Monthly archives: April, 2013

23rd April, 2013 : Market cautious ahead of expiry

After rallying for five straight trading sessions, the markets took a breather on Tuesday. After opening on a flat note, the markets remained under pressure throughout the day. However, a sudden bout of buying in the last hour of trade lifted the benchmark indices from the day’s lows. But it was barely sufficient for the …

Mechel Announces Board of Directors’ Resolutions

Moscow, Russia — April 22, 2013 – Mechel OAO (NYSE: MTL), one of the leading Russian mining and metals companies, announces the resolutions of Mechel OAO’s Board of Directors. The Board of Directors of Mechel OAO (the Company) held a meeting on April 19, 2013. The following resolutions were adopted at the meeting: 1. To …

Pune Real Estate – A Brave New World

Kishor Pate, CMD – Amit Enterprises Housing Ltd. Pune is growing – literally every single day. It is home to some of the biggest names in manufacturing, IT, services, retail outlets and more. A steady growth of IT and ITES segments has set off the demand for quality residential projects in new areas of Pune. …

IMF Publishes Revised Guidelines for Foreign Exchange Reserve Management

The Executive Board of the International Monetary Fund (IMF) endorsed the Revised Guidelines for Foreign Exchange Reserve Management on February 13, 2013. Application of these guidelines should strengthen the international financial architecture, promote policies and practices that contribute to stability and transparency in the financial sector, and reduce the external vulnerabilities of member countries. The revision of …