WEB EXTRAS
COMMODITY EXCHANGES
Chana futures up
Anticipation of crop damage due to recent rains in the North pushed chana futures up 2.47 per cent to Rs 2,364 per quintal on Wednesday. Mustard seed futures gained 2.13 per cent to Rs 414 per 20 kg on lower production estimate of 60 lakh tonnes ...
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TELECOMMUNICATIONS
Weird turns in a wireless deal
Last week, the FIPB (Foreign Investment Promotion Board) deferred a decision on Vodafone's proposal to acquire Hutch-Essar. Vodafone, the UK-based mobile giant, wants to buy a controlling stake in Hutch-Essar for over $11 billion, and the FIPB ...
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ECONOMY
Afghan entry to SAARC will lead to $2-b gain for sub-continent
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HOTELS
Novotel sees exciting times for hospitality sector
For Mr Philip Logan, General Manager, Novotel, part of a global network of hospitality and convention chain, India and growing centres such as Hyderabad and Bangalore, in particular, are rocking. The growth potential is understated. From a ...
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INFRASTRUCTURE
SEZs in a flux
As a topic, SEZ (Special Economic Zone) has turned out to be a knotty issue. The Chinese model has `land'ed itself in trouble closer home. So much so, the Commerce Ministry is hurriedly considering changes to the SEZ Rules in the aftermath of ...
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`Maintaining data bank will bring transparency in realty'
A research-based data bank prepared by a third-party agency should help the real estate industry bring in transparency and curb speculative market. Mr P.N.C. Menon, Chairman, The Sobha Group, said, "When the real estate industry does well, ...
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MindTree to tap infrastructure management
MindTree Consulting has launched a new practice to tap the rapidly growing Infrastructure Management and Technical Support (IMTS) services business. The company aims to manage the IT infrastructure of global enterprises and provides third ...
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REAL ESTATE & CONSTRUCTION
Mir Realtors plans township
Mir Realtors is setting up a township in the State capital, which is its second such project in Kerala. Styled `Greens', the township will be spread over 11 acres at Karakulam near Peroorkada in the city. It will feature 360 dwelling units, ...
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COKE & METALURGICAL COKE
Rain Commodities opts out of acquisition race
Rain Commodities Ltd (RCL) has opted out of the race to acquire assets of Great Lakes Carbon Income Fund, Canada in the wake of a higher bid price from Oxbow Carbon & Minerals Holdings Inc. Oxbow came up with a proposal of Canadian $14.00 per ...
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REGULATORY BODIES & RULINGS
`IPO grading must be seen as addl input'
IPO grading, that SEBI recently prescribed as mandatory for Indian companies, is to be seen as an additional input in the decision making process, said Mr M. Damodaran, Chairman, SEBI. Some adverse comments on this are due to lack of ...
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SEBI told to process Gammon Infra prospectus
The Securities Appellate Tribunal (SAT) has admitted the appeal of Gammon Infrastructure Projects Ltd (GIPL), a subsidiary of Gammon India, and passed an interim order directing SEBI to process GIPL's draft red herring prospectus. This follows ...
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OUTLOOK
Indian crude basket up at $62
Oil prices could spike again, say analysts
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Pacific cooling slows; monsoon outlook in tact
The Australian Bureau of Meteorology (BoM) has assessed that the cooling of the east and equatorial Pacific has somewhat slowed, but there is no case for drastically altering the outlook for a La Nina event. La Nina is the colder counterpart ...
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