BSE, NSE extend trade timings for a fortnight
Mumbai: The Bombay Stock Exchange and the National Stock Exchange have extended trading timings for a fortnight, starting September 25 to October 09, due to sun outage during this period.

According to a NSE release, the Indian Space Research Organisation have informed both the exchanges of 'Sun Outage' between 1125 hrs to 1205 hrs during the above mentioned period.

As a result of which, normal trading will be suspended during that period.

The revised trading timings are as follows:

Markets will open at 0955 hrs and will remain closed between 1125 to 1210 hrs. Markets will reopen 1210 hrs and close at 1615 hrs. The closing session would be between 1635 to 1645 hrs.
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NTPC pays Rs2,308 crore dividend for 2005-06
New Delhi: Public sector NTPC Ltd has paid a dividend of Rs2,308.74 crore for 2005-06, which amounts to 28 per cent of its paid up capital.

The chairman of NTPC, T Sankaralingam presented a dividend cheque of Rs 590.37 crore as the government's share to the Power Minister, Mr Sushilkumar Shinde. The company's shareholders had approved a final dividend of eight per cent amounting to Rs659.63 crore.

Of the total dividend of Rs2,308 crore paid to the shareholders, NTPC paid Rs2,066.29 crore to the government as its share during 2005-06 as against Rs1,771.11 crore in 2004-05.
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Chicago Mercantile Exchange eyes India
New Delhi: The Chicago Mercantile Exchange would like to enter India's commodity derivatives market if the government relaxes its rules, said CME managing director John Davidson.

He said CME also plans to offer its expertise to exchanges in India, and is eager to help enable trading of Indian commodity derivatives elsewhere.

He said, "US investors will be interested in Indian commodity market as they have been in equities."

India allowed trading in commodity futures in 2002. Three exchanges — the National Commodity and Derivatives Exchange, Multi Commodity Exchange, and National Multi Commodity Exchange — were set up in 2003.

The CME, the largest futures exchange in the United States and owner of largest futures clearing house in the world, offers trading in derivatives of interest rates, equities, foreign exchange, agricultural commodities and alternative investments.
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