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Textile firms renew demand for banning cotton exports

Submitted by indiabusinessnews on Fri, 2009-11-20 00:31

With the price of domestic cotton rising and a high level of export contracts, the Confederation of Indian Textile Industry (Citi) has renewed its demand for restricting the latter.

'Certain issues' hinder Indo-Asean agreement

Submitted by indiabusinessnews on Fri, 2009-11-20 00:30

Despite India pushing for an early conclusion of negotiations of the proposed regional trade agreement in services and investment with the Association of Southeast Asian Nations (Asean), certain issues regarding investments could hinder the rapid conclusion of the accord, representatives of two Asean member-states have indicated.

SAT sets aside insider trading charge against Pendse, wife

Submitted by indiabusinessnews on Fri, 2009-11-20 00:30

The Securities Appellate Tribunal (SAT) has set aside charges of insider trading against Dilip Pendse, former managing director of Tata Finance, and his wife Anuradha Pendse and Nalini Properties.

MeritTrac plans to invest Rs 20-cr to up offerings

Submitted by indiabusinessnews on Fri, 2009-11-20 00:29

When the IIMs decided to award the contract to Prometric for conducting the Common Admission Test (CAT) online, and Pearson bringing its assessment brand to India, it must have been a wake up call for MeritTrac, a large assessment company. But, the company is not losing sleep.

Chhattisgarh announces bonus for paddy at MSP

Submitted by indiabusinessnews on Fri, 2009-11-20 00:28

In a move aimed at boosting paddy procurement in the state, Chhattisgarh government today announced a bonus of Rs 50 per quintal for paddy purchased at the minimum support price (MSP).

MFs book profit to pay dividends to investors

Submitted by indiabusinessnews on Fri, 2009-11-20 00:28

Domestic mutual funds booked Rs 12,639 crore profit in the first half of the financial year by selling equity.

CPI's fresh blame on CPI(M) for poll failures

Submitted by indiabusinessnews on Fri, 2009-11-20 00:27

Heaping fresh blame on the CPI(M) for taking "unilateral" decisions, a senior CPI leader and West Bengal minister today said being the largest constituent it has to share major responsibility for election debacles.

Sensex falls most in two weeks

Submitted by indiabusinessnews on Fri, 2009-11-20 00:27

Concern over surge in capital inflows making dollar stronger led to the fall.

Investment through PNs rising again

Submitted by indiabusinessnews on Fri, 2009-11-20 00:27

The notional value of investments in the domestic stock market through participatory notes (PNs), the off-shore derivatives issued by foreign institutional investors (FIIs), rose from 15.5 per cent in August to 16.4 per cent and 16.5 per cent in September and October, respectively.

Indian tourists ride the slowdown

Submitted by indiabusinessnews on Fri, 2009-11-20 00:26

A record 10.8 million Indian tourists went on a globe trotting spree in 2008-09, the worst year of the economic slowdown, as dipping airfares and lower hotel rates made holidays cheaper. This was one million more outbound tourists than the year before.