| Online trading 'safe for NRI investors'
MANAMA: Bahrain-based non-resident Indian (NRI) investors have been urged to "cut out the middle man" and use new online technology to manage their investments in Indian markets. At a high-profile launch, Indian firm UTI Securities Limited and its associate company in Bahrain, Indo-Gulf Financial Services Limited, explained the benefits of their new online trading site to an audience of business figures. Promoting the website www.usectrade.com as valuable means for NRIs to oversee their portfolios, investors were told the volume of stock transactions made online will soon overtake that of those conducted through a broker. "There are a lot of disadvantages in conventional trading, as far as the communication part is concerned," UTI Securities vice-president and e-brokering head Rakesh Singh told the GDN.
Online trading portal launched for NRIs - Bahrain
(MENAFN - Bahrain Tribune) Indogulf Financial Services yesterday launched an online trading portal of UTI Securities Ltd, www.usectrade.com targeting the non resident Indians in the Kingdom bringing the NRI investors a real time opportunity to invest in quoted companies stocks by using this cutting edge technology portal.
The Chairman of Indogulf Financial Services Mohammed Al Tajer who highlighted the salient features of this innovative service for the NRIs living in the Kingdom. Present were Vice Chairman Baboo Kewalram and experts from UTI Securities who made a presentation to give a brief look into Indian economy.
Ajit Gandhi, senior manager, UTI Securities' internet trading told Bahrain Tribune that about 4000 NRIs investors in Bahrain would get immediate benefit of this state-of-the-art portal.
Online Trading Firms to Swap Fraud Tips
Representatives from some of the nation's top online stock trading firms will meet with federal law enforcement officials on Friday to discuss ways they can work together to combat Internet fraud. Security experts from E*Trade, Fidelity, TD Ameritrade and Scottrade and other trading firms will meet with agents from the Department of Homeland Security, the FBI and the U.S. Postal Service. The meeting will be held in Pittsburgh at the offices of the National Cyber Forensics Training Alliance (NCFTA), a public-private partnership whose members collaborate on anti-fraud efforts. .
Tokyo, Shanghai Lead Asian Rally
Asian stock markets were buoyant on Monday, lead by shares in Shanghai and Tokyo. The Bank of Japan began a two-day policy meeting at which it's expected to leave its key rate unchanged at 0.5%. Tokyo's 225-issue Nikkei Stock Average closed up 1.5% to 17,743.76. The broader Topix gained 1.2% to 1,738.10. Shanghai's Composite index climbed 2.3% to 3,398.95 while the Singapore Straits Time index rose 1.5% to 3,394.62. South Korea's Kospi added 1.1% to 1,501.06. Bangkok's SET bucked the trend and declined. Stock markets in Hong Kong, Australia, New Zealand and the Philippines were closed Monday for holidays. In Tokyo, the BOJ policy meeting began with investor and analyst expectations that the central bank would continue to keep its key overnight call rate at 0.5%.
Educomp Solutions invests in ThreeBrix E-Services
Educomp Solutions Ltd has made a strategic investment in ThreeBrix E-Services Pvt Ltd by acquiring 76% of the equity capital of the Company.
Bricks eservices owns "The Learning Hour" tutoring service and was started in 2005 by 3 IIM - Ahmedabad graduates, Chandan Aggarwal, Mohit Bansal and Riju Gupta and have gained early success in providing a high quality tutoring service in the Middle East and Dubai markets. The partnership between the Company and 3 Bricks will leverage the Company's large content library and pedagogical materials to provide tutoring in several ways, online, offline and through learning centers mainly focused on serving Indian students. The Company estimates the size of the instructor led tutoring market as over 5000 crores on India and will seek to bring transformational products into this space to better serve over 75 million students in India who access after school tutors.
HandHeld Reports Fourth Quarter and Full Year 2006 Results ...
SAN FRANCISCO -- HandHeld Entertainment, Inc. (NASDAQ:ZVUE), a global digital-media-to-go company, today reported financial results for its fourth quarter and full year ended December 31, 2006. "Our fourth quarter revenue was nearly double the revenue from the first nine months of the year," said Jeff Oscodar, president and chief executive officer of HandHeld. "Our bottom line results are improving, our balance sheet supports our growth strategy and our revenues have increased." Revenue for the fourth quarter of 2006 was $2.5 million, a 148% increase compared to $1.0 million in the fourth quarter of 2005. For the year ended December 31, 2006, revenue was $3.8 million, a 93% increase compared to $2.0 million for the year ended December 31, 2005. Net loss for the fourth quarter of 2006 was $2.3 million, or $0.20 per fully diluted share, compared to a net loss of $2.9 million, or $0.64 per fully diluted share, in the fourth quarter of 2005.
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