MFs, FIIs can now participate in gold, silver & crude futures Decision on other commodities to be taken gradually
THE Forward Markets Commission (FMC) has announced that mutual funds and foreign institutional investors would be allowed to participate in bullion and crude oil futures at the national commodity exchanges. "We would like to open up commodity ...
Sensex, Nifty touch new highs
STOCK prices continued to surge, backed by sustained FII inflows and positive sentiments permeating from the Asian markets. The BSE Sensex crossed the 9,200-mark, while NSE Nifty scaled a new all-time high to end above 2,800 levels. However, ...
Parliament panel gives nod to lift voting right cap in private banks Banks also allowed to issue preference shares
SIGNALLING a fresh round of liberalisation in the banking sector, a Parliamentary Standing Committee has given its go-ahead to remove the 10 per cent voting right cap on shareholders of private sector banks thereby paving the way for permitting ...
Tax revenues of VAT States up 14.6% in April-Oct
Non-manufacturing intensive States such as Orissa and Delhi recorded strong growth in tax revenues under the VAT regime.
Infosys yet to decide on initiatives in Maharashtra
POPULAR expectation created and then nurtured by the media notwithstanding, Infosys Technologies Ltd has not yet decided on any new initiatives in Maharashtra. Responding to a query from Business Line regarding reports in sections of the ...
Sugarcane price, global trend push sugar stocks to a high
INTERNATIONAL developments and lower than expected sugarcane prices in the domestic markets are among the reasons contributing to the continued buoyancy in sugar company stocks. Sugar stocks gained 10 - 20 per cent today. Bajaj Hindustan ...
BPOs set to capture $11-b insurance revenues: Nasscom
THE slow off-take of outsourcing in the insurance domain notwithstanding, the competitive pressure is driving the sector towards higher level of outsourcing adoption now. This has opened up for the BPO service providers an opportunity to capture ...
Bharti's under-sea cable system offers more bandwidth
INTERNATIONAL leased line tariffs is likely to decrease further with Bharti Tele-Ventures today announcing the launch of the next generation under sea cable system South East Asia, Middle East and Western Europe 4 (Sea-Me-We-4). Bharti ...
HCL Tech inks pact with Japanese co
HCL Technologies today entered into a multi-million dollar agreement with a Japanese system integrator, EXA Corporation, under which HCL would provide offshore-based IT solutions and system integration services to EXA's blue-chip customers in ...
`Easterly wave' sets up base over Andaman Sea
AN `easterly wave' has anchored itself as part of a trough of low pressure over the Andaman Sea and is expected to keep moving along a fixed track to the west to impact Tamil Nadu and Kerala by Friday/Saturday. In fact, there are the two ...
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