in their accounts till the shares are alloted. “It has been decided that Mutual Funds/AMCs shall provide ASBA facility to investors for all […]

Markets

Wall St. Training to hold Workshop in Pune on Financial Modeling

The Wall Street Training will hold a two day session on finacial modeling in Pune in the month of October this year.The Programme will provide the delegates with an in-depth and practical overview of financial analysis and forecasting techniques. The program helps the candidates to learn valuation fundamentals, forecasting and analytical skills, which are relevant […]

Business

Karnataka to ban issue of permits to export iron ore

A day after ordering closure of 10 ports in the state to prevent illegal export of iron ore, the Karnataka government has announced it will ban issue of permits to transport the mineral for exports. “An order banning issue of permits to transport iron ore for exports will be issued tomorrow. However, firms engaged in […]

Markets

NetAmbit appointed distribution partner for Reliance Life Insurance

NetAmbit, India’s leading Financial Services Distribution Company, today announced that it has forged a distribution partnership with Reliance Life Insurance Company, a part of Reliance Capital and one of India’s leading life insurance companies. With this tie-up, all RLIC products can now be purchased through the offices and outlets of NetAmbit spread across 140 locations […]

Markets

IDBI gets 3119.04 crore from the GoI towards Preferential Issue

IDBI Bank has received Rs.3119.04 crore from the Government of India towards consideration for preferential issue of equity shares to GoI at a price of Rs.120.19 per share in terms of the approval accorded by the Shareholders at the sixth AGM of the Bank which is subject to allotment of the shares in terms of […]