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Friday, May 20, 2005

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Brokers lure retail investors with margin funding — Banks extend personal loans for share purchase
IN a bid to increase their retail business, broking houses are aggressively pushing the margin-funding option to retail investors. With the equity markets awaiting triggers and moving in a range-bound manner for the last few months, brokerages ... More

Tata Steel Q4 net rises 44 pc, to pay Rs 13
TATA Steel today reported a 44.47 per cent rise in net profit for the quarter ended March 2005 to Rs 908.58 crore from Rs 628.88 crore in the corresponding previous period. Net sales/income from operations was up 20.76 per cent at Rs 3,864.65 ... More

Cabinet clears 10th Plan mid-term appraisal
THE Union Cabinet on Thursday approved the mid-term appraisal (MTA) of the Tenth Five Year Plan prepared by the Planning Commission. The document would now go to the National Development Council (NDC), the Union Finance Minister, Mr P. ... More

GSM players want Govt to drop plan for extra CDMA spectrum
THE Cellular Operators' Association of India (COAI) has urged the Communication Ministry to reject the recommendations made by the telecom regulator on allocating additional spectrum to CDMA-based mobile operators. In a letter to Mr Dayanidhi ... More

ICICI Bank buys Russian bank
ICICI Bank has acquired a little-known bank in Russia with a single branch. The bank has purchased the entire paid-up capital of Investitsionno-Kreditny Bank (IKB) in Balabanovo in the Kaluga region with a branch in Moscow. The seven year-old IKB ... More



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