Saturday, October 9, 2010

Nirma to quit bourses, buy back shares

Nirma to quit bourses, buy back shares


Nirma to quit bourses, buy back shares

Posted: 09 Oct 2010 02:44 PM PDT

In a surprise move, Ahmedabad-based FMCG major Nirma Ltd, which at one time brought some of the top detergent players of the country to their knees, is all set to de-list from the bourses.

India's forex reserves rise to $294 bn

Posted: 09 Oct 2010 08:40 AM PDT

India's foreign exchange reserves increased by $2.563 billion to $294.158 billion for the week ended Oct 1, registering a gain for the third straight week on account of revaluation.

Porsche employees banned from social networking

Posted: 09 Oct 2010 08:34 AM PDT

Luxury car manufacturer Porsche has banned employees from using internet sites such as Facebook, Google Mail or Ebay during office hours, for fear of industrial spying, German media reported on Saturday.

BSNL achieves tangible growth in islands

Posted: 09 Oct 2010 08:30 AM PDT

BSNL has achieved substantial growth in telecom services in the Andaman and Nicober Islands with its customer base having touched the 1,82,003 figure base.

HEC seeks Rs 500 cr from gov for diversification

Posted: 09 Oct 2010 08:32 AM PDT

PSU Heavy Engineering Corporation Ltd said it requires Rs 500 for diversification that would take the turnover to Rs 3,000 crore in the next two to three years.

India-EU trade deal may nullify UK migration cap

Posted: 09 Oct 2010 06:10 AM PDT

Britain's efforts to limit migration of professionals from outside the European Union is likely to be neutralised by an India-EU trade agreement that may allow Indian professionals to bypass British immigration laws and take up work in UK.

Foreign retail investors may buy stocks directly

Posted: 08 Oct 2010 06:43 PM PDT

India may allow individual investors based overseas to directly buy stocks for the first time, easing a rule that restricts investment in mutual funds, a finance ministry official with direct knowledge of the matter said.

Nirma to quit bourses, buy back shares

Posted: 09 Oct 2010 02:44 PM PDT

In a surprise move, Ahmedabad-based FMCG major Nirma Ltd, which at one time brought some of the top detergent players of the country to their knees, is all set to de-list from the bourses.

IMF should be tougher on exchange rate monitoring: US

Posted: 09 Oct 2010 09:08 AM PDT

The International Monetary Fund should toughen its monitoring of exchange rates policies and buildup of currency reserves, US treasury secretary Timothy Geithner said Saturday.

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