Markets: A day of quiet consolidation

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• The Sensex traded in a range of around 100 points throughout the day before ending at 18238, higher by 32 points and the Nifty ended at 5486, up 14 points. [..]

RBNL continues to rally, up 5%

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• Reliance Broadcast Network Ltd (RBNL) today climbed nearly 5 per cent to touch the upper circuit on the Bombay Stock Exchange, after the company announced raising over Rs 400 crore to fund its growth. [..]

Kingfisher Airlines to raise Rs 5,000 cr

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• The company’s board approved the airline’s plan to raise the amount through issuance of equity shares or preference shares or through global depository receipts (GDR). [..]

India, Switzerland ink Double Taxation Avoidance Agreement

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• The revised Double Taxation Agreement contains provisions on the exchange of information in accordance with the OECD standard, which were negotiated in line with the parameters decided by the (Swiss) Federal Council. [..]

Nokia, Siemens confirm NSN investment talks: report

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• Nokia and Siemens have confirmed talks with private equity firms over a possible investment into Nokia Siemens Networks (NSN). [..]