SEBI allows MFs to launch gold exchange-traded funds Repetitive disclosures for follow-on public offerings go
THE Securities and Exchange Board of India (SEBI) on Friday announced key decisions, including introduction of optional grading of IPOs to provide "additional comfort" to investors and allowing mutual funds to launch gold exchange-traded funds, ...
SEBI hikes position limits for stock derivatives To resume fresh registrations for UIN
SEBI has hiked the trading member position limit for stock-based derivatives. As per this, for stocks having market-wide position limit of Rs 500 crore or more, the combined futures and options position limit shall be 20 per cent of applicable ...
BSNL cuts fixed line rental by 28% AirTel, Tata Tele snip cell rates
IT'S New Year's eve and telecom operators could not be far behind in adding to the consumer's party. While state-owned Bharat Sanchar Nigam Ltd has announced a drop in monthly rental for fixed line telephones by 28 per cent, Bharti ...
Stocks end 2005 on firm note; Sensex 3rd best in Asia
STOCK prices remained firm on Friday, the last day of the current year with across the board buying pushing the BSE Sensex up 75 points. With today's close BSE Sensex gained 42 per cent this year and S&P CNX Nifty by 36 per cent. It has been ...
Ruia Group plans revamp of Dunlop, Falcon Tyres boards
THE Ruia Group, which acquired Dunlop India Ltd (74.5 per cent) and Falcon Tyres Ltd (68 per cent) in November, is planning to go for a board recast in both the companies in February. Though the nominees of the erstwhile Dubai-based promoter, ...
Maxis of Malaysia, Apollo hospitals promoters buy out Aircel for Rs 4,860 cr
MAXIS Communications Berhad of Malaysia, a leading telecommunications company, and the Chennai-based Reddy family, the businesses founded by them include the Apollo hospitals group and Indo-National, have together bought out Aircel, the cellular ...
THE YEAR THAT WAS
Hydrocarbons sector: Rapid strides on the E&P front
In 2005, 21 oil and gas discoveries were made in India, which included 14 by private/joint venture companies, four by ONGC and three by OIL. Oil PSUs also acquired acreages/participating interests in 23 blocks in seven countries.
Inflation up on costlier fuel, non-food items
THE annual wholesale price index-based inflation rose 4.62 per cent during the week ended December 17, higher than the previous week's annual rise of 4.50 per cent. The rise in the year-on-year inflation rate was mainly on account of higher ...
`Wireless sensors ideal for vehicle tracking'
THE Chairman and Managing Director, Electronics Corporation of India Ltd (ECIL), Mr G. P. Srivastava, has said wireless sensor networks have varied applications and can be used for monitoring vehicles and the structural fitness of dams. Mr ...
Bomb threats keep Bangalore on its toes IT facility gets hoax call
A fax was received by the local media offices warning of attacks at the Chief Minister, Mr N. Dharam Singh's residence and a prestigious hotel in the city on New Year's eve.
Fog alert for plains in northwest early next week
A WESTERN disturbance of moderate intensity lying over Pakistan has started moving east and is expected to start affecting northwest India from Saturday onwards. The passage of the system will leave in its wake foggy conditions over the plains ...
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