FIIs net sellers of Rs 1,051 cr (prov) in the cash segment on Friday

by

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

by

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.

Read moreIndia’s oilmeal exports plunge 63% in July

Tata AIG Life – Renewal premium payments through net banking

by

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

by

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

FIIs net sellers of Rs 371 cr (prov) in the spot market on Thursday

by

Foreign institutional investors (FIIs) were net sellers of Rs 371.41 crore (provisional) in the spot market on Thursday, according to information posted on the BSE website. While FIIs made gross purchases of Rs 2,509.11 crore, their gross sales stood at Rs 2,880.52 crore.

On the other hand, domestic institutional investors (DIIs) were net buyers of Rs 257.40 crore (provisional) on the same day. While DIIs made gross purchases of Rs 1,524.08 crore, their gross sales aggregated Rs 1,266.68 crore.

Read moreFIIs net sellers of Rs 371 cr (prov) in the spot market on Thursday

Bajaj Allianz’s premium collection drops 30% in June quarter

by

Bajaj Allianz Life Insurance Company has recorded a fall of 30% in fresh premium collection in first quarter of FY 2009-10.

The insurer’s new premium collection stood at Rs 577.66 core at the end of the June quarter, as against Rs 829.24 crore in corresponding period of the last year.

Overall, 21 private sector life insurers have collected first premium of Rs 5,427.67 crore in the first quarter of FY’10 against Rs

Read moreBajaj Allianz’s premium collection drops 30% in June quarter