Weekly news update!!!!!!!!!<br />
Sensexlacklustre; ONGC, Tata Steel, RCom up<br />MUMBAI: Benchmarks were moving in a narrow range due to lack of cues from...
Revealed: The fake IPL player<br />For the first time since his blogs created a huge stir in the world of Indian Premier L...
Bills to regulate private sector in education <br />CHENNAI: Asserting that education cannot be allowed to become a "money...
Whither urban development? Bleak future stares at India's cities<br /><ul><li>A New Delhi newspaper reported last Thursday...
A school bus carrying 35 children became so deeply "embedded" in a road that a crane had to be called in, but it, too, got...
Commerce Ministry turns down rubber import duty cut<br />NEW DELHI: Tyre makers' plea to bring down import duty on natural...
Apr-July iron ore exports at 32.86 mn tones<br />NEW DELHI: India's iron ore exports in the first four months of the curre...
Over 65% of NHAI projects face time, cost overruns: Govt<br />NEW DELHI: The government today said that over 65 per cent o...
Volatile days in store for mkt;'Fear Index' zooms 15% in 1 day<br /><ul><li>NEW DELHI: The NSE's volatility index, also kn...
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Weekly news update!!!!!!!!!

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Weekly news update!!!!!!!!!

  1. 1. Weekly news update!!!!!!!!!<br />
  2. 2. Sensexlacklustre; ONGC, Tata Steel, RCom up<br />MUMBAI: Benchmarks were moving in a narrow range due to lack of cues from global peers. Gains in metals, PSU and oil&gas stocks were offset by losses in IT and FMCG space. Subdued opening of European markets also kept the benchmarks under check.<br /> At 1 pm, National Stock Exchange’s Nifty was at 5470.90, down 7 points or 0.13 per cent. The index touched a low of 5452.80 and high of 5495.20 in trade so far. <br />Bombay Stock Exchange’s Sensex was at 18192.33, down 34.02 points or 0.19 per cent. The index touched intraday high of 18248.11 and low of 18155.16.<br />
  3. 3. Revealed: The fake IPL player<br />For the first time since his blogs created a huge stir in the world of Indian Premier League, the controversial 'fake IPL player' revealed himself on Times Now on Saturday.<br />AnupamMukherji, the fake IPL player, who revealed himself on Times Now says that the blog was 'a figment of imagination' and was an inspiration from a fake blog on Steve Jobs. <br />Speaking to Times Now, Anupam added that cricket was always his passion and that he never imagined that his idea would create such a huge media speculation. <br />
  4. 4. Bills to regulate private sector in education <br />CHENNAI: Asserting that education cannot be allowed to become a "money-spinning enterprise", Home Minister P Chidambaram today said the Centre would bring forward bills in Parliament to regulate the private sector in the field of education. Chidambaram said as education for children is uppermost in the minds of every Indian family, it had led to mushrooming of institutions, "which cannot be avoided in this transition." <br />
  5. 5. Whither urban development? Bleak future stares at India's cities<br /><ul><li>A New Delhi newspaper reported last Thursday that local authorities received 117 complaints of waterlogging, five of falling trees and six of building collapses, in one of which a four-year-old boy was killed.
  6. 6. A school bus carrying 35 children became so deeply "embedded" in a road that a crane had to be called in, but it, too, got stuck. There was another report of a road caving in. Since it was in an area where several embassies are located, the incident will not send a flattering image of India abroad. </li></li></ul><li>SEZ sops may continue till 2014<br />NEW DELHI: The direct taxes code (DTC) approved by the Cabinet gives a reprieve to special economic zones, or SEZs, till 2014 from the proposed regime, but has imposed a 20% minimum alternative tax, which is likely to be opposed by the industry. <br />The SEZ developers say the tax regime approved by the Cabinet on Thursday does not reduce the uncertainty, which will make it difficult for them to attract units. <br />“We have clients who have developed SEZs and got into serious talks with interested investors, only to have them back out when the first draft of the DTC was circulated,” says Hitender Mehta, partner, Vaish Associates Advocates, a Gurgaon-based consultancy firm.<br />
  7. 7. Commerce Ministry turns down rubber import duty cut<br />NEW DELHI: Tyre makers' plea to bring down import duty on natural rubber to 7.5 per cent from 20 per cent at present has been turned down by the commerce ministry, the Rubber Board has said. <br />"Union Minister for Commerce and Industry Anand Sharma has ruled out any cut in import duty of rubber from the present 20 per cent," Rubber Board Chairman Sajen Peter said in a statement released yesterday. <br />Hit by steep rise in natural rubber price, Automotive Tyre Manufacturers Association had in March urged Prime Minister Manmohan Singh to allow duty-free import of at least 2,00,000 tonne of raw material and reduce import duty to 7.5 per cent or double customs duty on importeds<br />
  8. 8. Apr-July iron ore exports at 32.86 mn tones<br />NEW DELHI: India's iron ore exports in the first four months of the current financial year that began in April was at 32.86 million tonnes against 31.39 million tonnes a year ago, data released by a trade body on Friday showed.<br />
  9. 9. Over 65% of NHAI projects face time, cost overruns: Govt<br />NEW DELHI: The government today said that over 65 per cent of the 441 road projects taken up by the National Highways Authority of India (NHAI) so far have suffered cost and time overruns. <br />Furthermore, as many as 137 projects involving over 5,000 km of highways were delayed due to problems in land acquisition and environmental clearances, Minister of State for Road Transport and Highways R P N Singh informed the RajyaSabha<br />
  10. 10. Volatile days in store for mkt;'Fear Index' zooms 15% in 1 day<br /><ul><li>NEW DELHI: The NSE's volatility index, also known as the 'Fear Index', zoomed by a whopping 15 per cent today, indicating that Dalal Street is likely to see highly volatile sessions in the coming days, analysts said
  11. 11. The volatility index, called the India VIX, indicates the investor's perception of market volatility in the near-term. It touched its lowest ever level of 15.28 in the early part of the session today after opening at 17.09, but ended 14.86 per cent higher at 19.63.</li>

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