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Tuesday, January 01, 2008
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No entry load for direct investment in MF schemes
SEBI decision to take effect from January 4

BUSINESS
Year 2007 ends on optimistic note
MUMBAI: The year 2007 ended on an optimistic note on Monday with the Bombay Stock Exchange benchmark Sensex closing 80 points higher on good buying support from investors following a firm trend in other Asian markets. The BSE barometer ...

HPL plans capacity expansion
Promoting cluster concept for enhancing competitiveness of downstream units

FM confident of achieving 9 p.c. growth
Asks banks to extend loans to urban poor

Reliance Energy upbeat on EPC business
Hopes to bag Rs. 15,000 cr. worth orders in fiscal 2008; plans to bid for 7,000-8,000 MW projects

Hospitality sector poised for significant growth
High tariffs, good occupancy levels, but seasonal fall in traffic

Foundation laid for Tata Steel’s project


External debt up 5.5 p.c. at $190.5 b
Weak dollar is the main reason

Brigade in pact with IHG
MUMBAI: Real estate firm Brigade Enterprises said that it has signed a management contract with the U.K.-based InterContinental Hotels Group (IHG). Brigade Enterprises’ wholly-owned subsidiary, Brigade Hospitality Services Pvt. Ltd., has ...

Rupee edges up
MUMBAI: The rupee edged up to 39.41/42 against the greenback on Monday after moving in a narrow range on the last day of 2007 amid firm equity markets and month-end dollar demand from refiners. It closed at 39.4250/4350 on Friday ...

Other Stories



Barometer


Briefly
Oil firms cut ATF prices
NEW DELHI: Public sector oil firms on Monday cut aviation turbine fuel prices by four per cent, the first reduction since September, in line with global trend. ATF price in Delhi was cut from Rs. 47,444.14 per kl to Rs. 45,495.82 per kl, while ...

Rangarajan to head panel on investments
MUMBAI: The Central Government on Monday set up a panel under the chairmanship of C. Rangarajan, who now heads the Prime Minister’s Economic Advisory Council, to review estimates of savings and investments in the economy and suggest ...

HDFC sells stake in insurance JV
MUMBAI: Housing Development Finance Corporation Ltd. (HDFC) on Monday sold 7.15 per cent stake in its insurance joint venture to partner Standard Life (Mauritius Holdings) 2006 Ltd. for an undisclosed sum. With this, Standard Life now holds 26 ...

Pfizer to sell four OTC products
MUMBAI: Pfizer on Monday said it would sell four of its Over-the-Counter (OTC) healthcare products — Benadryl, Caladryl, Benylin and Listerine — to Johnson and Johnson for Rs. 214.85 crore. ...

Vishal Retail opens six stores in North India
NEW DELHI: Vishal Retail has opened six new stores in North India under its brand Vishal Mega Mart, taking its total number of chain of popular stores to 82 spread over 57 cities. “ After establishing our strong presence in North India, ...

Airtel and Affle launch SMS2.0
CHENNAI: Airtel and Affle, a mobile media company, have launched SMS2.0, a ‘free upgrade’ to the regular SMS application. It enables an interactive and non-intrusive platform on mobile that allows Airtel users to discover a host of ...

LGB Bros. board approves demerger scheme
CHENNAI: The board LG Balakrishnan and Bros., at its meeting held on Monday, has approved the details of the scheme for demerger of the forging division into a separate company, LGB Forge Ltd. with effect from April 1, 2008, through High Court ...

Indiabulls Fin. pact with Societe Generale
CHENNAI: Indiabulls Financial Services Ltd. (IBFSL) has informed the Bombay Stock Exchange that the company has entered into a memorandum of understanding (MoU), with Societe Generale Insurance for its upcoming life insurance joint venture. ...




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