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Trade MFs on NSE from Monday
Exchange to launch mutual fund trading platform; BSE set to follow.

High carryover in range-bound market
A breakout is more probable, since the market rarely range-trades inside 150-200 points for extended periods.

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SICAL reports Rs 3 cr net profit
Sical Logistics, has reported a net profit of Rs 3.47 crore for the quarter ended September 30, 2009 as compared to Rs 1.59 crore,a year ago. Company"s total income rose to Rs 127.17 crore from Rs 123.08 crore, an increase of around three per cent.
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Govt to set up two regional directorates of companies

The government will set up two regional directorates to assist companies in the north western and north eastern regions, Parliament was informed today. - Govt can save more on subsidy if gas is priced lower: ADAG - Govt wants carmakers to manufacture models for handicap - Govt to take steps to check price rise: Pranab - J&K govt plans to strengthen Crop Insurance Scheme - Hiranandani may tie-up with Maha govt for affordable housing - Few people get 100-day employment under NREGA The directorates would come up in Ahmedabad in Gujarat and at Guwahati in Assam, Corporate Affairs Minister Salman Khurshid said in a written reply in the Lok Sabha. The locations have been decided after taking into considerations factors like increasing number of companies in the region, accessibility for the corporate sector, development, geographical location among others, he said. Currently, there are four regional directorates in the country, with one each in Mumbai, Kolkata, Chennai and Noida. The directorates supervise the working of the offices of the registrars of companies and the official liquidators working in the respective regions. In addition, they also work with the state as well as central government in matters relating to the administration of the Companies Act.


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