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The Tata Group is re-entering the home finance business after a gap of six years with Tata Capital Housing Finance, a wholly owned subsidiary of Tata Capital, getting the certificate of registration from the National Housing Bank to begin business as a housing finance company. The new company is planning to offer both fixed and … Read more Tata Capital Housing ventures into housing finance business
Thousands of gazetted executives of state owned Mahangar Telephone Nigam (MTNL) struck work for the second day rejecting the management’s offer of a pay revision with 5% fitment benefit. The Class I and Class II officials are demanding for a 30% fitment in the new pay scales with housing rent allowance (HRA) approved by the … Read more MTNL services disrupted in Delhi, Mumbai due to strike
Unitech Ltd has informed BSE that the Board of Directors of the Company at its meeting held on May 18, 2009, inter alia, has approved the following proposals subject to the requisite approvals: 1. Raising of additional long-terms funds through issuance of further securities in the Company. 2. Issuance of Warrants in the Company to … Read more Unitech – Warrants for promoters + Long Term Funds
Essar Shipping Ports and Logistics (ESPL) may be delisted in coming days as the promoters are believed to be looking at acquiring the stake of minority shareholders and further delist the company. Though there is no official comment available from the company, a person familiar with the development said that the promoters may raise around … Read more Essar Shipping likely to be delisted
After the domestic equity markets opened in circuit limits, markets have been halted for trade till 11:55 am, following the rule of circuit breakers of different variations as under: The index-based market-wide circuit breaker system applies at three stages of the index movement, either way viz. at 10%, 15% and 20%. These circuit breakers when … Read more NSE + BSE Trading Halted – Rules & Regulations on Halt + Resume
The government has withdrawn the ban on trading in wheat futures following which the Forward Market Commission (FMC) has written to all national-level commodity exchanges to launch new contracts after getting a nod from the commodity market regulator. Former finance minister P Chidambaram, in his budget speech for 2008-09, had announced the delisting of all … Read more Govt withdraws ban on trading in wheat futures