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Friday, October 14, 2016

BSE to conduct mock trading session on October 15
Leading bourse BSE will conduct a mock trading session on Saturday to test the system performance. The move is part of the exchange's efforts to provide its members with a robust and efficient system for trading with better features. In three separate circulars, the exchange said it would conduct a mock trading session in currency derivatives, equity and equity derivatives segment on October 15.

Govt backing increases appeal of Indian Gold Coin
Guaranteed purity, hallmarking and standardisation are likely to increase the consumer appetite for Indian Gold Coin, with 85% respondents saying the government's backing made it extremely relevant, World Gold Council said in a report here. Among respondents, 87% said guaranteed purity was extremely relevant to them, with 85% stating that national manufacture and the government backing were relevant, according to the report 'India's gold investment evolution, Indian Gold Coin: An introduction to branded gold coins'.

Airtel, Voda, Idea, others denying inter-connect: Ringo
Calling app company Ringo has alleged that telecom players Bharti Airtel, Vodafone, Idea and Aircel are not providing it network inter-connection to start Internet telephony to provide 50-60% cheaper calls. "We have obtained unified licence for telecom service in Mumbai and have applied for permit in rest of the country. Telecom operators except BSNL are not providing us inter-connection," Ringo co-founder and CEO Bhavin Turakhia told reporters.

Marginal improvement in business optimism for Q4: D&B
India Inc's business optimism for the December quarter increased this year compared with the same period last year, mainly driven by strong public investment in road and railway, and a downward momentum in food inflation, says a Dun & Bradstreet report. The business optimism index (BOI), which measures the pulse of the business community, stood at 80 during the fourth quarter of 2016, an increase of 1% as against the same period last year.

Bank of India bags award
At the recently concluded MCHI CREDAI propery exhibition 2016, held at MMRDA grounds, BKC, Bank of India, was one of the leading banks which participated in the event. It was proud moment for Bank of India, when it was adjudged as best creative stall under BANKING category. The award was received by Bank of India officials, (Left to Right) Yogesh Godge, Rajesh Bhalla, Ankit MIshra and Chandan Kumar alongwith MCHI official, proudly posing with their trophy with cinestar, Esha Gupta.

The Cofounder launches India’s First Startup Magazine
The Cofounder, India’s First Startup Magazine is one of its own kind in the market. The company felicitated the acid attack survivors in spirit of their young women entrepreneurship and for its continued excellence in the field of startup pitch sessions. The Cofounder is first of its kind Start-up Magazine to revive the conventional method of News and Stories especially for the startup ecosystem.  

Muthoot Exim launches “Mobile Muthoot Gold Point’’
Muthoot Exim Pvt. Ltd, the precious metals division of the 129-year-old Muthoot Pappachan Group, has launched ‘’Mobile Muthoot Gold Point,” which allows people to sell their old gold at their doorstep and convenience. The ’Mobile Muthoot Gold Point’ is India’s first mobile gold buying vehicle to collect gold directly from customers at their doorsteps. The unit which was officially inaugurated in Mumbai yesterday, is an on-call service which reaches the doorsteps of those who want to sell their old gold. The public can call on 7356534111 or 9321171122 for the mobile van.

(L-R) Thomas George Muthoot, Director of Muthoot Pappachan Group, Keyur Shah, CEO, Muthoot Precious Metals Division & Thomas Muthoot, Executive Director, Muthoot Pappachan Group.

DRA Consultants lists on BSE SME platform; total reaches 154
DRA Consultants got listed yesterday on BSE's small and medium enterprise (SME) platform yesterday, taking the total of such firms to 154. The Nagpur-based firm's Rs 2.96 crore public issue garnered a record over-subscription of more than 12 times of total shares offered. The IPO closed on October 4. With this, the total number of companies listed on the platform has reached 154. Further, about 36 companies have lined up their IPO plans. As many as 23 SMEs have received approval to float their respective public issues, while another 14 companies have filed filed draft papers with BSE and are awaiting approval from the exchange.

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