The Hindu Business Line : Thursday, June 15, 2006

Sensex closes below 9,000
The initial optimism stemming from a recovery in some Asian markets gave way under a fresh bout of profit booking, driving key indices into negative territory for the third consecutive day. The BSE Sensex closed below 9,000 for the first time ... More

SEBI clears MCX IPO
Exchange going ahead with issue despite weak markets More

Selling the India story in Tokyo
Kamal Nath urges Japan to tap investment opportunities More

Govt specifies 57 countries for focus market scheme
The Government has come out with the list of countries that qualify for benefits under the Focus Market scheme, which was introduced in the Annual Supplement to the Foreign Trade Policy, announced in April this year. High freight ... More

Suo motu PAN issuance: Finance Ministry seeks field officers' views
The Finance Ministry has sought the views of its field officers in the Income-Tax Department on the matter of suo-motu issuance of permanent account numbers (PAN) in certain cases. The Centre had, through the Finance Act 2006 (Budget ... More

Petro product sales rise 8.8% in May
The oil product sales rose by 8.8 per cent in May to 9.97 million tonnes (mt) from 9.17 mt in the same month last year. Diesel sales in May saw an increase of 15.1 per cent year-on-year , while petrol sales were up 13.1 per cent, according to ... More

`India funds witnessed $1-b outflow in last 3 weeks'
India funds have seen almost $1 billion of outflow in the last three weeks, says Mr Brad Durham, Managing Director at EPFR. He further says that emerging market funds have seen an outflow of $1.5 billion in the last week. Excerpts from ... More

SAP India plans Rs 115-cr expansion
To sign up new distribution partners More

Telecom dept seeks clarity on Reliance's GSM foray
The Department of Telecom (DoT) has indicated that Reliance Communication may be asked to vacate part of its CDMA spectrum if it wants to foray into GSM cellular services. DoT has asked the company for more details on its proposal to launch GSM ... More

`Venture capitalists keen on investing in India now'
Venture capitalists are now looking at India as a destination which cannot be kept on the sideline any longer, be it for reasons of cost arbitrage or even the human resources. Of this, about 16 per cent is likely go into the information ... More

WEATHER FORECAST
Monsoon to revive as weak current by June 20
Consensus forecast by various numerical weather models indicate that the monsoon would revive by June 20 as a weak Arabian Sea current. Dr Akhilesh Gupta of the National Centre for Medium Range Weather Forecasting (NCMRWF) said copybook ... More