Punjab National Bank (PNB), India’s second largest public sector bank, has entered into an alliance with four brokerage firms, including Networth Stock Broking and SMC Global Securities, to strengthen its online securities trading services.  
 
Currently, PNB in association with IDBI Capital Market Services, offers online securities trading services to its clients through 139 branches spread across 60 centres all over the country.  
 

Indian Markets closed higher on back on strong global cues and positive reports from

According to the Sunday Times, an 800-million pound refinancing loan for the Tata-owned Jaguar Land Rover (JLR) appears to be on the cards, given the "advanced talks" of the company with British ministers and a banking syndicate led by the Royal Bank of Scotland and Lloyds TSB.

The talks have been somewhat slow since November 2008, with officials being overwhelmed by "the size and power of the vast Tata business empire."

In a recent Confederation of Indian Industries (CII) report titled 'Global Economic Crisis: India's Recovery,' the industry body has said that it would be quite "unrealistic" to expect a high level of Foreign Direct Investment (FDI) into India in the face of the ongoing global economic crisis. As such, the CII anticipates that amid recession the Foreign Institutional Investor (FII) investments would be almost negligible.

With Member of Parliament Ajay Chakraborty allegedly complaining against Bharti Airtel with regard to its revenue reporting on its national long distance license (NLD), the company has come under the scrutiny of the Central Vigilance Commission (CVC).

Chakraborty has alleged that the under-reporting, "anti competitive practice of Bharti Airtel in long distance carriage" may well have resulted in Rs 100 crore yearly losses to the government.

Stock futures lost 1 crore shares in Open Interest, OI. FIIs remained net buyers to the tune of Rs 614 crore in Nifty futures, in which OI went up by 52,896 contracts.

They purchased Rs 235 crore in Nifty options, in which OI stood up by 49,134 contracts.

Nifty futures marked their closure with 13-point premium whereas OI PCR remained unaltered at 1.60 on Thursday.

Nifty 3300 Put appended 13 lakh shares in OI and Nifty 3400 Call added up 5.4 lakh shares in OI.