Sebi bars companies' trusts from buying own shares |
- Sebi bars companies' trusts from buying own shares
- Desi air travel dives 10%, steepest in 7 years
- Household savings lowest in 22 years
- Cash-strapped Flipkart raises $150m
- Rupee snaps 4-day gain
- Toyata launches seventh generation Camry
- Sensex closes 67 points down
- Gold climbs to fresh high of Rs 31,115
- Bank operations resume after 2-day strike
- Rupee falls by 18 paise against dollar
- Sensex down 89 points on profit-booking
- Keep 'Wander Woman' from running away
| Sebi bars companies' trusts from buying own shares Posted: 24 Aug 2012 03:38 PM PDT Capital market regulator Sebi has barred employee welfare schemes and trusts of listed entities from purchasing their own shares from the secondary market, fearing stock manipulation. 
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| Desi air travel dives 10%, steepest in 7 years Posted: 24 Aug 2012 03:29 PM PDT Domestic air travel recorded its steepest fall in seven years in July when 45.4 lakh people took to the skies - 10% less than the 50.4-lakh figure recorded in the same month last year. 
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| Household savings lowest in 22 years Posted: 24 Aug 2012 03:28 PM PDT Thanks to slower growth in income and the rising rate of inflation, net household financial savings in India declined sharply during fiscal 2011-12 (FY12) to 7.8% of the GDP, down from 9.3% in FY11 and 12.2% in FY10. 
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| Cash-strapped Flipkart raises $150m Posted: 24 Aug 2012 03:26 PM PDT South African media giant Nasper is leading $150-million investment in online retailer Flipkart, a deal which is said to secure the company's finances for next three years. 
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| Posted: 24 Aug 2012 05:37 AM PDT The rupee fell on Friday, snapping four sessions of gains, as profit-booking hit global risk assets and as hopes of substantive policy reforms faded as a political deadlock continued in parliament. 
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| Toyata launches seventh generation Camry Posted: 24 Aug 2012 05:06 AM PDT Automobile major Toyota Kirloskar Motor (TKM) Friday launched the seventh generation of its luxury sedan Camry, priced at Rs.23.80 lakh (ex-showroom Delhi). 
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| Posted: 24 Aug 2012 04:18 AM PDT In volatile trade, the sensex today shed 67 points to close at 17,783.21 dragged down by interest- rate sensitive sectors amid RBI indicating that upside risks to inflation remain due to unsatisfactory monsoon. 
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| Gold climbs to fresh high of Rs 31,115 Posted: 24 Aug 2012 03:30 AM PDT Gold climbed to a new record of Rs 31,115 per 10 grams, spurred by gains in the overseas market where it rose to over four-month high on speculation that the US will take steps to spur economic growth. 
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| Bank operations resume after 2-day strike Posted: 24 Aug 2012 03:05 AM PDT Normal banking operations, including the clearance of millions of piled up cheques, resumed on Friday in public sector banks after the 2-day strike called by unions ended. 
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| Rupee falls by 18 paise against dollar Posted: 23 Aug 2012 09:36 PM PDT The rupee declined by 18 paise to 55.44 against the dollar in early trade on Friday, snapping four sessions of gains, at the Interbank Foreign Exchange on fresh demand for the American currency. 
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| Sensex down 89 points on profit-booking Posted: 23 Aug 2012 09:26 PM PDT The BSE benchmark Sensex fell by nearly 89 points in early trade on Friday as funds and retail investors preferred to book profits amid a weak trend in Asian region. 
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| Keep 'Wander Woman' from running away Posted: 23 Aug 2012 04:20 PM PDT Suvalaxmi represents a growing band of high-achieving women with a constant need to thrive on challenge. 
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