China has taken its first step towards honouring a pledge to let the exchange rate of its currency float more freely. Beijing announced plans on Saturday to make the yuan more flexible, breaking its strict peg to the US dollar.

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Oil prices have climbed to more than $79 a barrel, reaching the highest levels for five weeks. During Monday’s trading in London, US crude touched $79.12 a barrel before falling back later to $78.77. Heating oil futures led the gains, while London Brent crude rose by

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Gujarat NRE – conversion of FCCBs Gujarat NRE Coke Ltd has announced that the Company at its meeting held on June 26, 2009, has issued and allotted 45,02,016 Equity Shares of Rs. 10/- each at a premium of Rs 34.64 per share pursuant to Conversion Notice(s) received from the holder(s) of FCCBs for conversion of [...]

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Moser Baer – Foreign Currency Convertible Bonds Moser Baer India Ltd has announce the following repurchase of the Foreign Currency Convertible Bonds, particulars of which are set out as follows: Tranche A – Number of Convertible Bonds : 10 – Total Amount Paid : US$ 435000

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Moser Baer – Foreign Currency Convertible Bonds (FCCB) Moser Baer India Ltd has announced the following repurchase of the Foreign Currency Convertible Bonds, particulars of which are set out as follows: Tranche A – Number of Convertible Bonds : 10 – Total Amount Paid : US$ 250,000

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Financial Technologies India Ltd has announced that the Company has repurchased Zero Coupon Foreign Currency Convertible Bonds (FCCBs) aggregating to US$ 3 million at a discount of 37.73% on accreted value as per details mentioned below and shall extinguish the same. – Number of Convertible Bonds : 3000

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Financial Technologies – Foreign Currency Convertible Bonds Financial Technologies India Ltd has announced that the Company has repurchased Zero Coupon Foreign Currency Convertible Bonds (FCCBs) aggregating to US$ 5.50 million at a discount of 37.45% on accreted value as per details mentioned below and shall extinguish the same. – Number of Convertible Bonds : 5500

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Tulip Telecom Ltd has announced that in terms of the approval granted by the Board of Directors of the Company on January 19, 2009 to extinguish, restructure, buyback / redemption of FCCBs, the Company, till date, has repurchased the FCCBs aggregating to US$ 30.50 million

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