Govt confident of achieving fiscal deficit target of

THE ECHO OF INDIA SILIGURI
Economy & Business
Saturday December 27, 2014
Sensex up 33 pts, HDFC, Sesa
Sterlite among big gainers
MUMBAI, DEC 26 /—/ In
volatile
trade,
the
benchmark BSE Sensex
Friday rose by 33 points to
close the day at 27,241.78,
mainly helped by gains in
HDFC, Sesa Sterlite, Infosys
and TCS, amidst lack of
fresh market cues.
The BSE index resumed
higher on beginning of
January series in the
derivatives segment. It
gradually started to slip due
to foreign capital outflows.
Later, it wiped off losses
completely and settled the
day at 27,241.78, a rise of
33.17 points or 0.12 per cent,
breaking two days of losses.
In previous two sessions,
Sensex had shed 493.18
points. The 50-share NSE
Nifty after falling to the
day’s low of 8,147.95 staged
a strong comeback to regain
the 8,200-mark to close at
8,200.70, up 26.60 points
from its previous close.
“Lack of market cues
both
globally
and
domestically and liquidity
drench owing to festive
season in the West kept
markets sideways for the
day,” said Rakesh Goyal,
STOCK
Company
LTP
3IINFOTECH
BNKCAP
BITL
CRAVATEX
SUPERTEX
PRABHAVIN
GOLDENTOBC
SHIVACEM
ROSELABS
UNIPLY
PHILIPCARB
GARWALLROP
RCCL
PRIMEPRO-$
GOACARBON-$
SRIND
MINDVISCAP
SHILGRAVQ-$
SCOPEIND
RMGALLOY
FCEL
SHIVAAGRO
JCTEL
ALPSINDUS
JSL
SURANAT&P
CAREERP
SIMPLXREA
MAWANASUG
EPIC-$
SHREEYASH
ARCHIES
FRLDVR
HCL-INSYS
PIONRINV
SHREERAM
POCHIRAJU
HINDCOMPOS
RUCHISTR
ZYDEN
PITTILAM-$
TRANSPEKF
CIMMCO
KANPRPLA
ARIHANT-$
PONNIERODE
CREATIVEYE
RAUNAQAU
MEGASOFT
ALPHAGEO-$
AARVEEDEN
PAEL
ACCURATE
GAEL
DHINDIA-$
NAGREEKCAP
MCSLTD
WEPSOLN
MUKTAARTS
CNEL
GAYATRI
FMNL
BIRLACOT
SPICEJET
VALLABHSQ-$
INNOVTEC
PURSHOTTAM
CANDC
M3GLOBAL
MUKESHB
SAKUMA
DBREALTY
KAMATHOTEL
PEARLPOLY
JKPAPER
CILSEC
HIGHGROUND
ABCIL
STAMPEDE
SURANASOL
VALIANT-$
SALSTEEL
KLIFESTYL
MONNETIN
SABOOSOD
SHRENUJ
GEMINI
ASHCAP
BHRKALM
ZENSARTECH
KAVVERITEL-$
KYRALANDS
PHOENIXLL
MAHACORP
TSPIRITUAL
HBPOR
ISFT
KALPATPOWR
PANORAMUNI
KANIKAIN
RELBANK
NATPLASTI
FOMEHOT
BRANDHOUSE
JASCH
NCOPPER
TRIDENT
SHYAMTEL
KRITINUT
INVPRECQ
PHOENIXTN
SURYALAXMI
RAJINFRA
HOTLSILV
ISWL
HRYNSHP-$
DQE
PATSPINLTD
PNC
AADHAARVEN
RTSPOWR
SREESAKHTI
KANANIIND
BALMLAWRIE
TTL-$
BANG
JINDWORLD
GAINERS
9.84
39.45
28.95
497.00
2.67
1.22
50.85
4.57
36.70
8.79
153.90
198.95
25.00
22.00
87.40
5.19
16.85
49.00
9.50
4.34
11.68
20.50
0.70
1.75
36.80
8.04
135.15
142.00
11.39
11.15
14.47
28.20
53.05
47.70
15.00
113.85
36.70
1039.50
4.95
6.83
72.30
11.26
71.90
76.85
59.75
143.95
3.99
21.65
5.00
532.20
46.60
11.00
30.35
48.15
18.00
20.45
7.64
15.30
28.60
491.00
2.87
11.00
0.12
19.25
19.90
23.00
20.00
35.00
47.00
24.75
21.05
59.00
77.75
16.40
32.15
18.30
284.95
219.45
162.35
60.45
23.95
2.59
0.26
25.70
13.10
54.00
1.49
2.59
0.82
623.55
14.20
8.39
113.35
0.44
0.88
23.00
57.95
216.15
11.25
0.15
2100.00
20.45
89.50
1.82
18.25
1.85
25.50
31.00
4.50
101.80
28.75
101.35
9.40
4.39
3.30
59.00
26.40
8.86
15.60
0.33
28.95
14.80
8.83
609.40
38.50
11.40
117.00
Senior Vice President,
Bonanza Portfolio.The first
day of new monthly
derivatives
contract
attracted buying in IT,
realty and metal counters
which aided the Sensex to
land in positive terrain at
close,
brokers
said.
European markets and from
some Asian bourse remained
closed for trade on account
of Christmas holidays.
Brokers said they expect
fresh foreign funds to flow
after on-going Christmas
holidays and in the next
calender year. Investors
refused to take big risks
ahead of the year-end
holidays, they added.
Foreign
portfolio
investors sold shares worth
a net Rs 2,808.27 crores on
Wednesday,
as
per
provisional data.
QUOTATIONS
Change %Change
1.64
6.55
4.80
82.40
0.44
0.20
8.15
0.71
5.65
1.35
23.00
29.30
3.60
3.10
12.30
0.69
2.15
6.20
1.20
0.53
1.42
2.35
0.08
0.20
4.05
0.88
14.40
14.95
1.18
1.15
1.47
2.80
5.25
4.60
1.40
10.45
3.35
94.50
0.45
0.62
6.55
1.02
6.50
6.95
5.40
13.00
0.36
1.95
0.45
47.50
4.15
0.98
2.65
4.15
1.55
1.75
0.65
1.30
2.40
41.10
0.24
0.92
0.01
1.60
1.65
1.90
1.65
2.85
3.80
2.00
1.70
4.75
6.25
1.30
2.55
1.44
22.40
17.20
12.70
4.70
1.85
0.20
0.02
1.95
0.98
4.00
0.11
0.19
0.06
44.45
1.00
0.59
7.75
0.03
0.06
1.55
3.90
14.50
0.75
0.01
140.00
1.35
5.90
0.12
1.20
0.12
1.65
2.00
0.29
6.55
1.85
6.50
0.60
0.28
0.21
3.75
1.65
0.54
0.95
0.02
1.75
0.89
0.53
36.45
2.30
0.68
6.90
20.00
19.91
19.88
19.87
19.73
19.61
19.09
18.39
18.20
18.15
17.57
17.27
16.82
16.40
16.38
15.33
14.63
14.49
14.46
13.91
13.84
12.95
12.90
12.90
12.37
12.29
11.93
11.77
11.56
11.50
11.31
11.02
10.98
10.67
10.29
10.11
10.04
10.00
10.00
9.98
9.96
9.96
9.94
9.94
9.94
9.93
9.92
9.90
9.89
9.80
9.78
9.78
9.57
9.43
9.42
9.36
9.30
9.29
9.16
9.14
9.13
9.13
9.09
9.07
9.04
9.00
8.99
8.86
8.80
8.79
8.79
8.76
8.74
8.61
8.61
8.54
8.53
8.50
8.49
8.43
8.37
8.37
8.33
8.21
8.09
8.00
7.97
7.92
7.89
7.68
7.58
7.56
7.34
7.32
7.32
7.23
7.22
7.19
7.14
7.14
7.14
7.07
7.06
7.06
7.04
6.94
6.92
6.90
6.89
6.88
6.88
6.85
6.82
6.81
6.80
6.79
6.67
6.49
6.48
6.45
6.43
6.40
6.39
6.36
6.35
6.34
6.27
Company
POLYTEX
HPCBL
ALPSINDUS
VAKRANGEE
FIVEX
BILPOWER
SABOOSOD
KUWERIN
SHALPRO
KARMAENG
TODAYS
DRDATSONS
EXPOGAS
SPECIAPP
MAHACORP
BANG
INDCTST
SKPSEC
MONNETIN
EBFL
CML
KSERASERA-$
RCLENDPLBG
MCSLTD
OROSMITHS-$
YASHMGM
SB&TINTL
BLBLIMITED
RDEVCAB
STEELCO
KAJARIR
PRIYALT-$
KMCSHIL
ASIANOI
JINDCAP
PNC
ALKA
VEERHEALTH
INDBANK
BINNYMILLS
WEBELSOLAR
RAMAPPR-B
HCL-INSYS
UVBOARDS
SHARONBIO
MALUPAPER
ALFATRAN
SKYLMILAR
TANTIACONS
ROSELABS
BABA-$
GONTER
SUDAI
SAHARAHOUS
TARMAT
PRIMEPRO-$
PANCHMAHQ
PRITHVI
PHOENIXTN
EMPEESUG
LAFFANSQ-$
DIAMINESQ-$
SALONACOT
SANJIVIN
NIKKIGL
INDINFO
STEELCAS
PRADIP
CINEVISTA
HEXATRADEX
REXNORD
IIFL
ALSL
JMFINANCIL
POLARIS
RAMAPHO
FERROALL
RUSHIL
KADCONS
AKARTOOL
EMAMIPAP
KOHINOORBRO
CONART-$
EASTSILK
DWARKESH
TORNTPOWER
PRAKASHSTL
INTECCAP
RIBATEX
SWITCHTE
SAWABUSI
CINELINE
SVGLOBAL
WIREFABR
XPROINDIA
KAYCEEI
FAZE3Q-$
UPERGANGES
PATINTLOG-$
JAMSHRI-$
MRO-TEK
JHS
ORIENTPPR
LEENEE
DBREALTY
CAREERP
DHARSUGAR
SIKA
SWASTIVI
GOKEX
NETTLINX
ENVAIREL
RAJABAH
INLCM
ASISL
CTRNIND
1STCUS
CEATFIN
MEUSEKARA
ZANUKCOM
SRIVAJRA
SHKARTP
HELLAIND
BEMHY
ZBINTXPP
NICCOUCO
SIDDHATUBE
LTP
Change %Change
LOSERS
6.40
600.00
1.60
113.90
0.83
1.40
15.24
28.60
1.60
17.75
2.10
10.41
7.07
1.77
0.41
10.05
27.25
23.20
25.20
449.55
189.50
6.49
9.91
7.32
10.05
8.87
1.28
5.21
2.48
5.26
333.10
32.50
2.66
34.50
4.99
14.85
0.10
2.33
7.59
473.55
14.30
9.25
44.90
4.40
39.45
11.50
22.00
3.63
18.80
33.55
5.75
10.16
14.60
45.25
22.00
20.35
58.50
3.29
31.00
3.85
8.01
31.35
26.00
13.75
104.55
1.41
37.00
1.87
3.60
23.05
22.40
153.30
6.00
45.15
180.55
29.90
6.45
57.85
2.82
26.05
45.00
0.16
20.05
2.25
29.05
169.70
120.00
97.10
16.50
110.30
65.95
11.25
198.00
105.50
37.65
3378.00
16.90
37.25
140.65
22.00
18.23
8.40
24.20
2.70
55.90
120.00
16.50
84.45
2.06
66.75
28.40
20.90
4261.25
826.75
1750.85
9.50
11.59
2.09
6.46
0.38
3.80
9.70
469.70
95.00
744.80
1.14
8.55
-1.60
-135.90
-0.30
-20.90
-0.15
-0.25
-2.71
-4.50
-0.24
-2.65
-0.30
-1.47
-0.93
-0.23
-0.05
-1.20
-3.20
-2.65
-2.80
-49.95
-21.05
-0.72
-1.10
-0.81
-1.11
-0.97
-0.14
-0.57
-0.27
-0.57
-35.90
-3.50
-0.28
-3.60
-0.51
-1.50
-0.01
-0.23
-0.73
-45.00
-1.35
-0.85
-4.10
-0.40
-3.50
-1.00
-1.90
-0.31
-1.60
-2.80
-0.48
-0.84
-1.20
-3.65
-1.75
-1.60
-4.50
-0.25
-2.35
-0.29
-0.59
-2.30
-1.90
-1.00
-7.45
-0.10
-2.60
-0.13
-0.25
-1.60
-1.55
-10.55
-0.40
-3.00
-11.85
-1.95
-0.42
-3.75
-0.18
-1.65
-2.85
-0.01
-1.25
-0.14
-1.80
-10.50
-7.40
-5.90
-1.00
-6.60
-3.95
-0.67
-11.75
-6.20
-2.20
-196.65
-0.98
-2.15
-8.05
-1.25
-1.02
-0.47
-1.35
-0.15
-3.10
-6.65
-0.90
-4.55
-0.11
-3.55
-1.50
-1.10
-224.25
-43.50
-92.15
-0.50
-0.61
-0.11
-0.34
-0.02
-0.20
-0.51
-24.70
-5.00
-39.20
-0.06
-0.45
-20.00
-18.47
-15.79
-15.50
-15.31
-15.15
-15.10
-13.60
-13.04
-12.99
-12.50
-12.37
-11.63
-11.50
-10.87
-10.67
-10.51
-10.25
-10.00
-10.00
-10.00
-9.99
-9.99
-9.96
-9.95
-9.86
-9.86
-9.86
-9.82
-9.78
-9.73
-9.72
-9.52
-9.45
-9.27
-9.17
-9.09
-8.98
-8.77
-8.68
-8.63
-8.42
-8.37
-8.33
-8.15
-8.00
-7.95
-7.87
-7.84
-7.70
-7.70
-7.64
-7.59
-7.46
-7.37
-7.29
-7.14
-7.06
-7.05
-7.00
-6.86
-6.84
-6.81
-6.78
-6.65
-6.62
-6.57
-6.50
-6.49
-6.49
-6.47
-6.44
-6.25
-6.23
-6.16
-6.12
-6.11
-6.09
-6.00
-5.96
-5.96
-5.88
-5.87
-5.86
-5.83
-5.83
-5.81
-5.73
-5.71
-5.65
-5.65
-5.62
-5.60
-5.55
-5.52
-5.50
-5.48
-5.46
-5.41
-5.38
-5.30
-5.30
-5.28
-5.26
-5.25
-5.25
-5.17
-5.11
-5.07
-5.05
-5.02
-5.00
-5.00
-5.00
-5.00
-5.00
-5.00
-5.00
-5.00
-5.00
-5.00
-5.00
-5.00
-5.00
-5.00
-5.00
-5.00
Govt confident of achieving
fiscal deficit target of 4.1%
NEW DELHI, DEC 26 /—/ The Union
government is committed to containing
fiscal deficit at 4.1 percent of the Gross
Domestic Product (GDP) this fiscal,
Union Minister of State for Finance
Jayant Sinha said on Friday.
“We are considering all options
(cutting e xpenditure). We are very
confident that we will be able to
achieve fiscal deficit target of 4.1
percent in the current fiscal year,”
Sinha said on the sidelines of an event
here.
Recently, the ‘Mid-Year Economic
Analysis 2015’ tabled in Parliament has
also said the government is “committed
to meeting the fiscal targets for FY
2015, despite the difficult odds
engendered by a combination of..
Factors”.
The government has targeted
fiscal deficit of 4.1 percent of GDP for
FY 15, down from 4.5 percent in the
previous year and plans to reduce it
further to 3 percent by 2016-17.
Asked whether, the government is
considering relaxing fiscal deficit
targets to give itself room to revive
public investments, Sinha said :”We
think it’s very important to
demonstrate fiscal prudence that
establishes our credibility globally as
Cutty Sark enters Eastern India
50:50 JV inked between
Kyndal Group & Edrington
EOI CORRESPONDENT
KOLKATA, DEC 26/—/Kyndal Group and Edrington
publicized a 50:50 mutual enterprise - Edrington
Kyndal India Pvt Ltd - to bottle and promote Cutty
Sark blended Scotch whisky in the Kolkata market.
For the first time in the brand’s history, Cutty Sark
will be bottled outside of Scotland.
Glen Gribbon,
Director of Blends
for
Edrington,
David Pattison,
Edrington’s Area
Director for India,
and
Siddharth
Banerji
M a n a g i n g
Director, Kyndal
Group announced
the partnership
recently.
Mr
Banerji
said,
“We are
delighted to be
associated with a
brand like Cutty
Sark, which has a
great history and
story behind it.
Our
JV
with
Edrington will bring this outstanding premium brand
to the Indian shores.”
Mr Gribbon said, “The market for Scotch whisky
is g r owing interna tionally. We believe that
Edrington’s expertise in premium spirits, combined
with Kyndal’s strong distribution, creates a great
opportunity to make Cutty Sark more accessible to
premium consumers in the dynamic and growing
Indian market.”
“Cutty Sark is a blend of the best grain whisky and
finest malts in the world such as The Macallan and
Highland Park. This blend will be imported in bulk
from Scotland and Kyndal will use its best-in-class
bottling facility at Gemini Distilleries in Goa to bottle,
pack and market Cutty Sark. This will ensure that the
Indian consumers get access to the original Cutty
Sark in an exciting award winning pack,” added Mr.
Banerji.
TENDER
TENDER
e-Tender for N.I.T No :- WBPWD/
SENEC/ NIT- 63/ 2014-2015 is
invited by the Superintending
Engineer, P.W.D./ Northern Electrical Circle, near 2nd
Mahananda Bridge, Hill Cart
Road, Siliguri, Pin- 734001,
Dist.- Darjeeling, for the work of
“E.I of the newly const. 1st Floor &
Hall at 2nd Floor of Sardeswari
Govt. Girl’s School, Darjeeling in
the dist. of Darjeeling” and last
date for submission of tender
05.01.2015 upto 4.00 p.m. All
details can be seen from the
website- http://etender.wb.nic.in
or http:// www.pwdwb.in or office
of the undersigned during office
hours.
e-Tender for N.I.T No :- WBPWD/
SENEC/ NIT- 66/ 2014-2015 is
invited by the Superintending
Engineer, P.W.D./ Northern Electrical Circle, near 2nd
Mahananda Bridge, Hill Cart
Road, Siliguri, Pin- 734001,
Dist.- Darjeeling, for the work of
“E.I work incl. compound lighting
of proposed Academic-cum-administrative Bldg. for new Polytechnic Institute as per present
A.I.C.T.E norms at Islampur,
Uttar Dinajpur under Islampur
Elect. Section, P.W.D” and last
date for submission of tender
09.01.2015 upto 4.00 p.m. All
details can be seen from the
website- http://etender.wb.nic.in
or http:// www.pwdwb.in or office
of the undersigned during office
hours.
SE/ NEC P.W.D.
SE/ NEC P.W.D.
TENDER
TENDER
e-Tender for N.I.T No :- WBPWD/
SENEC/ NIT- 65/ 2014-2015 is
invited by the Superintending
Engineer, P.W.D./ Northern Electrical Circle, near 2nd
Mahananda Bridge, Hill Cart
Road, Siliguri, Pin- 734001,
Dist.- Darjeeling, for the work of
“E.I work for const. of Proposed
“Krishi Bhawan” in the Dist. H.Q.
of Dakshin Dinajpur, Balurghat
Municipality- (Phase-II)” and last
date for submission of tender
09.01.2015 upto 4.00 p.m. All
details can be seen from the
website- http://etender.wb.nic.in
or http:// www.pwdwb.in or office
of the undersigned during office
hours.
e-Tender for N.I.T No :- WBPWD/
SENEC/ NIT- 64/ 2014-2015 is invited by the Superintending Engineer, P.W.D./ Northern Electrical Circle, near 2nd Mahananda
Bridge, Hill Cart Road, Siliguri,
Pin- 734001, Dist.- Darjeeling,
for the work of “E.I work for
const. of S.D Court Bldg, within
the court campus at Islampur in
the dist. of Uttar Dinajpur.
(Phase-II) ” and last date for submission of tender 09.01.2015
upto 4.00 p.m. All details can be
seen from the website- http://
etender.wb.nic.in or http://
www.pwdwb.in or office of
the undersigned during office
hours.
SE/ NEC P.W.D.
SE/ NEC P.W.D.
e-Tender
Notice Inviting Tender No. WBIW/ EE/ SLGID/ NIT- 01(e)/ 2014-15
Open tender is invited by the Executive Engineer, Siliguri Irrigation
Division, Siliguri on behalf of Governor of W.B. for the work mentioned here under through e-Tendering from the eligible & resourceful Contractors have sufficient credential & financial capacity for
execution of work of similar nature. Details of NIT & Tender documents may be downloaded from www.wbiwd.gov.in or https://
wbtenders.gov.in on & from 23.12.2014 after 16:00 hrs. Bid submission end date 06.01.2015 up to 17:00 hrs.
Sd/Executive Engineer, Siliguri Irrigation Division, 26,
Nabinsen Road, Mahanandapara, P.O. Siliguri,
Dist.- Darjeeling.
well. As of now, we are very much on
road map and continue to pursue that.
“Obviously we need to be able to
find resources for public investments
and kick start the investment
sentiments and we are working very
hard on that as well and also number
of innovative things we intend to do.”
On whether the government is
considering extending excise duty
concessions for auto companies
beyond December 31, the Minister
said,”excise matter (for auto sector) is
under consideration. Union Finance
Minister Arun Jaitley has said lets
wait till December 31.” (PTI)
SpiceJet shares zoom 9%
on proposed revival plan
MUMBAI, DEC 26 /—/ Shares of SpiceJet surged 9 per
cent on Friday following reports that the budget carrier
would submit a revival plan to the government on the basis
of a proposed investment of USD 200 million from founding
promoter Ajay Singh and US-based JP Morgan Chase.
SpiceJet’s scrip jumped 9.07 per cent to settle at Rs 19.25 on
the BSE. During the day, it gained 11 per cent to Rs 19.60.
In terms of volume, 311.76 lakh shares of the company
changed hands on the BSE during the day.
SpiceJet would submit a revival plan to the
government today on the basis of a proposed investment of
USD 200 million from founding promoter Ajay Singh and
US-based JP Morgan Chase, official sources had said
yesterday. The potential investors are likely to buy stake
from current promoter Kalanithi Maran by infusing USD
200 million within a month to help the airline stay afloat.
Besides Singh, a fund managed by JP Morgan Chase would
also be one of the investors, official sources had said.
The airline has already received Rs 17 crore from the
investors, the sources had said, adding that “it has wiped off
all its dues to the oil companies”.
The no-frill carrier’s dues to foreign and Indian vendors,
airport operators and oil companies had grown from Rs 990
crore to Rs 1,230 crore between November 24 and
December 10, as per data provided by the airline to the
Civil Aviation Ministry. (PTI)
Jaitley asks taxmen
to be ‘firm and fair’
NEW DELHI, DEC 26 /—/
Asking the new Indian
Revenue Service officers to
be ‘firm and fair’ in tax
collection,
Finance
Minister Arun Jaitley
Friday said a taxman’s job
does not involve giving any
concessions or discounts.
“Your job in the matter
of tax collection has to be
guided by firmness and
fairness. A taxman’s job is
mixed, he has to be firm and
he has to be fair. There are
no discounts or concession
which he is entitled to
give,” Jaitley said.
Speaking at an event to
inaugurate the Professional
Training of the 66th batch
of IRS (Customs & Central
Excise) probationers here,
Jaitley also asked the new
officers to maintain a fine
balance between what taxes
are to be charged and what
not. “... it is your
responsibility to see tax laws
are implemented strictly.
Whatever tax is chargeable
is being charged and what is
not chargeable is not
charged. It is this fine
balance which you have to
make,” Jaitley said.
Noting
that
the
government is not an easy
place to work, the Finance
Minister advised young
Indian Revenue Services
officers to do things which
effectively pass ethics of
morality.
7
Rupee down
6 paise Vs
$ at 63.57
MUMBAI, DEC 26 /—/
Continuing its descent for
the
third
straight
session, the Indian rupee
Friday declined by six
paise to close at 63.57
against the Greenback
following
sustained
month-end
dollar
demand from importers
and capital outflows.
A modest recovery in
local equities, however,
capped the rupee fall to
some extent while dollar
index was almost stable
in overseas market in
thin trade. At the
Interbank
Fo reign
Ex chang e
(Fo rex)
market, the domestic
currency resumed better
at the day’s high of 63.45
a dollar from its previous
close of 63.51.
However, it later fell
back
on
continued
month-end
dollar
demand from importers,
mainly oil refiners, and
persistent capital inflows
to a low of 63.70. It
recovered some ground to
settle at 63.57, showing a
fall of six paise or 0.09 per
cent.
In a lacklustre trade
on Friday, the benchmark
S&P BSE Sensex edged up
by 33.17 points, or 0.12
per cent, breaking twoday declining trend. FPIs
sold shares worth Rs
2,808.27
crore
on
December 24, as per
provisional data.
Pramit Brahmbhatt,
Veracity Group CEO, said,
“...Indian Rupee traded
weak and depreciated by
six paise, taking cues
from FIIs profit booking
and dollar demand from
oil
companies.
The
trading range for the spot
rupee is expected to be
within 63.20 to 64.00.” In
the forward market,
premia continued to
trade weak on sustained
receipts by exporters. The
benchmark six-month
premium payable in May
declined to 189.5-191.5
paise from 192.75-194.5
paise previously.
Forwa rd contr acts
maturing in November
2015 dropped to 394.5396.5 paise from 399.5401.5 paise.
The Reserve Bank of
India fixed the reference
rate for dollar at 63.6355
and for euro at 77.7435.
(PTI)
Sebi fines 2 entities in Onelife Capital IPO
MUMBAI, DEC 26 /—/ Sebi has imposed
a fine of Rs 10 lakh each on Fincare
Financial and Consultancy Services and
Precise Consulting & Engineering for
failing to furnish documents sought by the
regulator in the matter of Onelife Capital
Advisors’ IPO.
The Securities and Exchange Board of
India (Sebi), in two separate orders, had
sought information reg arding ‘leave and
license agreement’ issued to these entities,
details of all bank account statement of
these entities, details of annual reports as
well as shareholding pattern and among
others.
“I am of the view that the ‘leave and
license agreement’ furnished by the noticee
(Fincare Financial and Consultancy
Services and Precise Consulting &
Engineering) to the IA in response to the
summons (issued by Sebi)...was indeed a
false and forged information,” Sebi
Adjudicating Officer A Sunil Kumar said in
orders dated December 23.