INDIA

Webdesk, Mumbai, 11th July, 2014: India on Thursday proposed allowing foreign retailers, who manufacture products in the country, to sell via e-commerce platforms, a step towards liberalizing foreign investment in the country’s USD 13 billion e-commerce sector. The move is likely to benefit the local units of retailers such as Marks & Spencer Group Plc, Nike Inc, Puma SE and Benetton Group Spa among others, who currently sell online in India through local franchises or…

Webdesk, Mumbai, 24th June, 2014: After a sedated start, bulls came to a party in the second half of the session. At Rs 6.86 lakh crore, equity market also recorded the highest turnover ever. F&O volumes on the BSE today were higher than the NSE. The Sensex rallied 337.58 points or 1.35 percent at to end at 25368.90 while the Nifty closed up 86.85 points or 1.16 percent at 7580.20. About 2044 shares have advanced,…

Webdesk, Mumbai, 10th June, 2014: UTI Mutual Fund has announced that UTI Master Plus Unit Scheme shall be merged with UTI Leadership Equity Fund. The investors are given an exit option to redeem his / her existing units at the prevailing NAV without any load from June 11, 2014, to July 10, 2014 (both days inclusive) for a period of 30 days under UTI Master Plus Unit Scheme. News Source: Moneycontrol

Webdesk, Mumbai, 22nd May, 2014: Sri Adhikari Brothers Television Network Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on May 30, 2014, inter alia, to transact the following matters: 1. To consider and approve the Standalone and Consolidated Audited Financial Results of the Company for the quarter and year ended March 31, 2014. 2. To consider the recommendation of payment of Dividend on Equity Shares…