Reliance Money opens kiosks for Internet trading
New Delhi: Reliance Capital's stock broking arm Reliance Money has opened web-enabled retail kiosks through which customers can make market transactions.

With this Reliance Capital has become the first Indian company to provide share trading through web-enabled retail kiosks.

Officials said the Internet enabled kiosks will provide the users anytime-anywhere access to Reliance Money's financial transaction portal through which they can invest in various financial Instruments in a secure environment.

In its first phase, the kiosks would be operational at the retail outlets of Reliance Money, which had commenced operations last week across 700 cities.

The kiosks at various retail chains would be launched in the subsequent phases.

The company has tied up with Wincor Nixdorf, a leading global provider of retail banking IT solution with net revenues of 1.4 billion dollars and presence in 90 countries, for these kiosks.

The Anil Dhirubhai Ambani Group firm said it plans to deploy 10,000 such kiosks across the country, for which it is also talking to various retail chains.
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SEBI caps mutual funds' exposure to short-term bank deposits at 15 per cent
Kolkata: SEBI has capped mutual funds' exposure to short-term bank deposits at 15 per cent in order to ensure that the money they have collected are deployed in line with investment objectives.

The regulator referring to clause 8 of Schedule VII of SEBI (Mutual Funds) Regulations, 1996 (pertaining to investment in short-term deposits of scheduled commercial banks, pending deployment), has issued a set of guidelines for parking funds in such deposits.

Short term will be treated as a period not exceeding 91 days, SEBI has stated, adding that no fund can put more than 15 per cent of its net assets in deposits of all scheduled commercial banks put together.

This, however, may be increased to 20 per cent, provided the trustees give prior approval. Additionally, parking of funds in short-term deposits of associate and sponsor scheduled commercial banks together will not exceed 20 per cent of the total deployment in short-term deposits.

Further no fund will park more than 10 per cent of its net assets in short-term deposits with any one scheduled commercial bank (including its subsidiaries). Incidentally, trustees will need to ensure that no money is put in short-term deposits of a bank which has invested in that fund.
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Reliance M-cap shoots up above Rs2 lakh crore
Kolkata: Reliance Industries (RIL) has regained the top slot in terms of market capitalisation at at Rs2,03,400 crore pushing past ONGC at 1,92,500 crore.

On the S&P CNX Nifty RIL earned the highest weighting of 9.8 per cent and the second slot on the BSE Sensex with 11.6 per cent weighting, next to Infosys.

Reliance Industries had also crossed the Rs2-lakh-crore mark in market capitalisation in February this year. Wipro and ONGC have also achieved this milestone. While Wipro crossed the Rs2-lakh crore mark in 2000, ONGC achieved the feat last year. Since then, their capitalisation has fallen below the mark.
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Financial Tech's arm ties up with Next VIEW for real-time market data
Mumbai: Next VIEW, a Singapore based financial information vendor, has tied up with Tickerplant Infovending, an arm of Financial Technologies, to offer real-time Indian equities and commodities market data services in India and globally.

Tickerplant will provide Indian content and real-time market data to more than 5000 Next VIEW terminals spread across Singapore, Malaysia, Thailand, Hong Kong, Vietnam and China in the Asia-Pacific region while NextVIEW will provide international content and real-time data feed to Tickerplant Information Terminals, said a press release.

The Indian real-time market data feed will be from Bombay Stock Exchange, National Stock Exchange, the Multi Commodity Exchange and National Commodities and Derivative Exchange along with other third party content while the international real time data feed will be from CME, CBOT, NYMEX, COMEX, NYBOT, LIFFE and other international exchanges with third party content and financial market news.

The services offered will be based on a globally benchmarked monthly subscription model, the release added.
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