MTS-India has introduced for its customers an opportunity to get upto 50% lesser call charges as compared to some of the other operators, for calls being made from their network in India to mobile phones of “MTS Russia”, when subscribing to the special service. At the same time, MTS Russia subscribers can now make calls to India with up to 85% discount from the regular price.
Editor's Desk
Removal of incentive in EU to hurt Indian automobile industry
The withdrawal of scrappage incentive scheme in several European countries is expected to bring in a cause of concern for the Indian automobile industry. Indian players Maruti Suzuki and Hyundai Motors, two of country’s biggest car exporters, are expected to bear the burnt in overseas sales.
The scrappage scheme provides car owners a subsidy to replace their older, polluting vehicles with low-emission and fuel-efficient ones.
Eleven countries including Germany, France, Italy, Romania, Spain and Portugal have withdrawn the scheme from the last week of July or the first week of August, barring the UK which has decided to continue with the scrappage scheme.
Read moreRemoval of incentive in EU to hurt Indian automobile industry
FIIs net sellers of Rs 1,051 cr (prov) in the cash segment on Friday
Foreign institutional investors (FIIs) were net sellers of Rs 1,050.81 crore (provisional) in the cash segment on Friday, as per information posted on the BSE website. While FIIs made gross purchases of Rs 1,925.66 crore, their gross sales amounted to Rs 2,976.47 crore.
On the other hand, domestic institutional investors (DIIs) were net buyers of Rs 414.43 crore (provisional) on the same day. While DIIs made gross purchases of Rs 1,726 crore, their gross sales aggregated Rs 1,311.57 crore.
Read moreFIIs net sellers of Rs 1,051 cr (prov) in the cash segment on Friday
India’s oilmeal exports plunge 63% in July
Declining demand from its main trading partners has resulted in a sharp dip in India’s oilmeal exports in the April-July period of the current fiscal. According to the data collected by the Solvent Extractors Association of India (SEA), oilmeal exports have seen a 60% year-on-year drop in wake of the global economic recession. Non-availability of adequate meal has also hit the exports.
The decline was even sharper in the month of July at 173,329 tonne, down 63% from the same month last year. Total oilmeal exports during the four months ended July 30, 2009 were placed at 0.76 million tonne compared with 1.9 million tonne during the same period a year-ago.
Tata AIG Life – Renewal premium payments through net banking
Private sector life insurance major Tata AIG Life Insurance Company has tied up with Citibank in order to offer its customers payment of renewal premiums through the NEFT mode.
This is first life insurance company in India that would offer its customers options to pay renewal premiums through the net banking facility directly from their bank account held with any NEFT-enabled bank branch in India. The facility will enable faster realisation of funds than the other conventional modes of premium payment.
Read moreTata AIG Life – Renewal premium payments through net banking
NHPC – Green Energy IPO Fully subscribed at Rs 36 Upper Band
The IPO of State Owned Hydro Electric Company – NHPC which opened for subscription this morning was fully subscribed within an hour 🙂 NHPC is a producer of Green Energy which is the most sought after Electrical Power today and will continue to do so. Analysts, will re-rate the stocks and upon listing, NHPC will … Read more NHPC – Green Energy IPO Fully subscribed at Rs 36 Upper Band