http://economictimes.indiatimes.com/
Investors go with high-flying firms
Asia bright for investment bankers
Direct tax mop-up rises 42.5%
Maruti announces savings up to Rs 57,500 for its customers
---------------------------------------------------------
ECB walks the talk, pumps in $500 bn
REL to bid for projects in three African countries
In video: Interview with Krishna Bharat Google News creator
Google News: Newspapers should love us
Tata bids over $2.05-bn for Jaguar-Land Rover; M&M at $1.9 bn
SBI, CEOs of associates to meet in Jan to discuss merger
Pricing wrinkles remain in IFCI stake sale
ONGC 1st Indian to enter 'World's Most Admired Companies' list
Essar Oil to tie-up funds for refinery expansion by Jan-end
Reliance Steel opens new Shanghai plant
HDIL to enter entertainment sector, invest Rs 1000 cr
Tata Power to enter shipping biz, raise Rs 4,000 cr
PM panel reviews Re impact on exports
India among 5 nations sharing half of world production
SEBI suggests mini contracts in equity derivatives
Buy Tata Chemicals with target of Rs 444: Asit C. Mehta
Stocks you can buy: Wipro, Lupin, NALCO, JBF Industries
Heard on the street
IDFC Private to invest 25% of its funds in fast-growing sectors
RCF smells a goldmine, plans to sell Mumbai land
Marketers who dominate the market
Source: http://economictimes.indiatimes.com/headlines.cms . We thank (will be grateful to) the owners of the above articles/sites/sources/Govts for allowing/referring this. We are just providing the link/information of business updates from the leading sources for the benefit of readers. Viewers are strictly advised to take own decision in Stock buying and make verification about the information. Blog is not responsible for any faulty information.
18 December 2007
Jyothy Labs likely to lists around Rs 1000 : MC Article
Jyothy Labs likely to lists around Rs 1000
After an excellent response to the public issue, Jyothy Laboratories will list on the bourses on December 19, 2007. The offer price has been fixed at Rs 690 per share.
R S Iyer of K R Choksey Securities told Moneycontrol.com, "Jyothy Labs is expected to list around Rs 1000. One, who has a capacity to hold stock till Rs 1200, can hold. Above Rs 1200, one should book profits."
The company had entered capital market with an initial public offering (IPO) of 44.30 lakh shares of Rs 5 each at a price band between Rs 620 and Rs 690 per equity share and raised Rs 305.67 crore from the issue. The issue had subscribed 45.83 times.
Jyothy Labs' promoters stake stood at 69.47%. Its investors including Canzone Limited, ICICI Bank Canada, ICICI Bank UK PLC, South Asia Regional Fund and CDC Investment Holdings have sold their stakes through this offer.FMCG company is in the fabric care, household insecticide, surface cleaning, personal care and air care segments of the Indian market. It offers branded products including fabric whitener, mosquito repellent, dishwashing, bath and incense products.
Enam Securities Pvt Ltd and Kotak Mahindra Capita Company Ltd are book running lead managers and Intime Spectrum Registry Limited is the registrar to the issue.
Other IPO news:
Apply for Precision Pipes IPO: Prabhudas L
Subscribe to Manaksia with long term view: Keynote
Source: http://www.moneycontrol.com . We thank (will be grateful to) the owners of the above articles/sites/sources/Govts for allowing/referring this. We are just providing the link/information of business updates from the leading sources for the benefit of readers. Viewers are strictly advised to take own decision in Stock buying and make verification about the information. Blog is not responsible for any faulty information.
After an excellent response to the public issue, Jyothy Laboratories will list on the bourses on December 19, 2007. The offer price has been fixed at Rs 690 per share.
R S Iyer of K R Choksey Securities told Moneycontrol.com, "Jyothy Labs is expected to list around Rs 1000. One, who has a capacity to hold stock till Rs 1200, can hold. Above Rs 1200, one should book profits."
The company had entered capital market with an initial public offering (IPO) of 44.30 lakh shares of Rs 5 each at a price band between Rs 620 and Rs 690 per equity share and raised Rs 305.67 crore from the issue. The issue had subscribed 45.83 times.
Jyothy Labs' promoters stake stood at 69.47%. Its investors including Canzone Limited, ICICI Bank Canada, ICICI Bank UK PLC, South Asia Regional Fund and CDC Investment Holdings have sold their stakes through this offer.FMCG company is in the fabric care, household insecticide, surface cleaning, personal care and air care segments of the Indian market. It offers branded products including fabric whitener, mosquito repellent, dishwashing, bath and incense products.
Enam Securities Pvt Ltd and Kotak Mahindra Capita Company Ltd are book running lead managers and Intime Spectrum Registry Limited is the registrar to the issue.
Other IPO news:
Apply for Precision Pipes IPO: Prabhudas L
Subscribe to Manaksia with long term view: Keynote
Source: http://www.moneycontrol.com . We thank (will be grateful to) the owners of the above articles/sites/sources/Govts for allowing/referring this. We are just providing the link/information of business updates from the leading sources for the benefit of readers. Viewers are strictly advised to take own decision in Stock buying and make verification about the information. Blog is not responsible for any faulty information.
ECB injects $500 bn into banking system : Moneycontrol.com
ECB injects $500 bn into banking system
ECB has injected USD 500 billion into the banking system, reports CNBC-TV18.
Agencies also reported that money market rates tumbled after ECB fund injection.
The rates charged by banks for two-week loans are down a record 50 bps at 4.45%. US stock-index futures have risen 0.75% after the cost of borrowing euros crashed.
The European Central Bank has injected an unprecedented USD 500 billion into the banking system as part of a global effort to ease the gridlock in the credit market. The amount banks charge each other for two-week loans in euros dropped a record 50 basis points to 4.45%, after climbing 83 basis points in the past two weeks.
This unprecedented infusion of cash is because normally the cash that is infused is only an overnight tenure and these are called repos because they are normally for temporary mismatches that banks might face. This is a 16-day loan, which means that the loan given today will have to be repaid on January the fourth which is the 16 working day loan that the ECB is giving. The commercial banks in Europe and in the US usually don’t want to lend over the year-end. This is normal phenomenon at the quarter end or the year-end and there is a hesitation to lend loans because you will have to find extra capital.
The move is to restore confidence in the money markets after the US subprime crisis. Central banks, led by the Federal Reserve, are seeking to restore confidence to money markets, after the collapse of the US subprime-mortgage market. The ECB loaned a greater than anticipated USD 501 billion for two weeks at 4.21% today.
Capital is a rare commodity or scarce commodity in the global central banks because their assets have eroded really badly because of the subprime crisis. So more capital is needed to sure up the same amount of loans. At such a juncture, people are simply not willing to lend year-end loans because if they lend loans now they have to find more capital to back up those loans.
So loans are simply not being lent. There is just no transaction and therefore if there is any odd commercial bank, which wants money, it has to pay higher and higher rates. This is the reason why the money market rates over the last one-week was rising by nearly 83-bps- which is 1 percentage point higher for just a two-week loan or a three-week loan.
The long-term effect will be next to nothing because all these loans mature in two-weeks and in the case of the Fed, they mature in a month or so. So there will be no impact on inflation at all because of this higher liquidity. This is clearly only to break a year-end gridlock that banks normally face in this particular year.
Source: http://www.moneycontrol.com . We thank (will be grateful to) the owners of the above articles/sites/sources/Govts for allowing/referring this. We are just providing the link/information of business updates from the leading sources for the benefit of readers. Viewers are strictly advised to take own decision in Stock buying and make verification about the information. Blog is not responsible for any faulty information.
ECB has injected USD 500 billion into the banking system, reports CNBC-TV18.
Agencies also reported that money market rates tumbled after ECB fund injection.
The rates charged by banks for two-week loans are down a record 50 bps at 4.45%. US stock-index futures have risen 0.75% after the cost of borrowing euros crashed.
The European Central Bank has injected an unprecedented USD 500 billion into the banking system as part of a global effort to ease the gridlock in the credit market. The amount banks charge each other for two-week loans in euros dropped a record 50 basis points to 4.45%, after climbing 83 basis points in the past two weeks.
This unprecedented infusion of cash is because normally the cash that is infused is only an overnight tenure and these are called repos because they are normally for temporary mismatches that banks might face. This is a 16-day loan, which means that the loan given today will have to be repaid on January the fourth which is the 16 working day loan that the ECB is giving. The commercial banks in Europe and in the US usually don’t want to lend over the year-end. This is normal phenomenon at the quarter end or the year-end and there is a hesitation to lend loans because you will have to find extra capital.
The move is to restore confidence in the money markets after the US subprime crisis. Central banks, led by the Federal Reserve, are seeking to restore confidence to money markets, after the collapse of the US subprime-mortgage market. The ECB loaned a greater than anticipated USD 501 billion for two weeks at 4.21% today.
Capital is a rare commodity or scarce commodity in the global central banks because their assets have eroded really badly because of the subprime crisis. So more capital is needed to sure up the same amount of loans. At such a juncture, people are simply not willing to lend year-end loans because if they lend loans now they have to find more capital to back up those loans.
So loans are simply not being lent. There is just no transaction and therefore if there is any odd commercial bank, which wants money, it has to pay higher and higher rates. This is the reason why the money market rates over the last one-week was rising by nearly 83-bps- which is 1 percentage point higher for just a two-week loan or a three-week loan.
The long-term effect will be next to nothing because all these loans mature in two-weeks and in the case of the Fed, they mature in a month or so. So there will be no impact on inflation at all because of this higher liquidity. This is clearly only to break a year-end gridlock that banks normally face in this particular year.
Source: http://www.moneycontrol.com . We thank (will be grateful to) the owners of the above articles/sites/sources/Govts for allowing/referring this. We are just providing the link/information of business updates from the leading sources for the benefit of readers. Viewers are strictly advised to take own decision in Stock buying and make verification about the information. Blog is not responsible for any faulty information.
SEBI plans mini contracts induction in equity derivatives mrkt: Myiris
SEBI plans mini contracts induction in equity derivatives mrkt
SEBI suggests mini contracts in equity derivatives
Securities and Exchange Board of India (SEBI) intends to introduce mini contracts in the equity derivatives market on main indexes to improve liquidity and increase investor participation, reports Economic Times.Mini contracts are a fraction of normal derivatives contracts and help individual investors to hedge risks of a smaller portfolio. It is believed that popularity of mini contracts has been increasing globally due to the higher liquidity and the ability to get in and out of a trade quickly with low impact cost.SEBI also suggested the introduction of options contracts with longer tenures. At present the maximum life tenure of an options contract is three months. Introduction of options on futures on the existing interest rate products traded on exchanges has also been suggested by SEBI. The market regulator also suggested the creation of a bond index and derivatives on index on the lines of equity derivatives.
SEBI proposes 7 new trading instruments in F&O segment
Source: www.myiris.com. We thank (will be grateful to) the owners of the above articles/sites/sources/Govts for allowing/referring this. We are just providing the link/information of business updates from the leading sources for the benefit of readers. Viewers are strictly advised to take own decision in Stock buying and make verification about the information. Blog is not responsible for any faulty information.
SEBI suggests mini contracts in equity derivatives
Securities and Exchange Board of India (SEBI) intends to introduce mini contracts in the equity derivatives market on main indexes to improve liquidity and increase investor participation, reports Economic Times.Mini contracts are a fraction of normal derivatives contracts and help individual investors to hedge risks of a smaller portfolio. It is believed that popularity of mini contracts has been increasing globally due to the higher liquidity and the ability to get in and out of a trade quickly with low impact cost.SEBI also suggested the introduction of options contracts with longer tenures. At present the maximum life tenure of an options contract is three months. Introduction of options on futures on the existing interest rate products traded on exchanges has also been suggested by SEBI. The market regulator also suggested the creation of a bond index and derivatives on index on the lines of equity derivatives.
SEBI proposes 7 new trading instruments in F&O segment
Source: www.myiris.com. We thank (will be grateful to) the owners of the above articles/sites/sources/Govts for allowing/referring this. We are just providing the link/information of business updates from the leading sources for the benefit of readers. Viewers are strictly advised to take own decision in Stock buying and make verification about the information. Blog is not responsible for any faulty information.
Myiris, Moneycontrol Updates
Myiris.Com
Brokers` Outlook: Market to bounce back in 2-3 sessions
MFs remain net sellers in equities worth Rs 1,990 mn on Dec. 17
FIIs turn net sellers in equities worth Rs 10,987 mn on Dec. 17
PM panel on trade discuss adverse impact of rising Rupee
FDI inflows grows 65% to USD 7.2 bn in H1
NAVs of equity diversified funds decline 1.71% last week
Union bank to foray into MF biz
Webel-Sl Energy to consider hiking share capital
IFCI issues equity shares to public sector banks
ArcelorMittal completes 27 mn share buyback programme
Rosehill & its affiliates to invest USD 125 mn in JBF Global
IL&FS-Milestone Fund-I attracts Rs 5 bn initial subscription
Texmaco seek members` nod for merger
Jyothy Labs to list on Dec. 19
SRF to set up two greenfield plants
Net tax collections rose 42.5% to Rs 1,644.07 bn
SB&T Int`l to takeover Mimansa Jewellery
Diamond Cables to bag order for power transformers
Steel Strips gets fresh export orders from Peugeot
SEBI plans mini contracts induction in equity derivatives mrkt
SEBI proposes 7 new trading instruments in F&O segment
HDIL to enter entertainment sector
Tata Projects to acquire Arston Engg.
Jai Balaji to dilute 15% stake to Citi VC & India Equity
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Moneycontrol.Com
Mkts may stabilise around current levels: Experts
Mkt doesn't see big sell-offs from large funds now
Mount these midcaps at the top of your portfolio
Goldman may post better nos than MS, BS
India Infoline to set up Asset Management Co
Bombay HC approves Bajaj Auto demerger
Essar Oil to raise $2 bn via GDS
TV18- Jagran Prakshan JV for biz newspaper
BF Utilities,RIL, Wipro bag MOFSL's Wealth Creation Awards
Ispat Ind has target of Rs 101: A Chakrabarty
Buy PVR; target of Rs 405: Kotak Securities
Vesuvius can double in 2 years: DD Sharma
Source: http://www.moneycontrol.com and www.myiris.com. We thank (will be grateful to) the owners of the above articles/sites/sources/Govts for allowing/referring this. We are just providing the link/information of business updates from the leading sources for the benefit of readers. Viewers are strictly advised to take own decision in Stock buying and make verification about the information. Blog is not responsible for any faulty information.
Brokers` Outlook: Market to bounce back in 2-3 sessions
MFs remain net sellers in equities worth Rs 1,990 mn on Dec. 17
FIIs turn net sellers in equities worth Rs 10,987 mn on Dec. 17
PM panel on trade discuss adverse impact of rising Rupee
FDI inflows grows 65% to USD 7.2 bn in H1
NAVs of equity diversified funds decline 1.71% last week
Union bank to foray into MF biz
Webel-Sl Energy to consider hiking share capital
IFCI issues equity shares to public sector banks
ArcelorMittal completes 27 mn share buyback programme
Rosehill & its affiliates to invest USD 125 mn in JBF Global
IL&FS-Milestone Fund-I attracts Rs 5 bn initial subscription
Texmaco seek members` nod for merger
Jyothy Labs to list on Dec. 19
SRF to set up two greenfield plants
Net tax collections rose 42.5% to Rs 1,644.07 bn
SB&T Int`l to takeover Mimansa Jewellery
Diamond Cables to bag order for power transformers
Steel Strips gets fresh export orders from Peugeot
SEBI plans mini contracts induction in equity derivatives mrkt
SEBI proposes 7 new trading instruments in F&O segment
HDIL to enter entertainment sector
Tata Projects to acquire Arston Engg.
Jai Balaji to dilute 15% stake to Citi VC & India Equity
-----------------------------------------------------
Moneycontrol.Com
Mkts may stabilise around current levels: Experts
Mkt doesn't see big sell-offs from large funds now
Mount these midcaps at the top of your portfolio
Goldman may post better nos than MS, BS
India Infoline to set up Asset Management Co
Bombay HC approves Bajaj Auto demerger
Essar Oil to raise $2 bn via GDS
TV18- Jagran Prakshan JV for biz newspaper
BF Utilities,RIL, Wipro bag MOFSL's Wealth Creation Awards
Ispat Ind has target of Rs 101: A Chakrabarty
Buy PVR; target of Rs 405: Kotak Securities
Vesuvius can double in 2 years: DD Sharma
Source: http://www.moneycontrol.com and www.myiris.com. We thank (will be grateful to) the owners of the above articles/sites/sources/Govts for allowing/referring this. We are just providing the link/information of business updates from the leading sources for the benefit of readers. Viewers are strictly advised to take own decision in Stock buying and make verification about the information. Blog is not responsible for any faulty information.
Sensex ends 182 pts down : SIfy India
Sensex ends 182 pts down
The market opened on a negative note on weak global cues this morning but bounced back amid high volatility within the next few minutes. However, with participants staying wary of building up positions and choosing to exit at every noticeable rise, equities had a highly choppy session today.
The Sensex, which hit a high of 19,375.07 and had a roller-coaster rise right through the session, ended the day with a big loss of 181.71 points or 0.94% at 19,009.35, off an intra-day low of 19,009.35. From a lifetime high of 20,498.11 it had touched at the opening bell on Friday, the 13th December 2007, it has been a steep slide down south for the Sensex in just three sessions.
The Nifty, which swung in an intra-day range of 164 points - it hit a high of 5874.60 and a low of 5710.60 today - settled at 5742.30 with a loss of 0.6% or 34.70 points.
Though as many as twelve Sensex components finished in the positive territory, only a few stocks closed with significant gains. Cipla, the star performer from the pack, ended with a gain of 3.8% at Rs 215.75. ITC ended 2.25% up at Rs 197.85. NTPC and Ranbaxy Laboratories gained 1.7% and 1.05% respectively.
Maruti Suzuki (0.8%), Bharti Airtel (0.65%), ACC (0.5%) and DLF (0.5%) also closed on a firm note. Tata Motors, Tata Consultancy Services, Bajaj Auto and Grasim Industries settled with small gains. Hindustan Unilever (down 3.35%), Larsen & Toubro (down 2.8%), ICICI Bank (down 2.25%), HDFC (down 2.25%), Reliance Industries (down 1.75%), ONGC (down 1.4%), HDFC Bank (down 1.25%), BHEL (down 1.2%), Reliance Energy (down 1.1%) and Mahindra & Mahindra (down 1.05%) declined sharply.
Tata Steel, Ambuja Cements, Hindalco, Reliance Communications and State Bank of India also ended with sharp losses. Satyam Computer Services, Wipro and Infosys Technologies closed with marginal losses. Tata Power, Sterlite Industries, VSNL, Unitech, Punjab National Bank and HCL Technologies were among the major losers from the Nifty fold.
BPCL rallied smartly in afternoon trade and finished with a handsome gain of 5.1%. Sun Pharmaceuticals shot up by 4.3%. Cairn India, Suzlon Energy, Reliance Petroleum and Siemens closed with smart gains. GAIL India and Idea Cellular also ended with notable gains.
Besides sector heavyweights Cipla, Ranbaxy Laboratories and Sun Pharmaceuticals, a few other pharma stocks ended the day on a high note. JB Chemicals jumped 8%. Nicholas Piramal, which topped the list of gainers from the healthcare index, surged 7.3% today. Sun Pharma Advanced Research, Bilcare, Cadila Healthcare, Glenmark Pharmaceuticals, Dishman Pharma and Aventis Pharma also closed with impressive gains.
Gujarat Industries & Power, Neyveli Lignite Corporation, Titan Industries, Rashtriya Chemicals & Fertilizers, Jet Airways, Ispat Industries, Chambal Fertilizers, Indian Oil Corporation, Mastek, Omaxe, GMR Infrastructure, Sun TV Network, Tata Chemicals and Hindustan Petroleum Corporation gained significant ground today.
Midcap stocks SpiceJet, Deccan Aviation, GTL Infrastructure, Coromandel Fertilizers, Gujarat Alkalies, India Infoline, Redington India, Dish TV, SSI, Essar Shipping, Renuka Sugars, Max India, AIA Engineering, Hindustan Construction Company and Bajaj Auto Finance also ended with notable gains.
The market breadth was weak as several midcap and smallcap stocks also recorded losses. Out of 2930 stocks traded on BSE today, 1225 stocks closed with gains. 1672 stocks finished on the losing side and 33 stocks ended at their previous closing prices.
The market opened on a negative note on weak global cues this morning but bounced back amid high volatility within the next few minutes. However, with participants staying wary of building up positions and choosing to exit at every noticeable rise, equities had a highly choppy session today.
The Sensex, which hit a high of 19,375.07 and had a roller-coaster rise right through the session, ended the day with a big loss of 181.71 points or 0.94% at 19,009.35, off an intra-day low of 19,009.35. From a lifetime high of 20,498.11 it had touched at the opening bell on Friday, the 13th December 2007, it has been a steep slide down south for the Sensex in just three sessions.
The Nifty, which swung in an intra-day range of 164 points - it hit a high of 5874.60 and a low of 5710.60 today - settled at 5742.30 with a loss of 0.6% or 34.70 points.
Though as many as twelve Sensex components finished in the positive territory, only a few stocks closed with significant gains. Cipla, the star performer from the pack, ended with a gain of 3.8% at Rs 215.75. ITC ended 2.25% up at Rs 197.85. NTPC and Ranbaxy Laboratories gained 1.7% and 1.05% respectively.
Maruti Suzuki (0.8%), Bharti Airtel (0.65%), ACC (0.5%) and DLF (0.5%) also closed on a firm note. Tata Motors, Tata Consultancy Services, Bajaj Auto and Grasim Industries settled with small gains. Hindustan Unilever (down 3.35%), Larsen & Toubro (down 2.8%), ICICI Bank (down 2.25%), HDFC (down 2.25%), Reliance Industries (down 1.75%), ONGC (down 1.4%), HDFC Bank (down 1.25%), BHEL (down 1.2%), Reliance Energy (down 1.1%) and Mahindra & Mahindra (down 1.05%) declined sharply.
Tata Steel, Ambuja Cements, Hindalco, Reliance Communications and State Bank of India also ended with sharp losses. Satyam Computer Services, Wipro and Infosys Technologies closed with marginal losses. Tata Power, Sterlite Industries, VSNL, Unitech, Punjab National Bank and HCL Technologies were among the major losers from the Nifty fold.
BPCL rallied smartly in afternoon trade and finished with a handsome gain of 5.1%. Sun Pharmaceuticals shot up by 4.3%. Cairn India, Suzlon Energy, Reliance Petroleum and Siemens closed with smart gains. GAIL India and Idea Cellular also ended with notable gains.
Besides sector heavyweights Cipla, Ranbaxy Laboratories and Sun Pharmaceuticals, a few other pharma stocks ended the day on a high note. JB Chemicals jumped 8%. Nicholas Piramal, which topped the list of gainers from the healthcare index, surged 7.3% today. Sun Pharma Advanced Research, Bilcare, Cadila Healthcare, Glenmark Pharmaceuticals, Dishman Pharma and Aventis Pharma also closed with impressive gains.
Gujarat Industries & Power, Neyveli Lignite Corporation, Titan Industries, Rashtriya Chemicals & Fertilizers, Jet Airways, Ispat Industries, Chambal Fertilizers, Indian Oil Corporation, Mastek, Omaxe, GMR Infrastructure, Sun TV Network, Tata Chemicals and Hindustan Petroleum Corporation gained significant ground today.
Midcap stocks SpiceJet, Deccan Aviation, GTL Infrastructure, Coromandel Fertilizers, Gujarat Alkalies, India Infoline, Redington India, Dish TV, SSI, Essar Shipping, Renuka Sugars, Max India, AIA Engineering, Hindustan Construction Company and Bajaj Auto Finance also ended with notable gains.
The market breadth was weak as several midcap and smallcap stocks also recorded losses. Out of 2930 stocks traded on BSE today, 1225 stocks closed with gains. 1672 stocks finished on the losing side and 33 stocks ended at their previous closing prices.
Other www.Sify.com stories
More @ www.sify.com/finance
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Konw About: ECB (European Central Bank)
European Central Bank (ECB)
The European Central Bank (ECB) is one of the world's most important central banks, responsible for monetary policy covering the 13 member countries of the Eurozone. It was established by the European Union (EU) in 1998 with its headquarters in Frankfurt, Germany.
The predecessor to the ECB was the European Monetary Institute (EMI). It was established at the start of the second stage of the EU's Economic and Monetary Union (EMU) to handle the transitional issues of states adopting the euro and prepare for the creation of the ECB and European System of Central Banks (ESCB). The EMI itself took over from the earlier European Monetary Co-operation Fund (EMCF).[1]
More @ http://en.wikipedia.org/wiki/ECB
Source: http://en.wikipedia.org. We thank (will be grateful to) the owners of the above articles/sites/sources/Govts for allowing/referring this. We are just providing the link/information of business updates from the leading sources for the benefit of readers. Viewers are strictly advised to take own decision in Stock buying and make verification about the information given. Blog is not responsible for any faulty information.
The European Central Bank (ECB) is one of the world's most important central banks, responsible for monetary policy covering the 13 member countries of the Eurozone. It was established by the European Union (EU) in 1998 with its headquarters in Frankfurt, Germany.
The predecessor to the ECB was the European Monetary Institute (EMI). It was established at the start of the second stage of the EU's Economic and Monetary Union (EMU) to handle the transitional issues of states adopting the euro and prepare for the creation of the ECB and European System of Central Banks (ESCB). The EMI itself took over from the earlier European Monetary Co-operation Fund (EMCF).[1]
More @ http://en.wikipedia.org/wiki/ECB
Source: http://en.wikipedia.org. We thank (will be grateful to) the owners of the above articles/sites/sources/Govts for allowing/referring this. We are just providing the link/information of business updates from the leading sources for the benefit of readers. Viewers are strictly advised to take own decision in Stock buying and make verification about the information given. Blog is not responsible for any faulty information.
Personality of the Day: Dhan Gopal Mukerji
Dhan Gopal Mukerji
Dhan Gopal Mukerji (Bengali: ধান গোপাল মুখোপাধ্যায় Dhan Gopal Mukhopaddhae) (July 6, 1890 –July 14, 1936) was the first successful Indian man of letters in the United States. He studied at Duff School (now known as Scottish Church Collegiate School, a constituent unit of Scottish Church College, Calcutta), the University of Calcutta, in India, Tokyo University in Japan and at the University of California, Berkeley and Stanford University in the U.S.
More @ http://en.wikipedia.org/wiki/Dhan_Gopal_Mukerji
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Dhan Gopal Mukerji (Bengali: ধান গোপাল মুখোপাধ্যায় Dhan Gopal Mukhopaddhae) (July 6, 1890 –July 14, 1936) was the first successful Indian man of letters in the United States. He studied at Duff School (now known as Scottish Church Collegiate School, a constituent unit of Scottish Church College, Calcutta), the University of Calcutta, in India, Tokyo University in Japan and at the University of California, Berkeley and Stanford University in the U.S.
More @ http://en.wikipedia.org/wiki/Dhan_Gopal_Mukerji
Source: http://en.wikipedia.org. We thank (will be grateful to) the owners of the above articles/sites/sources/Govts for allowing/referring this. We are just providing the link/information of business updates from the leading sources for the benefit of readers. Viewers are strictly advised to take own decision in Stock buying and make verification about the information given. Blog is not responsible for any faulty information.
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