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Swapnil Suvarna 24 December 2009
Positive growth figures from the infrastructure sector boosted market sentiment The Sensex was up 130 points from the previous day’s close, ending the day at 17,361, while the Nifty closed at 5,178, up 34 points. Markets will remain closed for four days in a row from Friday (25 December...

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The BSE Brokers Forum, which does not see any benefit to any market participant, stakeholder, institution or retail investor due to the move to advance market opening to 9am, plans to take up the issue with the prime minister Brokers from the Bombay Stock Exchange (BSE) plan to take up the...

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Pallabika Ganguly 24 December 2009
The Urban Land Ceiling Act was repealed in November 2007. However, real-estate developers are still fighting cases related to this repealed legislation in the Bombay High Court The repealed Urban Land Ceiling (ULC) Act has held up more than 100 projects across Maharashtra. The...

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Sanket Dhanorkar 24 December 2009
Yields on government bonds have witnessed wide fluctuations as participants speculated on the impending rate hike—but the government still remains non-committal on the timing of this move Over the past few days, yields on the benchmark 10-year bonds have seen volatile movements, as...

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Swapnil Suvarna 24 December 2009
Hanung Toys has won an order worth Rs280 crore from the US. This indicates the strength of the American economic recovery Hanung Toys & Textiles Ltd, India’s largest manufacturer and exporter of soft toys, decorative cushions and children’s room furnishings has said that it has signed an...

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Jet Airways was eagerly waiting for the government's clearance to raise $400 million through the QIP route from foreign institutional investors to meet its cash flow requirements Jet Airways, the Naresh Goyal promoted airline, has finally got clearance from the Indian government to raise $400...

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Pallabika Ganguly 24 December 2009
‘UTV Action’, a new action movie channel will be on air from January 2010. It will replace UTV’s ‘Bindass Movies’ channel which airs movies dubbed into Hindi UTV Global Broadcasting is launching a new channel ‘UTV Action’, which will showcase fast-paced and high-octane Hollywood movies,...

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S&P has revised its rating outlook on Ballarpur Industries to ‘stable’ on the back of its operating performance, which is expected to continuously improve, according to the rating agency Ratings agency Standard & Poor's (S&P) has said that it has revised its rating outlook on India's printing...

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Steve Jobs was paid his customary $1 annual salary in 2009 by Apple, the makers of iPhone, iPod and Mac computers. But his stake in the company is valued at $1.10 billion Apple Inc chief executive officer (CEO) Steve Jobs was paid his customary $1 annual salary in 2009, but Apple's strength...

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India was one of the top 10 nations in terms of billion-dollar transactions, as it attracted deals amounting to over $7.40 billion The Asia-Pacific region attracted as many as $89 billion-dollar deals—the highest total on record —worth over $292 billion so far this year, reports...

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The FII investment of Rs80,500 crore in 2009 is the highest-ever inflow into the country in rupee terms in a single year, and comes a year after these investors pulled out over Rs50,000 crore from India After their flight last year, foreign institutional investors (FIIs) flocked back to bet...

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Consumers will have to spend more to buy essential food articles due to rising inflation and so they may postpone buying consumer products. Rising food prices are likely to affect sales of consumer products as consumers will have to spend more money on food articles, said analysts. "With...

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The global financial crisis that spilled over into its second year choked flow of foreign direct investment (FDI) into India in 2009 The global financial crisis that spilled over into its second year choked flow of foreign direct investment (FDI) into India in 2009, forcing the government to...

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Swapnil Suvarna 23 December 2009
Positive comments from the finance minister helped the Indian bourses to gain momentum Indian markets bounced back to positive trends on the back of positive comments from the finance minister on economic growth, along with strong global markets and high advance tax payment by India Inc. The...

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During 2009, a total of 93 funds reached a final close receiving commitments of $40.50 billion, while last year, 228 funds raised an aggregate $134.30 billion Funds raised by realty-focussed private equity (PE) firms declined significantly by 70% so far this year as investors exercised...

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The NSE and the BSE recently launched mutual fund trading platforms. However, after the initial euphoria, trading volumes on both the bourses are on a decline. The National Stock Exchange's (NSE) new platform for mutual fund trading has still not gathered volumes; in fact, there has been a...

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Ravi Samalad 23 December 2009
The move is estimated to benefit around 60,000 artisans, and will allow khadi institutions to sell their products at market-determined prices The Indian government has signed a loan agreement with the Asian Development Bank (ADB) under which the multilateral funding agency will provide $150...

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An employee from SHCIL's Secunderabad office committed suicide, after saying that she was being stalked by a customer-stockbroker. Did her SOS call to SHCIL’s management fall on deaf ears? The suicide by a lady employee of the Stock Holding Corporation of India Ltd (SHCIL) has thrown up some...

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The SEBI board met on Tuesday to discuss the alleged failure of NSDL in preventing the IPO scam during 2003-05, but it did not take any decision on this issue. SEBI chief CB Bhave, who was heading NSDL during the period of the scam, did not attend the session. The Securities and Exchange...

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Prices of wine are crashing, but it is still perceived to be a rich man’s drink. Will the scenario ever change? When I was in my teens, the only time I saw wine was during a wedding or a communion. The perception then, and the tale that I heard of wine from family and peers, was that it was...

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