The equity and equity derivative segment of MCX Stock Exchange (MCX-SX) will be inaugurated by Finance Minister P. Chidambaram on February 9. Securities and Exchange Board of India (Sebi) chairman UK Sinha and department of economic affairs secretary Dr. Arvind Mayaram will also be present at the function to be held in Mumbai.
Reliance Industries, which is sitting on over Rs. 75,000 crore in surplus cash, today launched an issue of bonds in Hong Kong and Singapore markets to raise a minimum USD 500 million (around Rs. 2,700 crore), company sources said.
While part-time women workers are ahead of part-time men by more than 5 per cent, among full-time workers in their 20s, wages for men are less than half a percentage point ahead of those for women.
Gold edged up on Monday but struggled to break away from a two-week low hit in the previous session, with a brighter global economic outlook dampening the metal's appeal as a safe haven.
Axis Bank shares jumped over 3 per cent on Monday ahead of its Qualified Institutional Placement (QIP) issue due later this week. QIP enables listed companies to raise capital from domestic markets without submitting any pre-issue filings to market regulator Sebi.
The RBI has been growing in confidence that the government, gripped by inertia for much of last year, is finally doing its bit to lift an economy that has slumped to its slowest pace of growth in a decade.
