eChannelling to invest Rs. 1.5 billion in a group company

eChannelling PLC has decided to invest Rs. 1.5 billion in its group company ECL Soft (Private) Limited to finance upcoming strategic investments of the firm.
A Stock Market filing issued by eChannelling announced “The increase in capitalization is required since the company is expanding rapidly and would need funds”.
Accordingly, the money is expected to go into [...]

US agrees on a debt deal

Washington (CNN) – Staring down a possible U.S. government default, the Senate and House are expected to vote Monday on a legislative package to extend the federal debt ceiling while cutting spending and guaranteeing further deficit-reduction steps.
The proposal — part of an agreement reached Sunday between President Barack Obama and congressional leaders — still faces [...]

The Rally in the Stock Market- Will it last?

By R. M. B. Senanayake

The Stock Market staged a rally in the last 3 trading days. Will it hold or will it be a fool’s rally. The Stock Brokerage firms are expecting the SEC to relax the credit prohibition and this has improved market sentiment. Yes, the market is driven by credit and SEC attempt [...]