APN News

  • Saturday, February, 2021| Today's Market | Current Time: 12:20:23
  • Corning Breaks Ground on Shanghai Automotive Substrate Facility Expansion

    China : Corning Incorporated today broke ground on the previously announced $125 million expansion of Corning Shanghai Company Limited, Corning’s automotive substrate facility in Shanghai, China. Members of the Chinese government, employees, and customers attended the ceremony. The expansion is expected to be operational in the second half of 2012.  “Today marks the second expansion […]

    Will dilute stake in 4 more PSUs by end-FY’11: Govt

    The govt informed the Rajya Sabha that it will dilute its stake in four more PSUs by the end of the FY’11, including Power Grid Corporation of India, which launched a follow-on public offer on Tuesday. “The government has decided to disinvest part of its shareholding in the following CPSEs — Steel Authority of India […]

    Brokers responsible for purchase, redemption of MF units: SEBI

    Giving relief to mutual fund houses, the market regulator SEBI has said brokers would be responsible for sale and redemption of units being bought by investors from the secondary market. “Payment of redemption proceeds to the broker/clearing members by MF/AMC shall discharge MF/AMC of its obligation of payment to individual investor,” SEBI said in a […]

    NSE starts mobile trading for registered clients

    The National Stock Exchange on Tuesday said it has started mobile trading for registered clients, a move that would make trading simpler for the customers.  The service will enable member brokers to only go through the regular compliance before facilitating their clients for mobile trading, National Stock Exchange (NSE) said in a statement.  “This is […]

    Rupee down by 2 paise against dollar in opening trade

    The Indian rupee depreciated marginally by 2 paise to Rs 44.39 a dollar in the opening trade on Tuesday, largely in tandem with dollar’s recovery against other currencies.  However, FII inflows capped its losses. The domestic unit had ended 16 paise lower at Rs 44.37/38 a dollar in the previous session at the Interbank Foreign […]

    Sensex recovers 70 pts in opening trade

    After Monday’s losses, the Bombay Stock Exchange benchmark Sensex today opened almost 70 points higher on fresh buying by funds and retail investors. The 30-share index rose by 69.82 points to 20,922.20 points on the back of recovery in FMCG, metal and auto sector stocks. The index had lost 152.58 points in the previous session […]

    Intuit Participates in U.S.-India Innovation and Entrepreneurship Summit

    Bangalore : In a historic moment in the U.S.-India strategic relationship, Intuit Inc.’s (Nasdaq: INTU) CEO Brad Smith was honored to play a role in the U.S.-India Business Council (USIBC) Presidential Executive Mission to India. Smith joined other private and public sector leaders from the United States and India to discuss innovation, education, and removing […]

    Subex wins ROC Managed Services contract from a new telecom operator in India

    BANGALOR: Subex Ltd, a leading global provider of Operations and Business Support Systems (OSS/BSS) for Communication Service Providers, announced today that it has been selected by one of the latest entrants in the telecom service provider space in India, to implement its industry leading ROC (Revenue Operations Center) Fraud Management and Revenue Assurance solutions in […]

    Housing loans grow 20 pc to Rs 3.15 lakh cr last fiscal: RBI

    The Reserve Bank of India has said that home loan disbursals rose by 20 percent to Rs 3.15 lakh crore in 2009-10 compared to the year-ago period, primarily helped by lower interest rate. In its report ‘Trend and Progress of Banking in India 2009-10′, RBI said that while home advances rose, loans for other retail […]

    US remains a prime source of investment: FM

    Finance Minister Pranab Mukherjee on Monday said the US remains a prime source of investment and an important trading partner for India. “Economic policy, finance and trade constitute important planks of our bilateral relations. For us, the US remains a prime source of investment, technology and an important trading partner,” Mukherjee said while addressing a […]