Stock Market News
Markets open on a marginally positive note Jul-15-2011 09:37
The Indian stock markets had a marginally positive opening on Friday but were trading sideways following mixed cues from the Asian markets. The Asian indices were trading mixed and choppy on Friday after the news that rating agency Standard & Poor’s has also put the US’ “AAA” debt rating under watch for a possible downgrade. [...]
Foreign Stock Market Reports Dated 14 July 2011
On Thursday, the U.S. markets closed on a negative note despite of stocks witnessing buying interest in the morning trade. The sentiment among investors was dampened after Fed Chairman Bernanke confirmed that the central bank has no plans in place to extend a fresh stimulus package. He further stated that a default by the Treasury [...]
BGIL coming up with an IPO to raise Rs 54 crore
Bharatiya Global Infomedia Ltd (BGIL) intends to raise around Rs 50-54 crore through initial public offer (IPO). The company is entering the capital market with a public issue of 67.2 lakh equity shares of Rs 10 each. The bid will open on July 11, 2011 and close on July 14, 2011 by diluting 42.42 per [...]
IndoAsianFus – Board approves Buy-Back of equity shares
Indo Asian Fusegear Ltd has informed that the Board of Directors of the Company at its meeting held on July 09, 2011 have approved the Buy-Back of the Companys fully paid up equity shares of Rs. 10/- each from the existing shareholders other than the promoters of the Company from the open market using the [...]
Draft Microfinance Bill gives RBI total control
The Finance Ministry has formulated a new proposal which lays out the rules and regulations concerning India’s Microfinance industry. The Draft Microfinance Bill 2011, aims to protect the country’s microfinance borrowers, and bestows the RBI with total jurisdiction and control to regulate and oversee the working of the entire microfinance industry. The draft bill was [...]
CERC files petition against FMC
The Forward Markets Commission (FMC) and Multi-Commodity Exchange of India (MCX were issued official notices following a petition filed by Central Electricity Regulatory Commission (CERC) after the dispute over regulation of power futures between the electricity regulator and the commodity futures watchdog has reached the Supreme Court. “The high court committed a grave error in [...]