JRG introduces online trade in commodity markets
Kochi: JRG, one of the leading brokerage houses, has introduced integrated Internet trading venture in commodity and capital markets, a system which would help investors to trade in capital and commodity markets from a single window anywhere in the world.

According to company officials, JRG Securities Ltd, has created its own integrated platform known as I-Trade for the purpose.

JRG has also inaugurated its UAE operations by setting up its first overseas branch in Dubai to provide professional services for the investing community among NRIs in the UAE. Discussions are also on to start branches in Abu Dhabi and Muscat.

The company has also tied up with Tirumala Tirupati Devasthanam in Andhra Pradesh to set up an online commodity trading terminal in the temple complex. Through the terminal, the TTD management could view the commodity prices from NMCE, NCDEX and MCX. The Tirupati Temple is the biggest purchaser of commodities such as sugar, cardamom, cashew in the country, and it is important for them to instantly update about the fluctuations in the commodity markets.

The company has already extended its commodity operations to Tamil Nadu, Andhra Pradesh, Karnataka, Punjab, Uttar Pradesh and Delhi.
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3i Infotech shares close below issue price on debut
Mumbai: Shares of 3i Infotech made their debut on the BSE at Rs105.15 as against the issue price of Rs100. After touching a high of Rs107.90 and a low of Rs95.55 for the day, it closed the session at Rs97.80.

At the NSE, the stock opened at Rs118 and closed at Rs96.20. The high and the low for the day were Rs118 and Rs96, respectively.

The company had raised Rs230 crore through its initial public offering.

3i Infotech, formerly known as ICICI Infotech, provides IT solutions to banking, finance and insurance among other sectors.
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Nandan Exim IPO slated for May 12
Ahmedabad: Nandan Exim Ltd, a company of the Rs800-crore Chiripal Group, will be approaching the markets with an initial public offering for 60 lakh shares on May 12.

The company, which is offering a share of Rs10 face value at a premium of Rs10, plans to raise Rs12 crore from the markets. The proceeds will be used for its foray into denim and cotton fabric production, company officials have said.

The company's 20-lakh metre per month facility is likely to go on stream by June 15. The company has already spent Rs32 crore out of the total proposed investment of Rs63 crore. Post-IPO, the promoters' holding in the company would come down to 56 per cent. It has already installed 80 looms at its plant on the outskirts of Ahmedabad and another 16 looms are on their way. The company is also importing a 10 lakh metres per month denim dying and sizing plant from Sucker Muller of Germany.

Nandan Exim hopes to export at least 60 per cent of its total production directly or in finished form. The promoters of Nandan Exim will chip in with about Rs12 crore as promoters' contribution while an equal amount would be raised through the IPO.

The company has already tied up with a State Bank of India-led consortium for the debt component of Rs38.83 crore, officials said.
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