Weekly news.8 ppt

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Weekly news.8 ppt

  1. 1. Weekly News (11 th Oct-18 th Oct 2010)
  2. 2. MF chiefs allay fears over high FII inflows, bullish on infra <ul><li>The Indian capital market remains fundamentally strong, concerns over high FII inflows are uncalled for and the much-feared flight of capital, if it at all happens, will only result in a short-term volatility in the market. </li></ul><ul><li>An 18-month rally has seen the BSE Sensex gaining over 150 per cent, rising from 8,000 points to reach the 20,000 mark this month. </li></ul><ul><li>Unlike the pre-slowdown rally, domestic institutions and retail investors have not participated in the surge, primarily driven by heavy FII buying. </li></ul>
  3. 3. World's largest diamond bourse opens in Mumbai <ul><li>The world's largest diamond exchange opens in the city's business district Bandra-Kurla Complex on Sunday, taking India from a manufacturing to a trading hub and challenging the dominance of traditional centres like Belgium and Israel. </li></ul><ul><li>Bharat Diamond Bourse (BDB), designed by eminent architect Balakrishna Doshi and spread over 20 acres with nine interlinked nine-storey towers each, has been set up at a cost of Rs.1,100 crore. </li></ul>
  4. 4. Insurance policies to be available at post offices <ul><li>Post offices can now distribute insurance products with IRDA, allowing each circle of the Department of Post (DOP) to act as a corporate agent of insurers. </li></ul><ul><li>&quot;Each Circle of India post should be treated a separate unit in order to grant independent corporate agent licence with various insurers,&quot; insurance regulator IRDA said. </li></ul><ul><li>The DOP has divided the whole country into 22 postal circles for providing postal services. </li></ul>
  5. 5. Contd. <ul><li>The Insurance Regulatory and Development Authority (IRDA) allowed each circle to tie up with two non-life insurance companies, two life insurance companies, one agricultural insurance company and one stand alone Health Insurance Company for this purpose. </li></ul>
  6. 6. Moser Baer to set up USD 11.5 mn organic LED facility <ul><li>Optical storage manufacturer Moser Baer India said its US-based subsidiary, will set up the world's first pilot production facility for developing organic light emitting diodes (OLED). </li></ul><ul><li>&quot;OLED lighting products will require new manufacturing technologies which will be developed and deployed in this very first OLED pilot production line in the world,&quot; Moser Baer Technologies CEO G Rajeswaran said. </li></ul>

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