Market Bureau

StanChart ties-up with Google to cater SMEs

Foreign lender Standard Chartered Bank announced its alliance with Internet major Google to empower the small and medium enterprises (SME) across the coutry. The idea is to tap in the growing needs of SME’s IT...

RBI cut CRR by 75 bps

In a quite surprisingly manner, RBI on friday announced a cut of 75 basis points in cash reserve ratio (CRR). This move will release 48ooo cr of liquidity in banking system. The move is welcomed...

Mahindra Satyam acquire vCustomer for $27M

In an move to boost its BPO operations in Retail and consumer technology, Mahindra Satyam [stockquote]SATYAMCOMP[/stockquote]has taken over the complete international operations of BPO firm vCustomer for a sum of $27 million. According to Mr....

Market recovers : Jaiprakash rises, KFA falls

Mumbai, March 07, 2012 : In a highly volatile session NIFTY has managed to recover from important support zone of 5180-5170 and closed marginally low at 5220.45 down 1.95 points. Shares of Jaiprakash Associates [stockquote]JPASSOCIAT[/stockquote] has...

Greece debt swap keeps markets on edge

Frankfurt, March 07, 2012 : Ahead of a Thursday deadline for private investors to voluntarily offer Greek bonds in a debt swap that will cut the value of their holdings by more than half created...

Motorola launches Atrix 2 in Indian market

Mumbai, March 06, 2012 :  Motorola has launched Atrix 2 android based smart phone in Indian market. It runs Android 2.3 Gingerbread with a dual-core 1 GHz Cortex-A9 processor.  It has an 8 MP autofocus...

Olympic Cards Rs 25 Cr IPO will open on March 9

Mumbai, March 05, 2012 : Wedding invitation cards, visiting and greeting card maker Olympic Cards is set to go public on March 09, 2012. A sum of 25 cr will be raised and price band...

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Export of Cotton banned by Government

In an unexpected move government has given a surprise to cotton manufacturers, exporters and traders by banning exports. Directorate General of Foreign Trade (DGFT) said even exports of cotton for which registration certificates have been...

Market outlook for the next week : Assembly Poll, Monetary Policy and Budget will be in focus

Mumbai, March 05, 2012 : Political events such as UP polls, RBI’s Monetary Policy and run up to budget are the main events to watch out for next week. In week gone by except monday...

BSE SME to debute on March 13 with BCB Finance Ltd.

Mumbai, March 04, 2012 : With the listing of BCB Finance, BSE SME Exchange will formally be launched on March 13, 2012. BCB Finance recently raised INR 8.85 cr through an initial public offering (IPO)...

Indigo Air announces increase in frequencies

Indigo Airlines today announced that it will increase frequencies on the domestic and international routes this summer. Addition of  nine aircraft to its fleet will enable the carrier to service its expansion program. Aviation sector...

Mphasis Q1 net Rs 185 crore down by 18%

Bengaluru, March 02, 2012 : IT services company MphasiS Limited [stockquote]MPHASIS[/stockquote] has announced January 31 ended quarter results today. Net profit declined by 18% to INR 185 Cr compared to Rs 226 crore in the same...