Exchange suspends trading in BoR shares MUMBAI: The Jaipur Stock Exchange on Wednesday suspended trading in shares of Bank of Rajasthan which has been merged with ICICI Bank for violation of the listing agreement with the bourse. The information and announcements made by the Bank of Rajasthan in compliance with the Listing Agreement were misleading and a mis-statement and non-disclosure of material facts in regard to the merger scheme, the exchange said in an order. HC notice to RNRL,RPower over deal Chennai: A minority shareholder has dragged the Anil Dhirubhai Ambani Group to court for allegedly violating minority shareholders interest in the recently-announced RNRL-Reliance Power merger. The Madurai Bench of the Madras High Court has issued notices to the companies,Sebi and the Union Company Affairs Secretary on the petition. Indiabulls shares zoom on stake-sale buzz Mumbai: Shares of Indiabulls Financial on Wednesday jumped 5.5 per cent on the BSE,amid reports that the firm may sell its up to 26 per cent stake in Indian Commodity Exchange to an ADAG entity,but pared early gains to close marginally higher. The scrip started the day on a strong note on the BSE and zoomed 5.6 per per cent to touch a high of Rs 162. However,profit booking dragged the stock down and it settled the session with a marginal gain of 0.62 per cent at Rs 154.25. SAIL plans to develop wagon unit with RITES New Delhi: State-run SAIL on Wednesday said it will enter into a pact next month with RITES,a subsidiary of Indian Railways,for jointly setting up a railway wagon making unit in Kulti,in West Bengal. We will sign the agreement next month for the joint-venture unit with RITES, SAIL Chairman CS Verma told reporters on the sidelines of a book launch function here. India to cross 1 billion mobile users by 2014 New Delhi: The mobile subscriber base in the country is projected to cross the 1 billion mark by 2014,driven by additions in rural areas,global consultancy firm PricewaterhouseCoopers said on Wednesday. According to a PwC report titled,Indian 3G broadband subscribers,The mobile subscriber base is projected to cross one billion in 2014. State Bank of Indore ups lending rate 50 bps Indore: State Bank of Indore increased its lending rate by 50 basis points in line with the industry trend. The Benchmark Prime Lending Rate (BPLR) of the bank will be 13.25 per cent from Thursday,sources said. With the increase,home,auto and corporate loans become expensive for the existing borrowers. The decision comes days after the parent SBI raised its BPLR by 50 basis points to 12.25 per cent. The new rate of SBI became effective from August 17.
