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Foreign institutional investors (FIIs) were net sellers of Rs 363.48 crore (provisional) in the cash segment on Thursday, according to data available on the BSE website. While FIIs made gross purchases of Rs 809.57 crore, their gross sales stood at Rs 1,173.05 crore. Domestic institutional investors (DIIs) were net buyers of Rs 108.44 crore (provisional) … Read more FII net sellers of Rs 363 cr in cash segment on Thursday
The National Pharmaceutical Pricing Authority (NPPA) is taking a tougher stand against arbitrary price increases by the pharmaceutical companies. The pricing regulator has said that drug makers will not be allowed to raise prices of existing drugs by changing the composition. NPPA has said that if the drug companies introduce a new drug by changing … Read more Pharma cos to face tougher regime on price controls
Mumbai based textile group – Provogue (India) – is planning to open 35 Provogue stores and eight Promart outlets across India for an investment of Rs 25 crore. These stores, expected to be set up by 2010, would be built across 800-4,000 square feet in high streets and malls of metros, Tier II and Tier … Read more Provogue India to open 35 stores by 2010
Indian rupee has once again lost significant ground against dollar over last few days. The development reflects that de-leveraging continues in international markets as the global economic crisis deepens further. Changing fortune of rupee however has come as a rescue to the exporters. Marred by the global demand slowdown amidst languishing recession in west, the exporters will … Read more Week rupee helping out battered exporters
After being flooded with complaints of increasing incidence of call drops, poor voice quality and Tele-marketing calls regulatory body TRAI has written to the CEOs of almost all telecom service providers directing them to take corrective actions immediately. These telecom firms are gaining financially from captive consumers and their service delivery deteriorates. The regulator has … Read more TRAI Writes to Telco Chiefs + Recommends Audit
Undeterred by the worsening US economy and near-zero returns, some of the central banks, including RBI, are buying US treasury bills in a big lot. Central monetary authorities of China, Russia, Hong Kong, Norway, Ireland and Israel have gradually bought the low-yielding sovereign dollar asset in their portfolio. With the December buy, the total of … Read more RBI bought US Treasury Bills worth $6.9 bn, total holding at $23.1 bn