Aksh Optifibre to raise $20 million worth of fresh funds
September 30, 2009 by admin
Filed under Company News
Cable manufacturer, Aksh Optifibre is looking to raise funds of up to $20 million through preferential issue.
Opto Circuits India rises after its arm signing deal with American company
September 30, 2009 by admin
Filed under Buzzing Stocks
Opto Circuits India is trading in the green on the BSE after the company signed OEM agreement with American company.
Asian Star Company continues to trade strong
September 30, 2009 by admin
Filed under Buzzing Stocks
After gaining 14.46% in the previous session, Asian Star Company has continued its positive momentum even today. The scrip is currently trading at Rs 1648 per share, up 99.65 points or 6.44% on the BSE.
ICSA advances on introducing SCADA biz in India
September 30, 2009 by admin
Filed under Buzzing Stocks
ICSA India, which provides embedded technology solutions and infra structure deployment services for the power sector, has entered the Supervisory Control and Data Acquisition (SCADA) business in India.
TCS gains on bagging order from Singapore’s People’s Association
September 30, 2009 by admin
Filed under Buzzing Stocks
Tata Consultancy Services (TCS), part of the salt-to-software conglomerate Tata Group, has received a multi-million dollar Application Management Services (AMS) contract from Singapore’s People’s Association, a statutory board under the ministry of community development, youth and sports.
Government sticks to 7% growth forecast for current fiscal
September 30, 2009 by admin
Filed under Economy News
Despite the poor monsoon threatening to decelerate India’s faster-than-expected recovery so far, the government has chosen to stick to its forecast for the economy growing by 7% during the current fiscal. The economy registered a growth of 6.1% in the first quarter of the fiscal.
Global tech M&A touches $31.4 billion in September: Dealogic report
September 30, 2009 by admin
Filed under Economy News
The global merger and acquisition (M&A) activity in the technology sector has touched a whopping $31.4 billion in the month of September, the highest monthly volume for technology targeted M&A since May 2008, thanks to Xerox Corp’s $8.4 billion acquisition of Affiliated Computer Services Inc (ACS), according to Dealogic report.
NSE’s drive for trading transparency in the offing
September 30, 2009 by admin
Filed under Economy News
The biggest stock exchange — National Stock Exchange of India (NSE) — has decided to select a set of randomly picked investors’ information on their stock market transactions every day. The latest move is expected to force brokers to take a more transparent outlook in servicing investors.
Government readies disinvestment strategy
September 30, 2009 by admin
Filed under Economy News
Indian government may announce the blueprints of its disinvestment plans within next couple of weeks. A departmental note in this regard has been prepared by the department of disinvestment which is likely to be circulated in the cabinet soon. The plan will be reviewed by the cabinet committee on economic affairs (CCEA) before being finalised.
RBI to continue OMOs in rest of the fiscal
September 30, 2009 by admin
Filed under Economy News
The Reserve Bank of India (RBI) said on Tuesday that it would continue with its open market operations (OMOs) in the second half of the current fiscal as and when necessary. The apex bank said that during first half of the fiscal, it had purchased government securities worth about Rs 50,000 crore.