FII buying drives Sensex up 162 Investors coming back, says dealers
AFTER a two-day gap, stock prices resumed their upward movement as FIIs made fresh purchases driving the BSE Sensex up by 162 points. The upturn across most international equity markets and the decline in crude prices to a five-and-half month ...
Manufacturing sector shines IIP growth lower at 7.3 pc in September
A DOWNTURN in mining activity and electricity generation pulled down the Index of Industrial Production (IIP) growth to 7.3 per cent in September 2005, as compared to a 9.8 per cent growth registered during the corresponding month a year ago. ...
New downlinking norms Foreign channels given 6 months for registration
THE Information and Broadcasting (I&B) Ministry has given foreign television channels beaming into the country six months to register themselves and comply with the new downlinking guidelines. It has said, "No cable operator or direct-to-home ...
Hotels going full even before season warms up
IT is only the second week of November - the beginning of the busy season - but hotels in Delhi, Bangalore, and Mumbai are already reporting full occupancy on most days of the week. Major hotels in these cities have no room for guests ...
FIIs allowed to invest in ARCs' security receipts
SEBI-registered foreign institutional investors have been allowed to invest in the Security Receipts (SRs) issued by Asset Reconstruction Companies. This follows the Government's decision to allow 49 per cent FDI in ARCs. In a press release ...
Gulf states flush with cash surpluses `India must tap funds for mega projects'
AN economic boom in the Gulf states fuelled by record oil prices and windfall revenues is driving cash rich Arab investors to park billions of dollars in industry, real estate and stock markets not only in their own countries, but also in ...
Inflation rises on firm vegetable prices
THE annual wholesale price index-based inflation rose 4.75 per cent during the week ending October 29, higher than the previous week's 4.49 per cent. The surge in the year-on-year inflation rate was largely on account of an increase in prices of ...
HK co plans drive to bridge digital divide To make available simplified PC, free, for low-income groups
A SIMPLIFIED version of a personal computer for low-income sections of society, for free! The Hong-Kong based Asiatotal.net on Friday announced its intention is to sell these PCs in bulk to companies in emerging markets. These will, in turn, ...
Entry fee for NLD, ILD segments Bharti seeks `level-playing field' vis-a-vis new players
MAKING a pitch for preservation of `no worse off norm', telecom major Bharti today said it would take up the issue of level-playing field vis-a-vis new players following the Government's decision to cut entry free for the NLD and ILD ...
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Major ports show 13.4 pc rise in H1 traffic Vizag port tops the list
THE country's 11 major ports handled 199.7 million tonnes (mt) of cargo in the first half of the current fiscal. This represents a 13.41 per cent increase over the corresponding period of the previous year, but falls marginally short of the ...
Real estate VC funds target 15-30 pc returns Plan investments in residential, retail & IT/ITeS/BPO space
AN INDICATION of the kind of growth that can be expected of the Indian real estate market may lie in the returns targets that the real estate venture capital funds have set for themselves. "The target internal rate of return of these funds ...
SABMiller eyeing Mohan Meakin brands Readies Rs 560 cr for acquisitions, expansion
BEER giant SABMiller is learnt to be eyeing brands of North India-based Mohan Meakin even as it readies a war chest of around Rs 560 crore for acquisitions and expanding its existing capacity. The SABMiller India Managing Director, Mr Richard ...
BIS plans to make gold hallmarking mandatory
IN an attempt to ensure better consumer protection in the backdrop of increasing consumption of gold in the country, the Bureau of Indian Standards (BIS) is thinking of making mandatory hallmarking of gold jewellery. Before that, however, the ...
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