Sensex opens lower

The Sensex fell by nearly 148 points in opening trade today. The 30-share barometer, which rallied by over 823 points in the previous three sessions, declined by 148 points, or 0.80 per cent, to 18,298 points in the first few minutes of trade today. In a similar fashion, the wide-based National Stock Exchange Nifty index […]

Govt collects Rs 300 crore in penalties from new operators

The govt has collected over Rs 300 crore in penalties from new telecom service providers that failed to roll-out their networks within the stipulated timeframe after getting licences and spectrum. “As of last Friday, we have received Rs 300.04 crore penalties, as against total claim of Rs 370.55 crore,” Department of Telecom Secretary R Chandrasekhar […]

SBI’s Rs 20,000-cr rights issue likely early-next fiscal: Bhatt

Country’s largest lender State Bank of India’s keenly awaited Rs 20,000-crore rights issue will only come early next financial year for want of approvals from the Government. “There is a process in the government which is a part of the Budget, but not next year’s Budget, it is this year’s Budget…since so far we have […]

Govt. slashes MEP on onions to $ 450 per tonne

In a major relief for exporters, the government has slashed the minimum export price (MEP) for onions by 25 per cent to 450 US dollar per tonne from earlier 600 US dollar per tonne. In a notification, the Directorate General of Foreign Trade said, the slashed MEP of onions will not apply to Bangalore Rose […]

Berkshire Hathaway Enters Retail Insurance Market in India

New Delhi: Berkshire Hathaway Inc, headquartered in Omaha, US, a diversified holding company with subsidiaries that include GEICO, National Indemnity, and various other insurance and manufacturing businesses, has announced their plans to enter the Indian insurance sector as a corporate agent of Bajaj Allianz General Insurance. Berkshire India, a majority-owned unit of Berkshire Hathaway Inc. […]

Axis Bank signs MOU with Indian Army for Power Salute Salary Account

Mumbai : Axis Bank, India’s third largest private bank, today signed a Memorandum of Understanding (MoU) with the Indian Army for the Power Salute, a salary account exclusively for the Army personnel. The MoU was signed by Lt General V K Chaturvedi, PVSM, AVSM, SM, Director General (MP & PS), Indian Army and Mr. S. […]

Budget Reaction – Deepak Sood, CEO & MD, Future Generali India Life Insurance Co Ltd

Post the budget announcement Mr. Deepak Sood, CEO & MD, Future Generali India Life Insurance Co Ltd said “The finance minister through the Union Budget for 2011-12 has addressed three crucial challenges of maintaining growth momentum, control of inflation and fiscal stability. To increase the GDP growth from 8.6 % in the current fiscal to […]

Ohana Media Announces Launch of OhanaQB – Audience Marketing Platform

Hyderabad: Ohana Media, a technology driven advertising startup from India, today announced the launch of its audience marketing platform – OhanaQB. OhanaQB enables marketers, publishers and online businesses to understand their audiences better by building audience clouds that capture implicit and explicit user intents & actions. Using advanced user segmentation technology, OhanaQB allows marketers to […]

Qatar Airways Announces Move Into Canada

Mumbai : Qatar Airways, the national airline of the State of Qatar is set to make its debut in Canada with the launch of scheduled flights to Montreal, effective June 29. Canada’s second largest city will be served with three-flights-a-week on Wednesdays, Fridays and Sundays using the airline’s flagship Boeing 777-200 Long Range aircraft. The […]

ICEX : MIDDAY MARKET REPORT