Zen Securities launches new financial services in market

Zen Securities Ltd (ZSL), one of the leading financial services company, has announced the launch of a new financial service in the Indian market.

The latest launched service christened Zen Money will offers various products and services like Internet trading, mutual funds advisory and other services.

Apart from this, Zen also launched its online trading initiative on its new website www.zenmoney.com, through which investors can trade online in stocks and futures markets in both the NSE and BSE.

According to the company, the unique feature of Zen Internet trading is its comprehensive information areas such as client's stocks, depository account and mutual fund holdings at one place, enabling clients to check their net worth statement online.

The online trading system also has payment gateways for online transfer of funds through various banks.


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Reliance Industries Purchase an Additional 0.68% Interest in EIH Ltd.

Reliance Industries Purchase an Additional 0.68% Interest in EIH Ltd.

Owner of Energy giant Reliance Industries, Mukesh Ambani has put in an extra 0.68% in EIH Ltd. With this, his total stake in the hotel chain has increased to 14.8%. In a filing to the Bombay Stock Exchange, EIH said that the shares were purchased from the market on Tuesday.

Shares of Reliance surged 0.3% at Rs. 939.3 in proportion to the Mumbai market at 1.26pm, while EIH shares witnessed a 4.5% rise at Rs. 150.2.

On Monday, Reliance was quoted saying that it is widening its horizon and has procured 14.12% stake in EIH for a sum of $217.5 million.

Bajaj Auto Records 55% Surge in Sales of Vehicles in August

Bajaj Auto Records 55% Surge in Sales of Vehicles in August

On Thursday, Bajaj Auto posted a 55% increase in its sales of vehicles. In the month of August, the Company recorded sales of 3,29,364 vehicles, compared to 2,13,072 units in the same month the year before.

Last month, 2,89,176 two wheelers were sold by Bajaj Auto, a big surge than 1,82,441 units, which were sold in August 2009. The Company’s cumulative sales of two wheelers for the time frame between April and August 2010 increased by 68% and were recorded at 1,397,348 units. The number was high from 833,235 units that were retailed during the same period last year.