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While the IPO of Microsec Financial Services will close tomorrow, the good news for the company is that it has already been subscribed fully and the company plans to use the proceeds collected from the process to expand its lending business in the country.

BL Mittal, Chairman, Microsec has recently said that the company is very much open to the option of acquisitions and it is looking at both organic and inorganic growth both in the broking and financing activities. The company has also said that it will be investing close to Rs. 120 crore for the organic growth options.

Hexaware Technologies plunged up by 3.82% at Rs 74.70 at around 9:58 IST on BSE subsequent to the company lifted its earnings outlook for Q3 September 2010 to $60 million quoting on enhancing business atmosphere.

The statement was made throughout trading hours today, 20 September 2010.

In the meantime, the BSE Sensex was moving up by 96.64 points, or 0.49%, to 19,691.39. On BSE, 1.83 lakhs shares were dealt in the offset as next to an average every day volume of 2.03 lakh shares in the precedent one quarter.

Aksh Optifibre plunged up by 3.66% to Rs 24.10 at on BSE following the company's panel consent on hoisting up to $333 million in domestic or international market for development.

The company declared this statement on Saturday, 18 September 2010. In the meantime, the BSE Sensex was up by 54.73 points or 0.28% at 19,649.48.

The Haryana government has determined to initiate an e-challaning system for enhanced management of traffic regulations in the state.

According to Financial Commissioner and Principal Secretary, Home Department, Krishna Mohan here today, the E-challaning system might entail of a computer-based centralized catalog of vehicles, driving licenses and traffic infringement and hand-held stuffs with the field personnel to offer them real time connectivity with the pivotal server.

The rupee is anticipated to scale early on Monday, backed by the dollar's weak point alongside main currencies abroad. Traders expressed that they might be inspecting the domestic stock market that has been mounting on the back of rolling foreign portfolio inflows that has also assisted the rupee.

Rupee to go up before time, but stocks observed. The U. S. dollar bordered lower in uncertain Asian trade on Monday in front of a tight week of data and a Federal Reserve discussion where additional quantitative soothing is possible to be conferred if not put into operation.

MCX Stock Exchange Ltd, or MCX-SX, manages the risk of misplacing it’s on hand venture of currency derivatives trading if the capital market watchdogs does not transparent the exchange’s capital recasting and its diligence for dealing in equities.

The Securities and Exchange Board of India is anticipated to convey its judgment on both by 30 September. MCX-SX is endorsed by the Multi Commodity Exchange of India Ltd and Financial Technologies India Ltd.