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SEBI calls for innovative tools to rope in maximum investors Kolkata, Nov 20 : SEBI's executive director R K Nair today called upon the industrialists to innovate tools so that maximum number of investors could participate into the financial market.

Tata Motors launches pickup truck Chandigarh, Nov 20 : Tata Motors today unveiled its all new 'Tata 407 Pickup' and the new offerings from the Ace Platform--'Tata Super' and ''Tata Ace EX' for the Punjab and Chandigarh market.

Rolls-Royce to roll out 'Ghost' and 'Phantom' in once a British colony New Delhi, Nov 20 : The British icon Rolls-Royce today previewed in the Indian capital its new four-door super luxury saloon 'Ghost,' and the fourth edition of 'Phantom'-- models which show that the carmaker has neither lost its glory, its grandeur, its majestic look nor its splendidness.

Rupee firms up by six paise at 46.63/64 per USD Mumbai, Nov 20 : The Rupee today firmed by six paise to settle higher at 46.63/64 against the dollar on fresh selling of greenbacks by foreign banks and dealers, traders at the interbank foreign exchange (forex) said here.

Users have to pay Rs 19 for porting mobile number: TRAI New Delhi, Nov 20 : Deciding upon various charges for implementing mobile number portability (MNP) in the country, Telecom Regulatory Authority of India (TRAI) today fixed porting charge at Rs 19, the amount to be paid by a subscriber to recipient operator for porting the mobile number.

Bharti slashes roaming rates by 60 pc; triggers fresh tariff war New Delhi, Nov 20: Bharti Airtel, the country's leading telecom services provider, today announced a new plan in which roaming rates have been reduced by nearly 60 per cent, paving way for a fresh tariff war in the world's fastest growing telecommunication market.

Honeywell bets on India for growth opportunities Bangalore, Nov 20 : Global technology and manufacturing major Honeywell International is upbeat on growing its business in India in the light of opportunities emerging in aerospace, homeland security, environment and infrastructure.

Srei consortium buys majority stake in DPSC Kolkata, Nov 20 : India Power Corp Ltd (IPCL), a consortium comprising Srei Infrastructure Finance and Bhaskar Silicon, was Friday selected for picking up a controlling 57.17 percent stake in power utility DPSC Ltd.

Gold ends at Rs 17,295 per 10 gm Mumbai, Nov 20 : Gold zoomed to a fresh record high of Rs 17,295 per ten gm after gaining Rs 105 per ten gm today on the Bullion market on brisk demand from stockists along with encouraging global advice, traders at the Bombay Bullion Association (BBA) said.

Sensex bounces back by 236.20 pts to 17,021.85 pts Mumbai, Nov 20 : The Sensex of Bombay Stock Exchange (BSE) today ended at 17,021.85 with a smart recovery of 236.20 points, as against its overnight finish at 16,785.65 points.

Online Indian shoppers spent $2,000 on average last year New Delhi, Nov 20 : Indian Internet shoppers spent on an average $2,086 (Rs.97,200) in the past 12 months, according to the Visa e-Commerce Consumer Monitor survey report released Friday.

Andrew Yule, others offload stake in power utility Kolkata, Nov 20 : India Power Corp Ltd (IPCL), a consortium comprising Srei Infrastructure and Bhaskar Silicon, was Friday selected for picking up a controlling 57.17 percent stake in power utility DPSC Ltd.

IDBI Fortis to double headcount, increase branches Chennai, Nov 20 : Private sector insurer IDBI Fortis Life Insurance is planning to double its headcount to 2,000 as well as expand its branch network in the country.

Late rally pushes Sensex above 17,000-point mark Mumbai, Nov 20 : A late rally by banking and energy stocks Friday helped a benchmark index close above the 17,000-point mark, up 1.41 percent, after languishing in the negative terrain for most of the day.

Select metals fall Mumbai, Nov 20 : Select metals eased today on heavy selling pressure from stockists, induced by discouraging advice from London Metal Exchange (LME), traders at the Bombay Metal Exchange (BME) said.

Gammon Infra bags contract worth Rupees 850 crore Mumbai, Nov 20 : Construction major Gammon Infrastructure has bagged a highway project worth Rupees 850 crore from National Highways Authority of India (NHAI), the company said Friday.

Rolls-Royce targets to sell 75 cars in 2010 New Delhi, Nov 20 : Riding on the increasing demand for luxury vehicles with improving market conditions, carmaker Rolls-Royce Motor Cars today said it targets to increase the sales of its lxury cars-Ghost and Phantom-to 75 by the end of next year.

Sensex ends above 17,000-mark Mumbai, Nov 20 : A late rally by banking and energy stocks Friday helped a benchmark index close above the 17,000-mark, up 1.47 percent, after languishing in the negative terrain for most part of the day.

Sugar prices down Navi Mumbai, Nov 20 : Wholesale sugar prices eased today on sustained heavy selling pressure from stockists, traders at the Bombay Sugar Merchant's Association (BSMA) said.

Calsoft sells stake in IDC to Higher One New Delhi, Nov 20 : California Software (Calsoft) today said it has sold its entire 51 per cent stake in the unit- Informed Decisions Corporation (IDC)- to US-based financial services and payment firm Higher One.

SKS Microfinance announces foray into Tamil Nadu Chennai, Nov 20 : NBFC major SKS Microfinance limited today announced its foray into Tamil Nadu to offer collateral free loans to help women start income generating activities.

Mirah group acquires Falafel Mumbai, Nov 20 : Leading Indian business house Mirah Group today abnnounced acquisition of Falafel's Veg Hummus House, the country's first mediterranean-lepanese chain.

Sensex volatile, ruling 0.61 percent in red Mumbai, Nov 20 : A benchmark index of the Indian equities markets was trading on a volatile note a little after Friday noon and was down 0.61 percent from its previous closing figure.

Gold touches new high Mumbai, Nov 20 : Gold again hit a historic high at Rupees 17,300, surging by Rupees 110 per ten gm in the opening session today, even as Silver rose by Rupees 260 per kg to Rupees 28,955, following speculative demand from industrial users along with bullish trend in global markets, traders at the Bombay Bullion Association (BBA) said.

Tata steel completes CARS Mumbai, Nov 20 : Tata Steel Limited today announced that it has accepted Convertible Alternative Reference Securities (CARS) due 2012 to the tune of US Dollar 493 million as against the exchange offer of US Dollar 875 million.

California Software offloads its 51 per cent stake in IDC New Delhi, Nov 20 : California Software Company Ltd today said it has divested 51 per cent stake held by its subsidiary Informed Decisions Corporation (IDC) to the US-based financial services firm Higher One.

HCL opens development center in Brazil;to hire 300 engineers by 2012 New Delhi, Nov 20 : With a view to tapping the growing IT market in Latin America which is expected to be over 25 billion dollars by 2012, IT firm HCL Technologies (HCL) today announced the official opening of a new global IT development center in Brazil, and plans to hire over 300 engineers by 2012.

US Dollar, Euro, Yen up; Pound, Yuan steady Mumbai, Nov 20 : Following are the indicative currency notes and travellers' cheques buying and selling rates per unit as given by Thomas Cook India here today.

Rupee eases by 10 paise at 46,75 vs US Dollar Mumbai, Nov 20 : Rupee eased by 10 paise in the opening trade today to 46.75 per US Dollar from its overnight close of 46.65, following negative trend in the stock market along with discouraging global advice, traders at the interbank foreing exchange (forex) said here.

Sensex opens weak by 22.50 points Mumbai, Nov 20 : The 30-scrip Sensex of Bombay Stock Exchange today resumed down by 22.5 points at 16,763.15 against its overnight close 16,785.65, on heavy offloading by Foreign Institutional Investors (FIIs) and local operators.

Mundra Port, SEZ receive Letter of Intent for Non-LNG facilities Mumbai, Nov 20 : Mundra Port and SEZ today said it has received letter of intent from Hazira Port Private Limited (HPPL) for development of non-LNG facilities at Hazira.

Indian equities open lower yet again after previous day's losses Mumbai, Nov 20 : After ending nearly 215 points down a day before, a key Indian equities index opened on a weak note yet again Friday in line with the mood in other Asian markets on concerns over the short-to-medium term global economic outlook.

'Loo and Behold'- World Record for Harpic New Delhi, Nov 19 : While everybody was 'harping' on the significance of hygiene on World Toilet Day, Harpic today notched a world record for the longest queue outside a toilet.

Manthan gets $15-million second round venture funding Bangalore, Nov 19 : Leading software product firm Manthan Systems secured $15 million from three venture capital partners in the second round (series b) of funding, the company said Thursday.

Wipro Infocrossing inks deal with US mining firm Bangalore, Nov 19 : Wipro subsidiary Infocrossing signed a five-year deal with the US-based Cliffs Natural Resources Inc, an international mining and natural resources firm, to provide IT infrastructure services, the global software major said Thursday.

IDBI Fortis to launch low-cost insurance plan for rural mkt in FY10 New Delhi, Nov 19 : IDBI Fortis Life Insurance Company Ltd, a joint venture among IDBI, Federal Bank and Belgian Insurance Group Fortis, today said it will launch by March 2010 a new low-cost life insurance policy targeting rural market.

Hindustan Motors to foray into light commercial vehicles market Kolkata, Nov 19 : Hindustan Motors is all set to foray into Light Commercial Vehicles (LCV) market with HM Shifeng Winner, the sub three Ton Mini Truck having one ton payload capacity.

No anti-India feeling in France post Wipro unit close: Envoy Bangalore, Nov 19 : There has been no anti-Indian sentiments in France in the wake of closure of IT major Wipro deciding to close its facility in Sophia Antippolis that cost 60 French citizens their jobs, French Ambassador Jerome Bonnafont today said.

India's LCV market to reach 4.5 lakh units by FY14 New Delhi, Nov 19: The light commercial vehicle market in India is expected to grow up to a level of 4.5 lakh units by 2013-14, Hindustran Motors said.

Sensex ends lower, slips by 213.13 points Mumbai, Nov 19 : The Sensex of the Bombay Stock Exchange (BSE) closed lower for the second consecutive day today by 213.13 points to finish in the red at 16,785.65 on heavy offloading by Foreign Institutional Investors (FIIs) and other local operators.

Gold, Silver decline Mumbai, Nov 19 : The precious metals declined today with Silver down by Rs 265 per kg to close at Rs 28,695 and Gold lost ground by a meagre Rs 15 per ten gm to finish at Rs 17,190 on lower buying support from industrial users, induced by weak global cues, traders at the Bombay Bullion Association (BBA) said.

Rupee weakens by 45 paise at 46.65/67 per USD Mumbai, Nov 19 : The Rupee today weakened by 45 paise at 46.65/67 against the dollar on heavy buying of the greenback by dealers, traders at the interbank foreign exchange (forex) said here.

Information officers in India most focused globally: IBM study New Delhi, Nov 19 : Seventy percent of chief information officers (CIOs) in India integrate business and technology to promote innovation for their organisation against 47 percent overseas, a study conducted by global IT major IBM has revealed.

Equities market ends in red, Sensex down 213 points Mumbai, Nov 19 : Weak cues from global markets and heavy profit-booking across sectors Thursday pulled down a key index of Indian equities markets, which shut shop 213 points lower than its previous close.

Mukesh Ambani tops Forbes' India rich list Mumbai/Singapore, Nov.19 : A rebounding stock market that gained two-thirds in the past year and an economy growing at six percent have boosted the net worth of India's richest people, according to the latest Forbes' India rich list.

Cotton prices up Mumbai, Nov 19 : Cotton prices rose today on sustained demand from millers and exporters, traders at the Cotton Association of India (CAI) said.

Mixed trend in metals Mumbai, Nov 19 : A mixed trend was witnessed in both ferrous and non-ferrous metals today, traders at the Bombay Metal Exchange (BME) said.

JSW Steel partners with Japanese firm Mumbai/Kolkata, Nov 19 : Indian steel major JSW Steel Thursday announced an agreement with Japan's second largest steelmaker JFE Holdings to set up a greenfield project in West Bengal and an automotive steel manufacturing unit in the country.

Groundnut, its oil and RBD Palm oil flat Mumbai, Nov 19 : Prices of groundnut, its oil and RBD Palm oil remained steady today owing to moderate demand from stockists, traders at the Bombay Commodity Exchange (BCE) said.

IDBI Fortis Life plans to hire 8,500 people by 2010,open 65 branches New Delhi, Nov 19 : IDBI Fortis Life Insurance, a joint venture between Belgian insurance group Fortis and India's IDBI Bank and Federal Bank, today said it plans to hire 1,000 employees and 7,500 sales agents within a year, besides opening 65 branches by March 2011.

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