Mumbai, April 25 (IANS) The Anil Ambani-promoted Reliance Power will offer bonus shares to the shareholders whose names appear in the register of members as of June 2, 2008. The company had declared a bonus issue within few days of its listing on stock exchanges in the ratio of three new shares for […]
Mumbai, April 25 (IANS) Market regulator Securities and Exchange Board of India (SEBI) has decided to allow mutual funds (MF) to launch real estate mutual fund (REMF) schemes. Announcing this here Friday, the market watchdog said in an official statement that it has amended the SEBI (Mutual Funds) Regulations 1996 to permit the […]
New Delhi, April 25 (IANS) India’s annual rate of inflation shot up to 7.33 percent for the week ended April 12 after easing a bit to 7.14 percent for previous week, official data showed Thursday. Last week, the inflation rate, as measured by movements in the weekly official wholesale price index, had eased marginally […]
New Delhi, April 25 (IANS) Bharti Airtel, India’s largest mobile phone service operator, has posted robust growth with consolidated net profit rising to Rs.18.98 billion in the quarter ending March 2008 from Rs.13.18 billion last year same period. The firm, which has 62 million subscribers as of March 31, 2008, has registered total […]
London, Apr 25 (ANI): A bedside table that once belonged to Napoleon Bonaparte had fetched a whopping 96,500 pounds at auction.
The table went under the hammer at Christies on April 24 and was expected to fetch a maximum of 2,000 to 3,000 pounds, reports Times Online.
The table formed part of a […]
KARACHI:The State Bank of Pakistan has called an emergent meeting of exchange companies today (Friday) at 1600 hours. According to reliable sources, SBPs late evening move resulted in immediate recovery of the Pak currency by one rupee ie Rs 65 to a dollar from 66 to a dollar on the open market.
Further, the UAE currency […]
TOKYO: The euro pushed back the dollar in Asian trade on Friday as traders remained sceptical about the chances of an interest rate cut in the eurozone despite worsening business confidence, dealers said.
The euro rose […]
ISLAMABAD: The Competition Commission of Pakistan raided the headquarters of All Pakistan Cement Manufacturers Association (APCMA), Lahore and recovered valuable record including computers, giving accurate data on cement production.
Sources in the industry told Business Recorder […]
SINGAPORE: World oil prices, which had threatened to break the symbolic 120-dollar-a-barrel level, fell further on Friday after a strengthening US dollar and rising US crude stockpiles prompted traders to lock in profits, dealers said.
New […]
ASHGABAT: Turkmenistans President Gurbanguly Berdymukhamedov held talks on Thursday with Irans National Gas company chief and Deputy Oil Minister Seyyed Reza Kassaizade on resumption of Turkmen gas supplies to the Islamic republic.
“The two sides considered […]