Bizbits

NSE plans internet tradingNEW DELHI: As part of its global strategy, the National Stock Exchange NSE will soon set up trading terminals...

NSE plans internet trading

NEW DELHI: As part of its global strategy, the National Stock Exchange NSE will soon set up trading terminals outside the country and start trading through internet in order to increase business, a senior official of the exchange today said.

quot;Large number of NSE trading members have shown interest in setting up trading terminals outside the country and the exchange is working out the details,quot; NSE Deputy Managing Director Ravi Narain said.

Narain said NSE plans to set up terminals in the United States, United Kingdom, Gulf countries and in South-East Asian countries like Hong Kong and Singapore for equity markets only and has no plans for debt trading.

PNB MF to make EGF-96 open-ended

NEW DELHI: PNB Mutual Fund has decided to make its equity growth fund-1996 EGF-96 an open-ended fund soon in order to provide liquidity to its unit holders.

quot;EGF-96 would be made open-ended shortly and the fund would be approaching Securities and Exchange Board of IndiaSEBI for its approval,quot; PNB Mutual Fund managing director, Ranjan Dhawan said. Under open-ended funds, investors can sell and buy the units of a fund directly from the mutual fund instead of going through the stock market.

France keeps Coke ban

PARIS: France will not yet repeal its ban on some Coca-cola products pending the results of analysis on the drinks, a government source said yesterday.A source close to Bernard Kouchner, a junior Minister in charge of Health, said that analysis of the suspect drinks was not yet complete. France on Wednesday ordered the removal from shops of Coca-cola8217;s top brands, coke, Fanta and sprite which had been bottled at its Dunkirk plant, after around 200 people in Belgium and France complained of vomiting, nausea and dizziness after consuming the drink.

1.3 trillion jetliners needed

Story continues below this ad

MUMBAI: More than 15,500 new jetliners valued at 1.3 trillion will be required by passenger and cargo airlines during the next 20 years, says a Airbus Industrie globalmarket forecast report.

The global market forecast, which tracks the growth and fleet development of 359 airlines and cargo operators around the world, predicts that more than 14,750 new passenger and combi combination of passenger and cargo aircraft jets larger than 70 seats will be required, as will 750 new cargo aircraft with average payload of 52 tonnes.

There will be significant movement of older aircraft during 1999 to 2018. More than 9,900 older passenger and cargo aircraft will be sold on the secondary market or retired.