eCharcha.Com   Support eCharcha.Com. Click on sponsor ad to shop online!

Advertise Here

Go Back   eCharcha.Com > Current Affairs > Economy

Notices

Economy Fiscally fit?

Reply
 
Thread Tools Display Modes
  #1  
Old September 26th, 2010, 10:02 PM
Wormus Ronald Wormus Ronald is offline
Banned
 
Join Date: Sep 2010
Posts: 1
Wormus Ronald is on a distinguished road
A bold step in a new direction

The Bombay Stock Exchange (BSE) secured the permission of the Securities and Exchange Board of India’s (SEBI’s) permission in 1997 to introduce a new form of stock and commodities trade. And, as a result, the brokers of the BSE were free to install their trading terminals in cities where there were no stock exchanges. However, at centers where the other exchanges are located, the BSE must sign a memorandum of understanding with the stock brokers so that they can install the BSE Online Trading System (BOLT) terminals.

In the first phase, the BSE signed a memorandum of understanding with 11 stock exchanges, viz., those at Calcutta (Kolkota), Pune, Ahmedabad, Saurashtra-Kutch (Rajkot), Madhya Pradesh, Vadodara, Bhubaneshwar, Magadh (Patna), Jaipur, Coimbatore and Chennai (Madras) to provide BOLT connections to the brokers of these exchanges. This has since been extended to over 200 cities.

BSE has now added a nationwide network to its existing network. It opted for the VSAT network technology for a number of reasons, including the availability of a satellite link through the indigenous INSAT satellite network. The Very Small Aperture Terminal (VSAT) network went online in September 1997. But, much more needs to be done to effect major changes.

For a commodities trading company the decision of the BSE offers immense opportunities. Gone are the days when everything had to be done manually and using cumbersome procedures. Today, it is possible to get things done at the click of a button. Innovative approaches always do offer certain advantages. The results may not be evident immediately, but it will certainly be possible to see a difference later on.

Scores of new commodities trading companies have now entered this business. They have been able to reap more benefits than through the previous approach. It is now possible to trade in commodities from any part of the globe.













Mod note: not one word edited, deleted, or omitted. Link removed.

Last edited by tantric_yogi; September 26th, 2010 at 10:09 PM.
Reply With Quote
  #2  
Old September 26th, 2010, 10:14 PM
tantric_yogi's Avatar
tantric_yogi tantric_yogi is offline
Member
 
Join Date: Feb 2001
Location: Jumrritalaiya!
Posts: 14,074
tantric_yogi has a reputation beyond reputetantric_yogi has a reputation beyond reputetantric_yogi has a reputation beyond reputetantric_yogi has a reputation beyond reputetantric_yogi has a reputation beyond reputetantric_yogi has a reputation beyond reputetantric_yogi has a reputation beyond reputetantric_yogi has a reputation beyond reputetantric_yogi has a reputation beyond reputetantric_yogi has a reputation beyond reputetantric_yogi has a reputation beyond repute
Re: A bold step in a new direction

Yesterday, I had to go to Bank of Bihar to withdraw Rs. 356. to pay bijli ka bill. Manager told me that our Indian stock market is one of the best performing in the world. Is this true? What makes our Indian stock market so lucrative? Is it safe for me to invest all of Rs. 63492. in stock market? Shall I invest in one go in one company or several companies?
__________________
.................................................
Stupid Opinions ... All Mine ... worth 2 cents ... you can have for FREE.
Jamke Dushmani Karo Humse ... Magar Bas Itni Gunjaesh Hai Aapse
Kal Agar Hum Dost Ban Jaayen ... To Sharminda Na Ho!


LLKC ... pure and unadulterated ... LLKC!

दूर से देखने पर तो यही लगता था ... 'वाह! वहाँ क्या मजा होता होगा!'
बुरे फसें 'मजाल', आ कर जन्नत में ... हमने तो सोचा था, कुछ नया होता होगा!
Reply With Quote
  #3  
Old September 26th, 2010, 11:56 PM
chitrala's Avatar
chitrala chitrala is offline
Clown Prince
 
Join Date: Mar 2006
Location: Room 101
Posts: 8,199
chitrala has a reputation beyond reputechitrala has a reputation beyond reputechitrala has a reputation beyond reputechitrala has a reputation beyond reputechitrala has a reputation beyond reputechitrala has a reputation beyond reputechitrala has a reputation beyond reputechitrala has a reputation beyond reputechitrala has a reputation beyond reputechitrala has a reputation beyond reputechitrala has a reputation beyond repute
Re: A bold step in a new direction

Quote:
Originally Posted by tantric_yogi View Post
Yesterday, I had to go to Bank of Bihar to withdraw Rs. 356. to pay bijli ka bill. Manager told me that our Indian stock market is one of the best performing in the world. Is this true? What makes our Indian stock market so lucrative? Is it safe for me to invest all of Rs. 63492. in stock market? Shall I invest in one go in one company or several companies?
Buy some shares of Bank of Bihar... it is one of the most trusted blue chip companies in the world. I remember the first chairman cum MD of Bank of Bihar, Mr. Ramkhelavan Dubey once famously said "We bank, others tank"... which is so true... other banks like "Bank of Baroda", "Bank of Maharashtra", "Bank of Southern India & other ghastly places" sank without any trace and Bank of Bihar is steady as the Barauni ghat of holy ganges.

It may please you that Bank of Bihar has started a window counter at Bank of Newyork with its services and will be soon listed on Dow-Jones.
__________________
I am here because I am nowhere else. But, am I there where I wanted to be?

Reply With Quote
Reply

Bookmarks


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Forum Jump

Similar Threads
Thread Thread Starter Forum Replies Last Post
Step By Step Direction to Becoming a Movie Star in Bollywood tantric_yogi Films 20 May 9th, 2007 05:22 AM
usindiadefense.com - A step in the right direction padhu Defense 7 August 30th, 2006 01:59 PM
Are you planning on a honeymoon? Here is a step-by-step guide! echarcha Relationships 7 May 25th, 2005 12:18 PM
A Bold Step By Israel Against Islamic Terrorism viking Taaza Khabar - Current news 49 July 29th, 2002 06:45 AM
A step in right direction - Arabs trying to unite finally-Next step get rid of Saddam Freedom_Peace Taaza Khabar - Current news 10 April 2nd, 2002 02:11 PM


All times are GMT -7. The time now is 12:04 PM.


Powered by vBulletin® Version 3.7.2
Copyright ©2000 - 2018, Jelsoft Enterprises Ltd.
Site Copyright © eCharcha.Com 2000-2012.