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Mutual fund transactions just a click away
Online platforms for mutual funds (MFs) could soon become a reality. With the Securities and Exchange Board of India (Sebi) nudging the exchanges – the Bombay Stock Exchange and the National Stock Exchange – to launch such platforms, investors could soon find that buying or selling of mutual funds could be much easier.

Future Group expects Rs 100 crore from media business next year
Kishore Biyani to revamp existing print media business, introduce tailor-made packages for TV advertisers

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Some relief... New market timings from Jan 4
Based on the market feedback, both the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) have decided to postpone the implementation of new markets timings by more than a fortnight.
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Industry wants ban on handsets with cloned IMEI number

Indian Cellular Association (ICA) has demanded counterfeit mobile handsets with cloned International Mobile Equipment Identity (IMEI) numbers of other genuine handsets be banned in the country. - Galla Foods eyes 10% pie of fruit drinks market - Cotton export may rebound to 1.4 MT in 2009-10 - Indian telecom space to witness consolidation: Macquarie - Bank of America narrows list for CEO post: Report - Bharti may bid for Millicom"s assets in Sri Lanka: Kohli - NDTV ties up with Tata Comm for technology On September 3, Department of Telecom (DoT) had directed that all handsets without IMEI numbers be banned with effect from December 1, 2009. “However, the order does not ban the handsets carrying cloned IMEI numbers, which pose as much potential threat to the nation’s security as those without these numbers,” ICA chairperson Pankaj Mohindroo told Business Standard. According to ICA, almost 25 million handsets are currently being used in the Indian market without legitimate IMEI numbers and the bulk of these mobile subscriptions would get disconnected on November 30, 2009.He informed it was a significant practice in the grey markets, where genuine IMEI numbers were copied on many illegal handsets. “Majority of these counterfeit units are sourced from China, since it has become the main supplier of unbranded mobile handsets after the de-licensing of the industry in that country,” he informed. India sells about 10 million handsets every month and there are around 430 million handsets in use. “While this growth is good for mobility and has enhanced the quality of communication, there are some serious concerns. Terrorists may have taken cover under illegal and fictitious IMEI mobile phones, which can be used to trigger a series of criminal activities,” he maintained.


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