Monitor

Artlogin.com from Tulsyan

CHENNAI: Tulsyan Technologies, a part of the diversified Tulsyan group, has set up Artlogin.com, the newest cyberspace gallery. Besides the routine features, Artlogin.com will focus on contemporary art, selling of art work and educating art buff on its nuances. According to Mr. Sanjay Tulsyan, Vice-President of the group, Artlogin.com will sell art work both online and offline. Artlogin.com, says Mr. Tulsyan, has commitment from 200 top Indian artists to the site. It also has an advisory panel of top artists who will interact with site.

Credence launches inTreasury.com

MUMBAI: Credence Analytics has launched inTreasury.com, a portal dedicated exclusively to the money markets. According to a press release issued here by Credence Analytics, Dealers, bond and security traders, fund managers and corporate treasury managers can log in and have access to the similar data and analytical tools from inTreasury.com that the bigger treasuries use in form of subscription based wire and information services, according to a release. The portal also offers a unique portfolio management module, which is backed by extensive database of over seven years on the Indian money markets.

ING declares dividend on Income Portfolio

MUMBAI: ING Savings Trust has declared a half-yearly post tax dividend of 28 paise per unit (on face value of Rs. 10 per unit) under the Income Option of its open-ended income scheme, ING Income Portfolio. The dividend is payable to all unitholders as on the record date of September 27. The net asset value (NAV) of ING Income Portfolio (Income Option) on the record date was Rs. 10.43.

NSE ready with 'options' software

NEW DELHI: NEW DELHI: The National Stock Exchange (NSE) is awaiting the Securities and Exchange Board of India's (SEBI) green signal for starting trade in index options, the second derivative product after index futures, by this fiscal. ``We are ready with the necessary software for options trade in the exchange. The exchange is waiting for the SEBI green signal,'' NSE vice president Mr. M. L. Soneji told PTI here. The software for options trade is being developed by NSE's software arm NSE.IT and Tata Consultancy Services.

DP services in rural Bengal planned

CALCUTTA: The Calcutta Stock Exchange is planning to approach commercial banks to pursue them to set up depository participant (DP) services in rural areas of West Bengal. The newly-appointed president of the CSE, Mr. Kamal Parekh, said, ``We think that the CSE can reach the rural investors of the State in the changed dematerialised trading scenario only if DPs are available in the districts." Mr. Parekh said that the exchange was planning to set up at least 100 terminals in various districts of the State in an effort to increase its retail business volume and this was not possible if DPs were not there.

Indian School of Business Dean

MUMBAI: The Indian School of Business (ISB), the first international business school in India, has announced the appointment of Prof. Sumantra Ghoshal as founding Dean. Prof. Ghoshal holds the Robert P. Bauman Chair in Strategic Leadership at the London Business School (LBS) where he is a member of the Strategy and International Management faculty.

DoT order for Paramount

NEW DELHI: Paramount Communications, a fast growing telecom cable company, has received Rs. 120 crore order from the Department of Telecommuncations (DoT) for supplying jelly filled cables in the current fiscal. With this order from DoT, Paramount hopes to achieve more than 60 per cent growth in turnover at the end of this fiscal. Paramount, which manufactures optical fibres and other telecom cables, has recently obtained a licence for operating as an Internet service provider (ISP) from DoT, according to a company release.

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