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Tuesday, January 11, 2005

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Sensex sheds 112 as FIIs stay off
WITH foreign institutional investors (FIIs) turning net sellers and ahead of the corporate earnings season, the Indian equities markets went for a tailspin again on Monday as investors booked profits. After a day of volatile trading, the Sensex ... More

Reliance buys back 6.29 lakh shares
RELIANCE Industries Ltd (RIL) has bought over six lakh shares from the market under its share buyback programme. As per details provided to the stock exchanges, the company purchased 6,29,800 shares on Monday at an average price of Rs 539.62 a ... More

FIPB defers clearance to ChrysCap's DCB stake plan
THE Foreign Investment Promotion Board (FIPB) has again deferred clearance to Mauritius-based Chrys Capital II LLC's plan to acquire 12.89 per cent stake in Development Credit Bank (DCB) following request from the Foreign Investment Unit (FIU) of ... More

Dutch Aegon files application to start AMC
DUTCH financial major Aegon has filed its application to start an asset management company and the Securities and Exchange Board of India is currently considering the company's proposal. Aegon is a euro 2.5-billion group with operations across ... More

NTPC plans power exchange — In talks with PowerGrid, PTC
THE PSU brigade in the power sector is joining forces to take on the competition. The Rs 26,000-crore National Thermal Power Corporation (NTPC) is in talks with Powergrid Corporation Ltd (PGCIL) and Power Trading Corporation (PTC) to jointly work ... More

ADC cut not enough to tackle ILD grey market: TRAI
THE Telecom Regulatory Authority of India (TRAI) has said that the grey market in incoming international long distance calls cannot be addressed by reducing the arbitrage opportunity. Admitting that the one rupee reduction in access deficit ... More

`Domestic software market to grow 25 pc this fiscal'
THE National Association of Software and Services Companies (Nasscom) has said the domestic software market is expected to grow at an all-time high of about 25 per cent in the current financial year, even as exports are on track to meet the ... More

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