BUZZERHUT : Cisco Witnesses Vast Scope For SMB Products

Written August 02. 2007 in Uncategorized
By BUZZERHUT : Coimbatore: Cisco Systems is all set to increase the product capability of its Smart Business Communication Systems for the Small and Medium Business (SMB) units. This is part of its SMB strategy for India. They plan...

BUZZERHUT : Indian Manufacturing Growth 28-Mth Low In July - PMI

Written August 02. 2007 in Finance, Business
 By BUZZERHUT : Indian manufacturing activity fell in July to its lowest level in 28 months, weighed down by a slower pace of output and export growth as a series of recent monetary tightening measures worked through the economy.The...

BUZZERHUT : Complete Land Use Map Of Tea Gardens Will Be Ready By Early 2008

Written August 02. 2007 in Finance, Business
By BUZZERHUT : Kolkata: Satellite mapping of all small tea gardens (less than 25 acres) in Assam and West Bengal will be finished by end 2007; and by early 2008, the complete land use map of all tea gardens will be ready. Systematic...

BUZZERHUT : Binani Cement To Infuse $100Mn In Chinese co

Written August 02. 2007 in Finance, Business
 By BUZZERHUT : Mumbai: Binani Cement mulls to infuse $100 million in its newly taken over Chinese cement company Shandong Rongan Group Co Ltd that has a 0.4-million tonnes per annum (mtpa) capacity. The company recently acquired...

BUZZERHUT : ICICI Prudential AMC With Draws Exit Fee On 3 Funds

Written August 02. 2007 in Finance, Business
By BUZZERHUT : MUMBAI: ICICI Prudential Asset Management Co Ltd said on Aug 1, it would not charge any exit load on redemption and switch out from three of its funds. The funds are ICICI Prudential Power, ICICI Prudential Services Industries...

BUZZERHUT : Chana Prices Increase In Southern, Central States

Written August 01. 2007 in Finance, Business
 By BUZZERHUT : Mumbai: Chana spot prices in southern and central States firmed up in contrast to the weak trend showed in Delhi and Rajasthan. Spot prices in Maharashtra were higher at Rs 2,615 per tonne. In Karnataka (Gulbarga)....

BUZZERHUT : Taxpayers Can File Return Till March 31

Written August 01. 2007 in Finance, Business
By BUZZERHUT : Taxpayers, who have failed to submit tax returns before the deadline of July 31, can still file returns till March 31, 2008 without fearing the levy of penalty.In Bihar, however, the CBDT has extended the last date of...

BUZZERHUT : AIG Investments Appoints New CIO - Fixed Income

Written August 01. 2007 in Finance, Business
By BUZZERHUT : On 31 July 2007 AIG Investments announced the appointment of Sandeep Bagla as Chief Investment Officer - Fixed Income. Based in Mumbai, Sandeep will be responsible for overseeing the investment and research of various...

BUZZERHUT : FII Activity On 31-07-2007

Written August 01. 2007 in Finance, Business
 By BUZZERHUT : The gross equity purchased was Rs.2,817 (in crores), and the gross debt purchased was Rs 0.00. The gross equity sold was Rs 2,966.90 (in crores), and the gross debt sold was Rs1.50 (in crores).
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SMC GLOBAL : Unitech Scouts For Foreign Partners

Written July 31. 2007 in Finance, Business
By SMC GLOBAL : Unitech''s supremacy might have been taken over by DLF but Sanjay Chandra, Managing Director of Unitech is now taking off in another direction by moving into Airport Development. The company is now...

SMC GLOBAL : Aditya Birla Nuvo Q1 Results To Boost Schemes Performance

Written July 31. 2007 in Finance, Business
By SMC GLOBAL : Aditya Birla Nuvo has posted a net profit of Rs 26.46 crores for the quarter ended 30 June 2007 where as the same was at Rs 56.28 crores for the quarter ended 30 June 2006.
Scrip however declined by 11.20% to Rs...

SMC GLOBAL : Rubber Witnesses Steady Trend

Written July 31. 2007 in Finance, Business
By SMC GLOBAL : Kottayam: Spot rubber prices ruled steady on July 30. Sheet rubber RSS 4 closed at Rs 85.50 and Rs 86 a kg respectively at Kottayam and Kochi against Rs 85 a kg on the previous weekend. In futures, the August contract...

SMC GLOBAL : India-Pak Trade Talks To Embark On Tomorrow

Written July 31. 2007 in Finance, Business
By SMC GLOBAL : With the intention of taking bilateral relations to a new high, India and Pakistan will kick off talks here tomorrow on establishing fibre optic telecom link, allowing banks to open branches and increasing trade volume...

SMC GLOBAL : FII Activity On 31-07-2007

Written July 31. 2007 in Finance, Business
By SMC GLOBAL : The gross equity purchased was Rs.3,677.30 (in crores), and the gross debt purchased was Rs 0.00. The gross equity sold was Rs 4,899.70 (in crores), and the gross debt sold was Rs962.50 (in crores).
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SMC GLOBAL : ONGC Searches For New Offshore Ships

Written July 30. 2007 in Finance, Business
By SMC GLOBAL : Mumbai: Oil and Natural Gas Corporation (ONGC), the country''s biggest oil explorer, has started hectic talks with shipping companies to keep oil from its Bombay High oil fields flowing after the Directorate...

SMC GLOBAL : MP To Set Up Three IT SEZs

Written July 30. 2007 in Finance, Business
By SMC GLOBAL : The Madhya Pradesh Government has announced plans to set up three information technology SEZs in Bhopal, Gwalior and Jabalpur in partnership with the private sector and involving an investment of Rs 2,550 crore. The...

SMC GLOBAL : FII Activity On 30-07-2007

Written July 30. 2007 in Finance, Business
By SMC GLOBAL : The gross equity purchased was Rs.4,519.30 (in crores), and the gross debt purchased was Rs 9.80. The gross equity sold was Rs 4,271.10 (in crores), and the gross debt sold was Rs724.50 (in crores).
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SMC GLOBAL : ICICI Prudential Dynamic Targets To Minimize Downside Risk

Written July 30. 2007 in Finance, Business
By SMC GLOBAL : Mumbai: ICICI Prudential Dynamic is a growth-oriented fund that infuses across market capitalisation and sectors with a bottom up approach of infusing. What differentiates this multi-faceted fund from other opportunity...

SMC GLOBAL : Pulses Acreage Rises By 13 Per Cent

Written July 30. 2007 in Finance, Business
By SMC GLOBAL : Pulses production, which is a cause of concern for the government due to demand-supply gap, may increase in Kharif 2007 as area under coverage for the crops has gone up by 13 per cent till July 26. The pulses acreage...

SMC GLOBAL : रबड़ ने नियमित प्रवृति देखी

Written July 30. 2007 in Finance, Business
 By SMC GLOBAL : कोट्टायम: भौतिक रबड़ मुल्य...

SMC GLOBAL : JK Paper On Expansion Spree

Written July 28. 2007 in Finance, Business
By SMC GLOBAL : JK Paper Ltd is planning to increase capacity of maplitho and copier papers with an investments of Rs 500-700 crore. The company has started trial production at its 60,000 tonnes multi-layer duplex board project at...

SMC GLOBAL : Select PSUs Can Now Invest In Equity Mutual Funds

Written July 28. 2007 in Finance, Business
By SMC GLOBAL : Up to 30% of surplus funds can be parked in public sector MFs . Decks have been cleared for sizeable flow of public sector surplus funds into the capital market. Public sector blue-chip companies enjoying navratna...

SMC GLOBAL : Pepper Future Mkt Declines

Written July 28. 2007 in Finance, Business
By SMC GLOBAL : Kochi: The pepper futures market on July 27, declined on bearish activities, while the fundamentals remained unchanged. Spot sellers were limited at lower levels as the futures market continued its falling trend. The...

SMC GLOBAL : Puravankara Projects IPO To Come Up On Jul 31

Written July 27. 2007 in Finance, Business
By SMC GLOBAL : The initial public offering of Puravankara Projects Ltd will open on July 31. Price band of the issue is Rs 500-525 per share. The real estate developer is issuing 21,467,610 shares of face value Rs 5 each through...

SMC GLOBAL : FII Activity On 27-07-2007

Written July 27. 2007 in Finance, Business
By SMC GLOBAL : The gross equity purchased was Rs.3,205.60 (in crores), and the gross debt purchased was Rs 19.90. The gross equity sold was Rs 3,264.80 (in crores), and the gross debt sold was Rs225.60 (in crores).
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SMC GLOBAL : IMF Revises India''s GDP Forecast To 9%

Written July 27. 2007 in Finance, Business
By SMC GLOBAL : Buoyant global economic outlook has prompted the International Monetary Fund (IMF) to revise upward India''s Gross Domestic Production (GDP) growth rate by 0.6 per cent to 9 per cent for 2007.
Major...

SMC GLOBAL : ONGC Unveils Plan To Boost Gas Output

Written July 27. 2007 in Finance, Business
By SMC GLOBAL : State owned exploration firm ONGC is finally playing catch up with its private sector peer Reliance Industries. ONGC''s KG basin find may end up being bigger than it expected, at least that''s...

SMC GLOBAL : Massive Campaign Planned By JM MF For Its Contra Fund

Written July 27. 2007 in Finance, Business
By SMC GLOBAL : JM Financial Mutual Fund has planned an aggressive mass communication campaign for its new fund offer - the JM Contra Fund. The campaign will have a special thrust on television, which will be aired on mass national...

SMC GLOBAL : Pepper Future Declines On Selling Pressure

Written July 27. 2007 in Finance, Business
By SMC GLOBAL : Kochi: Pepper futures market on July 26, saw a sharp decline on selling pressure and on reports that Vietnam had eased its price for FAQ 500 GL to $3,350 a tonne (fob). There was selling pressure of un-garbled pepper....

SMC GLOBAL : SEL Manufacturing To Float IPO Today

Written July 26. 2007 in Finance, Business
By SMC GLOBAL : New Delhi: To part finance the expansion of its capacity, textile firm SEL Manufacturing Company Ltd plans to foray the capital markets on July 26 with a public issue of 41.38 lakh equity shares of Rs 10 each via 100...

SMC GLOBAL : Coonoor Tea Auctions Volume Sees Falling Trend

Written July 26. 2007 in Finance, Business
By SMC GLOBAL : Coonoor: The declining trend in volumes at the Coonoor Tea trade Association auctions saw in the last few weeks continues this week also. Sale No: 30 will be held on July 26 and July 27 with a total volume of 12.08...

SMC GLOBAL : Chennai I-T Dept To set Up 40 Special Counters

Written July 26. 2007 in Finance, Business
By SMC GLOBAL : Chennai: The income tax department in Chennai is gearing up to manage the last minute rush. The department will open 40 special counters for senior citizens and the physically-challenged to handle about 250,000 taxpayers,...

SMC GLOBAL : HDFC Likely To Bring Down Home Loan Rates

Written July 26. 2007 in Finance, Business
By SMC GLOBAL : HDFC Bank, mortgage finance major, is likely reduce lending rates if the central bank does not tighten rates or resort to a monetary squeeze by hiking the cash reserve ratio (CRR). Although interest rates have gone...

SMC GLOBAL : Unichem Lab To Infuse Rs 100 Crore In FY08

Written July 26. 2007 in Finance, Business
By SMC GLOBAL : Mumbai: Unichem Laboratories has earmarked an over Rs 100 crore expansion plan in 2007-08, including investments of Rs 50 crore for setting up a special economic zone (SEZ) at Pithampur, near Indore in Madhya Pradesh....

SMC GLOBAL : Mastek Loses 7.59% On 24 July 2007

Written July 26. 2007 in Finance, Business
By SMC GLOBAL : Among the day's top 10 losers, Mastek lost 7.59% on 24 July 2007 as it closed at Rs 282.55 compared to previous close of Rs 305.75 on 23 July 2007. This loss in the stock prices of the company will detriment...

SMC GLOBAL : RBI Mulls Law To Regulate Moneylenders

Written July 25. 2007 in Finance, Business
By SMC GLOBAL : Be it farmer suicides in Andhra Pradesh or debt ridden families in Vidharba the finger has often been pointed at money lenders who squeeze rural India.The Reserve Bank of India (RBI) is now attempting to regulate them...

SMC GLOBAL : 22% Decline In Commodity Exchanges Turnover

Written July 25. 2007 in Finance, Business
By SMC GLOBAL : Mumbai: The total turnover of the three national commodity exchanges for the fortnight ended July 14, 2007 has taken a bang compared to same period last month. Market regulator, Forward Markets Commission, data displays...

SMC GLOBAL : Lotus India MF Announces Dividend

Written July 25. 2007 in Finance, Business
By SMC GLOBAL : Lotus India Mutual Fund has announced the declaration of dividend under the dividend option of Lotus India Fixed Maturity Plan - 3 Months - Series VI. The fund house has notified 25 July 2007 as the record date for...

SMC GLOBAL : Call To Increase Investment Flows From EU

Written July 25. 2007 in Finance, Business
By SMC GLOBAL : Hyderabad: If the foreign direct investment (FDI) into the country was $15.72 billion during the financial year 2006-07, the contribution of the European Union (EU) countries was a minuscule 0.2 per cent. The reasons...

SMC GLOBAL : RIL To Establish 4,000 Mw Capacity

Written July 25. 2007 in Finance, Business
By SMC GLOBAL : Reliance Industries Ltd (RIL) is looking at establishing 4,000 Mw of gas-based power generation capacity at multiple locations at an investment of Rs 10,000 crore, in addition to a mega fertiliser plant at Kakinada...

SMC GLOBAL : Uco Bank To Come Out With Second Issue

Written July 24. 2007 in Finance, Business
By SMC GLOBAL : Bhubaneswar: Kolkata-based Uco Bank is likely to go for a public offer during the current fiscal in order to restructure its capital base and achieve Basel-II compliance.
The time and the size of the issue have not...

SMC GLOBAL : Health Spending Outstrips Economic Growth

Written July 24. 2007 in Finance, Business
By SMC GLOBAL : Spending on health is continuing to outpace economic growth with most countries having seen a near doubling of expenditure as a share of national income over the past 25 years, the Organisation for Economic Co-operation...

SMC GLOBAL : Rubber Witnesses Steady Trend

Written July 24. 2007 in Finance, Business
By SMC GLOBAL : Kottayam: The physical rubber prices were almost firm on July 23. Sheet rubber RSS 4 closed at Rs 81.50 a kg both at Kottayam and Kochi as on the previous weekend. The rubber futures finished slightly down quoting...

SMC GLOBAL : Canbank Rolls Out New FMP

Written July 24. 2007 in Finance, Business
By SMC GLOBAL : Canbank announced the launch of its close-ended debt scheme: Can FMP Series 1 M -Series II. The primary objective is to generate returns by investing in fixed income debt securities, the maturity of which would be...

SMC GLOBAL : FII Activity On 24-07-2007

Written July 24. 2007 in Finance, Business
By SMC GLOBAL : The gross equity purchased was Rs.4,108.40 (in crores), and the gross debt purchased was Rs 469.60. The gross equity sold was Rs.2,885.30 (in crores), and the gross debt sold was Rs124.80(in crores).
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SMC GLOBAL : Ministry Seeks FDI In SEZs Supervised

Written July 23. 2007 in Finance, Business
By SMC GLOBAL : New Delhi: The defence ministry has warned against giving permission to FDI in special economic zones from countries of concern and unfriendly entities, asserting that a national security exception clause be introduced...

SMC GLOBAL : Honda To Replace Accords'' Relay Fuel-Pump

Written July 23. 2007 in Uncategorized
By SMC GLOBAL : Honda Siel Cars India has decided to call back more than 2,000 units of its premium sedan Accord to replace faulty relay fuel-pump as part of a global campaign by its parent company in Japan. The company has asked...

SMC GLOBAL : FII Activity On 23-07-2007

Written July 23. 2007 in Finance, Business
By SMC GLOBAL : The gross equity purchased was Rs.3,762 (in crores), and the gross debt purchased was Rs 19.60. The gross equity sold was Rs.2,878.90 (in crores), and the gross debt sold was Rs0.00(in crores).
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SMC GLOBAL : Kolkata Auction Sees Good Demand For CTC Teas

Written July 23. 2007 in Finance, Business
By SMC GLOBAL : Kolkata: Last week (i.e. the week ended July 21), the demand for CTC teas in the North India auction centres at Kolkata, Siliguri and Guwahati was generally good. The western Indian as well as other domestic purchasers...

SMC GLOBAL : Bank Of India Ties Up With ING Investment For MF Distribution

Written July 23. 2007 in Finance, Business
By SMC GLOBAL : ING Mutual Fund belonging to ING Investment, world’s largest financial services provider has entered into a strategic alliance with Bank of India to distribute its mutual fund (MF) products. Click...

SMC GLOBAL : Punj Lloyd Group Signs Up For A New AHF / AIF3 Plant In UAE

Written July 21. 2007 in Finance, Business
By SMC GLOBAL : Punj Lloyd Ltd has announced that Simon Carves Ltd, a subsidiary of the Company, a global EPC services provider in energy and infrastructure domains, has signed an agreement