Hindustan Motors will launch the Lancer Cedia on January 12, 2006.
The merger of ZEE Entertainment and Sony has reached an advanced stage of completion, and the issues faced by promoters with Sebi should not become a problem for the company, debarred ZEEL MD Punit Goenka has said in a letter to employees, according to sources. Goenka, who along with his father Subhas Chandra, was denied any interim relief against a Sebi order that barred them from holding the position of director or key managerial post in any listed company, in the letter ZEE Entertainment Enterprises Ltd (ZEEL) staff asserted that the merger of Culver Max (earlier known as Sony Pictures Networks India) is at a very important juncture. With the Securities Appellate Tribunal (SAT) restricting him from holding a directorial or key managerial position in a listed company, Goenka told the employees that the ZEEL board has constituted an interim committee of senior executives to ensure smooth operations and day-to-day functioning.
In a move to allow US investors to directly participate in India's equity markets, Chicago-based US Futures Exchange (USFE) will exclusively license the Bombay Stock Exchange's Sensex for US dollar-denominated futures trading beginning February 22 next year. At present, US investors can buy only a handful of Indian stocks listed on the New York and Nasdaq exchanges through an American Depository Receipt (ADR) authorisation.
Indian IT services provider Hexaware Technologies' stock on Monday closed at a four-year low on the Bombay Stock Exchange (BSE) after the company announced that it was conducting an "internal investigation" into "certain actively-concealed and potentially-fraudulent foreign exchange transactions conducted by a Hexaware official."
The National Stock Exchange and the Bombay Stock Exchange have decided to change their trading timings from Monday till October 7, as VSAT services might get disrupted during this period due to heavy solar activity.
Telecom R&D outsourcing company Sasken Communication Technologies' initial public offer to raise Rs 115-130 crore (Rs 1.15 to 1.3 billion) opens for subscription on Thursday.
India's oldest exchange, the Bombay Stock Exchange (BSE), has approached the Securities and Exchange Board of India (Sebi) for listing its shares. Sources said the listing would be through an initial public offering. This will make BSE India's first listed exchange.
The 30-share BSE Sensex ended almost 246 lower at 20,926 levels down 1.16% from its previous close while the broader 50-share Nifty index of the National Stock Exchange scrapped 71 points to close at 6,237 levels.
Tata Motors, ONGC, Coal India ICICI Bank and Bajaj Auto were the top losers while Tata Power, HDFC, Gail India and NTPC were the top heavyweight gainers today.
Essel Propack Ltd on Wednesday said its managing director Cyrus Bagwadia has resigned from his post and the board.
The crippling strike at the country's largest car-maker Maruti Suzuki India's Manesar plant entered its 13th day on Thursday, with production completely shut down.
The October 2008 landslide in stock prices, which caused a nearly 90 per cent drop in India's equity derivatives business, has dealt a severe blow to Asia's oldest bourse, the Bombay Stock Exchange.
'The structural story of India is a multi-decadal story.' 'One should stay invested in that story and avoid reacting to what is happening globally.'
I-T dept refuses to unfreeze a/cs; airline curtails operations; SBI, other bank stocks take a knock
Britannia Industries Ltd on Thursday said it has appointed Jeh N Wadia and Emmanuel Faber as additional directors on the board of the company. \n
BSE small-cap index, which ended over 1% higher, outperformed the benchmarks significantly.
BPL Ltd has informed the Bombay Stock Exchange that M Sasi has been appointed as director (finance & corporate planning) of the company (without any remuneration) for a period of two years, with immediate effect.
Tata Consultancy Services Ltd's scrip was on Wednesday listed on the National Stock Exchange with the opening price of Rs 850 per share while the listing price was up at Rs 1049.
Analysts said retail investors are major participants in mid-cap and small-cap stocks and activity in this segment has increased over the past few months.
He is appointed as a public interest director.
The Bombay Stock Exchange and the National Stock Exchange will remain open for trading on Saturday.\n\n\n\n
The Bombay Stock Exchange benchmark Sensex at mid session\non Wednesday surged over 434 points to 15,561.11, an almost one-year high.
The Bombay Stocks Exchange S&P BSE Sensex plunged by over 750 points, or 4%, its biggest fall in four years, to end at 18,598 on fear that the roll-back of US stimulus could spark selling pressure by the overseas investors in the equity space.
BHEL, YES Bank, RCom, Titan Ind, JP Associates, BF Utilities, Ruchi Soya and Punj Lloyd have tanked more than 10% each on BSE.
The board of directors of textile company S Kumars Nationwide will meet on November 9 to consider a proposal to acquire a home textiles company in the United States.
Real estate developer Parsvnath Developers had a dream debut on the markets on Thursday with the stock listing at Rs 516.75, up by Rs 216.75 or 72.25 per cent from the issue price of Rs 300 on National Stock Exchange.
The big lesson to learn from the world's worst financial crisis is that nations and industry should see globalisation as a friend.
The Multi Commodity Exchange has filed its draft red herring prospectus with the Securities and Exchange Board of India for the company's public offer. It will list only on the Bombay Stock Exchange (BSE).
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