Friday, September 24, 2010

Satyam to delist ADRs from NYSE

Satyam to delist ADRs from NYSE

Satyam to delist ADRs from NYSE

Posted: 24 Sep 2010 06:24 AM PDT

Indian IT firm Mahindra Satyam said on Friday it would delist from the New York Stock Exchange in mid-October.

FIIs must stop acting on behalf of individuals: Bhave

Posted: 24 Sep 2010 05:00 PM PDT

Capital market watchdog Sebi on Friday said foreign institutional investors (FIIs) have to, by October 1, end the practice of investing money collected from a single or few investors in stocks, as a preventive measure against manipulation.

HSBC CEO to step down

Posted: 24 Sep 2010 05:10 PM PDT

HSBC chief executive has lost his bid to move up to chairman and will leave the bank by the end of the year, the Financial Times reported on Friday.

Act on yuan valuation, Obama tells Wen Jiabao

Posted: 24 Sep 2010 05:12 PM PDT

President Barack Obama urged Chinese Premier Wen Jiabao to take rapid steps to address a dispute over the value of China's currency and made clear the United States would protect its economic interests.

Sensex gains 184 pts, ends above 20K

Posted: 24 Sep 2010 04:28 AM PDT

The BSE benchmark Sensex climbed by 184 points to a fresh 32-month high on Friday, regaining the magical 20,000 points level after a gap of two days on sustained capital inflows from overseas investors.

Sebi likely to tighten norms on IPO advertisements

Posted: 24 Sep 2010 06:54 AM PDT

Incensed over the "planting of articles" and wrongful advertisements in the run up to a company's public offer, market regulator Sebi on Friday pulled up merchant bankers and said it is considering coming out with revised norms on IPO advertisements.

Rupee rebounds by 40 paise against US dollar

Posted: 24 Sep 2010 07:18 AM PDT

The rupee on Friday appreciated by a whopping 40 paise to close at a fresh more than four-month high against the US currency on firm equities amid sustained capital inflows.

India-Canada trade to triple in five years: Anand

Posted: 23 Sep 2010 10:56 PM PDT

India's commerce and industry minister Anand Sharma said here Thursday that his country's "strategic partnership" with Canada will triple bilateral trade in the next five years to $15 billion.

Rupee up 13 paise against dollar in early trade

Posted: 23 Sep 2010 09:48 PM PDT

The rupee strengthened by 13 paise to 45.52 against the US dollar at the Interbank Foreign Exchange today against the backdrop of government raising the cap on foreign institutional investments in government and corporate debt by $5 billion each.

Gold hits record high, silver at 30 year peak

Posted: 24 Sep 2010 01:06 AM PDT

Spot gold rose to a record high on Friday at $1,296.85 per ounce, propelled by continued concerns about global economic health, while silver rushed to its highest since October 1980.

Telecom equipment security may be key agenda during Obama's visit

Posted: 23 Sep 2010 05:57 PM PDT

India's increasingly rigorous telecom equipment security procedures could be one of key business agendas of US President Barack Obama, during his November visit.

Tighter IPO ad norms on anvil

Posted: 24 Sep 2010 05:15 PM PDT

Incensed over the "planting of articles" and wrongful advertisements in the run up to a company's public offer, capital market regulator, Sebi, on Friday pulled up merchant bankers and said it is considering coming out with revised norms on IPO advertisements.

Act on yuan valuation, Obama tells Wen Jiabao

Posted: 24 Sep 2010 05:12 PM PDT

President Barack Obama urged Chinese Premier Wen Jiabao to take rapid steps to address a dispute over the value of China's currency and made clear the United States would protect its economic interests.
Posted by Harshad at 9:14 PM

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