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Swapnil Suvarna 10 December 2009
RBI’s positive comments on capital inflows helped Indian markets gain momentum The Sensex gained 64 points from the previous day’s close, ending the day at 17,189, while the Nifty closed at 5,135, up 23 points. Telecom stocks surged after the central bank allowed telecom firms to access...

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The discussions are being held with infrastructure development and finance major IL&FS, along with some other potential partners for sale of a minority strategic stake by RIL in Reliance Haryana SEZ With an aim to rope in a strategic partner for its Haryana special economic zone (SEZ)...

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As population growth and demographic change continue to exert pressure on India's existing urban infrastructure, the country would require a total funding of more than $1 trillion for a radical overhaul in its existing systems State Bank of India (SBI) and Macquarie Capital (Macquarie) have...

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Pallabika Ganguly 10 December 2009
Social soap operas are not working for television audiences any more. The trend is now favouring much more realistic content where viewers can relate to characters and incidents that are being telecast TV programmes have come a long way. After having experimented with comedy, social dramas...

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A few reports have said that Tata Motors is eyeing Sumitomo’s stake in Swaraj Mazda. Although Sumitomo has denied these stake sale reports, analysts say that the move by Tata Motors should be looked more as a technology takeover rather than consolidation of its market share Japan's...

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D Swarup, the man responsible for ushering in Indian pension fund reforms, has retired Pension fund regulator D Swarup, the man responsible for ushering in Indian pension fund reforms, has retired. Girish Chandra Chaturvedi, currently additional secretary of the Department of Financial...

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RTGS, which was designed to provide real-time settlement of payments, is failing to do so due to crashing and hanging of servers across banks The growing incidence of real time gross settlement (RTGS) servers hanging or crashing across banks has resulted in a delay in transactions, so much so...

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Sanket Dhanorkar 09 December 2009
There is no unanimity among the representative body and mutual fund players on what ought to constitute common operational policies There is a simmering discontent brewing among a large number of funds that are part of the Association of Mutual Funds in India (AMFI), with the way the industry...

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Sanket Dhanorkar 09 December 2009
There is no unanimity among the representative body and mutual fund players on what ought to constitute common operational policies There is a simmering discontent brewing among a large number of funds that are part of the Association of Mutual Funds in India (AMFI), with the way the industry...

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Scooters have not been selling according to Bajaj Auto’s expectations. The company is making hardly 1,000 scooters a month now—mostly for exports—and now wants to focus only on motorcycles Bajaj Auto, once known for its scooters which revolutionised the two-wheeler market in the country,...

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Swapnil Suvarna 09 December 2009
The Sensex closed at 17,125—102 points down from the previous day’s close—while the Nifty declined 36 points, ending the day at 5,112. During the day, auto stocks surged on the back of robust sales figures for November 2009. Bajaj Auto rose 2% on reports that the company’s total vehicle...

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From next year, workers in the IT category will need to have one year’s experience with their employer instead of six months at present, before they can be transferred to the UK Britain has tightened immigration rules from January 2010 for Indian information technology (IT) professionals...

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Amritha Pillay 09 December 2009
The utilisation rate for land oil rigs has been constantly rising. Analysts believe that the utilisation rate for offshore rigs has also started to improve The operational utilisation rate of oil rigs worldwide has been constantly rising. Though this rise is mainly driven by an increase in...

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LyondellBasell and RIL late last month disclosed a "preliminary non-binding offer" by the Indian company for taking a controlling interest in the world's third largest independent petrochemical maker. Going by industry sources, Reliance Industries' bid could be more than $12 billion Amid...

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The original copy of a record is to be maintained till trial or investigation proceedings have concluded, instead of the current practice of keeping papers only for five years, the market regulator has said Market regulator Securities and Exchange Board of India (SEBI) on Wednesday asked...

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India is one of the fastest-growing aerospace markets in the world, driven by continued economic growth, resulting in growing passenger traffic and domestic aircraft demand The rapidly-expanding aviation sector of India can absorb as much as $120 billion in investments by the year 2020, civil...

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In the automotive industry, where globalisation and diversification proceed in parallel, both VW and Suzuki are planning to establish a cooperative relationship while respecting each other’s independence as a stand-alone entity Europe's largest car manufacturer Volkswagen Aktiengesellschaft...

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GM’s China partner can drive the fortunes of GM India. The ramifications can be huge for the auto sector—and the country—at large General Motors, GM, is slated to give up a crucial 1% stake of its China passenger-car venture to its partner SAIC, the state-owned Chinese automaker....

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Swapnil Suvarna 08 December 2009
Talks of boost in government spending uplift Indian market sentiment The Sensex gained 245 points from the previous day’s close, ending the day at 17,228, while the Nifty closed at 5,148, up 81 points. Reliance Industries Limited (RIL) is reportedly in talks with more than a dozen banks to...

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Sanket Dhanorkar 08 December 2009
Both the BSE and NSE recently announced their own MF trading platforms, immediately after SEBI gave its nod for introducing stock exchange based trading platforms for MFs (first reported by Moneylife). This has come as a delight to the broker community as they now stand to gain from another...

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