ICICI Prudential MF declares dividend
October 12, 2008 by admin
Filed under Mutual Funds
ICICI Prudential Mutual Fund has declared dividend under ICICI Prudential Fixed Maturity Plans-Series 42- Six Months Plan C, a close-ended debt fund.
Kotak MF declares dividend under Kotak Fixed Maturity Plan -19M Series 1
October 12, 2008 by admin
Filed under Mutual Funds
Kotak Mutual Fund has floated Kotak Fixed Maturity Plan -19M Series 1, a close-ended debt scheme.
The new fund offer (NFO) has begun on September 29, 2008 and is scheduled to close on October 13, 2008. The scheme has duration of 19 months from the date of allotment.
Performance of Equity Funds as on 10 oct 2008
October 12, 2008 by admin
Filed under Mutual Funds
Open-Ended Equity Funds ranked on the basis of their performance (%) as on 10 Oct, 2008, You can see the company name under scheme name and performance of the company over week, month and year so on.
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Alkali Metals revises price and closing date of IPO
October 12, 2008 by admin
Filed under IPO Section
Alkali Metals has revised the closing date and price of its initial public offer (IPO). The public issue was opened in the price band of Rs 90-105 and was schedule to close on October 10,2008. The company has now been revised the price to Rs 86-103 and the issue will close on October 15, 2008.
TCS to sign a contract to start the Passport Seva project
October 12, 2008 by admin
Filed under Company News
The Tata Group-promoted IT major Tata Consultancy Services (TCS) will sign a contract for starting the Passport Seva project, a public-private initiative to improve passport services in India.
SBI officer’s to observe nationwide strike from October 20
October 12, 2008 by admin
Filed under Company News
The All India State Bank Officers’ Federation (AISBOF) has called for a nationwide indefinite strike with effect from October 20, 2008.
Hyundai offers discount to govt employees on car purchase
October 12, 2008 by admin
Filed under Company News
Hyundai has announced a special discount to all the government employees on purchase of its cars, a move to cash in on the higher salaries and arrears under the Sixth Pay Commission this festive season.
Hindalco gets 43% subscription for its rights issue
October 12, 2008 by admin
Filed under Company News
Hindalco Industries’ rights issue has received 43% subscription, including the global depository receipts (GDRs) portion of 10.6%. According to investment bankers handling the rights issue, some of the domestic institutional investors have subscribed their portion.
Finmin to set up a liquidity advisory panel
October 12, 2008 by admin
Filed under Economy News
Addressing overall liquidity crunch fears and bringing Indian Inc on board, the finance ministry has set up a six-member panel to make a quick assessment of the requirement for liquidity and advice it on what needs to be done. The move indicates the government’s seriousness to take any step required to increase liquidity flow to trade, commerce and industry and instill confidence on the Indian economy.
Brokers not spared from the credit crunch
October 12, 2008 by admin
Filed under Economy News
The credit crunch, economic slowdown and melting of stock markets has resulted in all-round pressure on broking companies. The lack of liquidity in markets has pushed up the cost of financing and one of the worst hit by this are stock brokers.