Posted by Yogesh on Thursday, 7 August, 2008
Anil Ambani group’s Reliance Money is eyeing to “export” currencies worth about Rs 10,000 crore in the current fiscal a four-fold jump from previous year’s figure as part of its money changing and transfer business.
Reliance Money, the brokerage and financial products distribution unit of ADAG’s financial services arm Reliance Capital, is looking for a significant growth in its money changing and transfer business, the company CEO Sudip Bandyopadhyay said in Kolkata. Read the rest of this entry »
Posted in Corporate News | Tagged: currency export, Reliance Money | Leave a Comment »
Posted by Yogesh on Thursday, 7 August, 2008
NEW DELHI: Crossing the 12 per cent barrier for the first time in 13 years, inflation moved to 12.1 per cent for the week ended July 26 on soaring food and non-food article prices.
While food products, for instance, rose by 0.1 per cent, non-food articles were up by 0.4 per cent and textiles by 0.4 per cent. Similarly, primary articles were up 0.1 per cent and chemical and chemical products 0.5 per cent. Fuel and petroleum, however, remained unchanged. Read the rest of this entry »
Posted in Indian Economy | Tagged: Inflation | Leave a Comment »
Posted by Yogesh on Thursday, 7 August, 2008
Aug 07, 2008 /PRNewswire via COMTEX/ — Financial Technologies Launches DMA LIVE! Together With FTNet Will Provide International Market Connectivity and Access to Over 80% of Indian Brokerage and Institutional Market.
- ANMI (Association of National Exchanges Members of India), Mr. G.N.Bajpai (former SEBI Chairman), Mr. Kiran Karnik (Former Chairman of NASSCOM) Together With Other Leading Industry Leaders Welcome the Announcement – Next-Generation Technology Innovation to Provide Unmatched Price / Value Competitive Advantage to India’s Institutional Brokerage and buy Side Firms. Read the rest of this entry »
Posted in Corporate News | Tagged: Direct Market Access, Financial Technologies | Leave a Comment »
Posted by Yogesh on Thursday, 7 August, 2008
NEW DELHI, Aug 7 – India revived its plans to float state-owned telecoms Bharat Sanchar Nigam in the country’s largest-ever IPO on Thursday and government officials said they were in talks to get trade unions to support the $10 billion deal.
The government said in January it aimed to list BSNL Ltd but put the plan on hold after opposition from its communist allies and trade unions. Read the rest of this entry »
Posted in Intial Public Offering | Tagged: BSNL | Leave a Comment »
Posted by Yogesh on Thursday, 7 August, 2008
MUMBAI, Aug 7 – Major Indian steel makers will not raise prices after a three-month freeze ends this week despite the burden of surging input costs, but could review the decision in September, industry officials said.
The cost of producing steel in India has risen more than 60 percent in 2008 due to a doubling of iron ore prices globally and a jump in thermal coal rates, which have tripled over the past year to a record $201 a tonne on July 1. Read the rest of this entry »
Posted in Sector Spotlight | Tagged: Steel Firm | Leave a Comment »
Posted by Yogesh on Thursday, 7 August, 2008
Our country is in a deep hole. As usual, Congressman Ron Paul sums up the situation succinctly.
“The national debt now stands in excess of $9 trillion, more than $30,000 per person. The total future debt obligations of the United States, including entitlements, are estimated at $59 trillion, which equates to over $500,000 per household. Social Security and Medicare will likely consume the entire federal budget by 2040, threatening the average American with an impossible tax burden. For over 30 years, I have been urging all Americans to educate themselves about monetary policy in order to better understand how a small group of unelected individuals at the Fed and the Treasury Department wield tremendous power over our lives.” Read the rest of this entry »
Posted in Article | Tagged: American Economy | 1 Comment »
RSS 
Email 
