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Foreign institutional investors (FIIs) were net sellers of Rs 156.97 crore (provisional) in the spot market on Tues, as per information posted on the BSE website. While FIIs made gross purchases of Rs 4,060.84 crore, their gross sales aggregated Rs 4,217.81 crore. Similarly, domestic institutional investors (DIIs) were net sellers of Rs 767.57 crore (provisional) … Read more FIIs were net sellers of Rs 156.97 cr (prov) in the spot market on Tuesday
Reliance Communications known for offering the best tariffs to consumers have introduced Simply Reliance tariff Plan as a gift to consumers for this upcoming festive season. In 2006, when Mr. Maran was the Telecom Minister, he took a bold initiative to introduce OneIndia Calling plan [ Rs 1 / minute to any phone in India] and the same now stands reduced to Rs 0.50 / minute – Courtesy Reliance Mobile.
Read moreMobile Tariffs Halve in India in 36 Months with Simply Reliance
The much awaited 3G Wireless Spectrum Auction in India has been delayed. According to the DoT officials, the main reason for the delay in releasing the memorandum of information was difficulties on making out the availability of the 3G spectrum which had made it difficult to plan the necessary schedule.
However, the difficulties in finalizing the spectrum availability have stemmed from the disagreement between the DoT and the
Read moreDoT – Defence Minsistry Spat Delays 3G Auction in India
The government has asked the Steel Authority of India Limited (SAIL) to give a specific proposal for its proposed follow on public offering (FPO).
The government presently holds 85.82% stake in SAIL and 4.59% is with the Life insurance Corporation while the rest is held by the public.
In order to make initial public offers (IPOs) transparent and investor friendly, the government is in close consultation with market regulator SEBI for evolving guidelines for price band for public offers by India Inc. The move is also expected to ensure funds are not diverted from the purpose for which the capital was raised. The Ministry of Corporate Affairs (MCA) has been asked to take steps to prevent companies from fixing arbitrarily IPO price band at a very high level.
Stone India through its wholly-owned subsidiary company — Stone Intermodal Private Limited — executed an exclusive collaboration agreement on September 30, 2009 with Railrunner NA Inc, USA to manufacture, operate and sell new generation freight cars for seamless door-to-door transportation service on rail and road. The collaboration provides exclusivity in marketing, manufacturing and operating rights in India for an initial period of ten years.
Read moreStone India inks pact with US-based Railrunner NA Inc