Market transparency was main aim: FM Finance Minister Palaniappan Chidambaram, on Wednesday, said planned curbs on offshore derivatives are aimed at improving disclosure in the stock market and not an outright ban on types of funds.
Panel working on modalities
Futures trade in currency on the anvil In order to improve the risk management mechanism of the participants, the the RBI had recently permitted banks and primary dealers to do transactions in single-entity Credit Default Swaps (CDS).
Honda plans to roll out Jazz car in India by 09 Japanese car major Honda is betting big on India as it plans to enter the highly competitive compact car segment by 2009 with the launch of Jazz, its first hatchback in the country.
THE MARKET YESTERDAY:SENSEX 18,513 (UP 20)
Sensex ends flat after high volatility The stock market on Wednesday ended flat after moving in a 515 point range in high volatility caused by rollover of derivative positions for November series.
Vijaya Banks Q2 income up, PAT flat Chairman & Managing Director Prakash P Mallya, attributed the dip in operating profits and flat growth in net profit to fall in credit growth and high cost of deposits, both of which, in turn, impacted net interest income and net interest margin.
Managing Director, FireFox Bikes, Shiv Inder Singh (L) and International Territory Manager Peter St. Onge (R) pose with the newly unveiled range of Firefox bikes in New Delhi on Tuesday. Firefox launched its new range of bikes priced at a starting range of Rs 14,235. AFP
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