Norms for currency futures likely to be relaxed
ECO7Economy/NationalNorms for currency futures likely to be relaxedMumbai, Oct 1 IANS Market regulator Securities and Exchange Board of India Sebi and the Reserve Bank of India RBI are in discussions to relax norms in the currency trading segment, said a top Sebi official here Wednesday."RBI and Sebi are working together bring about some relaxations in currency trading practices," Sebi chairman C.B. Bhave told reporters after inaugurating the currency futures trading on BSE.Earlier, in  read more
Posted by IANS on Thursday Oct 02
Iftar party at Hanuman temple in Uttar Pradesh
NAT43National/Religion/SocietyIftar party at Hanuman temple in Uttar PradeshLucknow, Oct 1 IANS In a rare gesture of communal amity, Muslims visited a temple here to participate in an Iftar party thrown by their Hindu friends.Organised Monday evening at a Hanuman temple in Govindpuri area in Chinhat locality, the party witnessed as many as 150 members from both communities."It was a memorable experience for us," Mohammed Alam told IANS."We covered our heads with skull caps and hankies and then sat forming two queues on either side of Bajrang Bali," he recalled  read more
Posted by IANS on Thursday Oct 02
Eid celebrated with feasts, prayers in Kashmir, Kerala Round
NAT44National/Kashmir/Religion/Indo-pakEid celebrated with feasts, prayers in Kashmir, Kerala RoundupSrinagar/Jammu/Kozhikode, Oct 1 IANS Muslims in Jammu and Kashmir celebrated Eid-ul-Fitr Wednesday amid festivity and prayers for peace in the backdrop of recent communal tension in the state. Muslims in Kerala, too, came out in large numbers to celebrate Eid. The festival, marking the end of Ramadan - the month of fasting, will be observed Thursday in the rest of India.In Jammu and Kashmir, where  read more
Posted by IANS on Thursday Oct 02
Two soldiers, engineer arrested for Noida bank heist
NAT45National/CrimeTwo soldiers, engineer arrested for Noida bank heistNoida, Oct 1 IANS Two army soldiers and a computer engineer, who robbed a bank in this Delhi suburb to buy weapons so that they could "eliminate the corrupt politicians" in India, have been arrested, a police official said Wednesday.R.K. Chaturvedi, senior superintendent of police, Noida, told mediapersons that the trio had robbed the sector-12 branch of the State Bank of India. They had carried away Rs.1.08 million  read more
Posted by IANS on Thursday Oct 02
Gandhi's ideas more effective outside India than in it: Rush
INT61International/Diaspora/BooksGandhi's ideas more effective outside India than in it: RushdieLondon, Oct 1 IANS Author Sir Salman Rushdie says people outside India have made greater use of Mohandas Karamchand Gandhi's ideas of non-violence than those within his native country. Speaking to the writer Clive James for the Times newspaper, the Indian-born Rushdie said Gandhi transformed India's independence movement by galvanizing common people. “What's remarkable is how much  read more
Posted by IANS on Thursday Oct 02
Chennai, Oct 1 IANS After a victory and a good performance i
SPO12SportsSaurav jumps to 39 in squash rankingsChennai, Oct 1 IANS After a victory and a good performance in France, Saurav Ghosal, the former ICL Academy trainee, attained his highest World squash ranking in the latest October rankings released by the Professional Squash Association. Chennai's Joshna Chinappa is the highest ranked Indian woman at 38. Indians figuring in the ranking list are: Men - 39 Saurav Ghosal; 57 Ritwik Bhattacharya; 120 Siddharth Suchde; 131 Gaurav Nandrajog; 164 Naresh Kumar; 261 Harinder Pal Sandhu; 272 Parth Sharma  read more
Posted by IANS on Thursday Oct 02
Himachal seeks Rs.15.8 bn rain relief package
NAT59National/DisasterHimachal seeks Rs.15.8 bn rain relief packageShimla, Oct 1 IANS The Himachal Pradesh government Wednesday sought a package of Rs.15.8 billion from the central government to undertake relief and rehabilitation measures following heavy rain and snowfall in the state during the past few months.Senior officials of the state government met a team of experts from the central government here and apprised it about the damage to the public and private property in the hill state, an official statement said  read more
Posted by IANS on Thursday Oct 02
Hyundai sales up in September
BUS19Business/NationalHyundai sales up in SeptemberChennai, Oct 1 IANS India's leading car maker Hyundai Motor India Ltd Wednesday said it has sold 46,222 units in September 2008, compared to 27,517 units sold in the same period last year."We are optimistic about maintaining the same momentum" in the upcoming festive season, Hyundai senior vice-president marketing and sales Arvind Saxena said.The segment-wise cumulative sales for the last month are: A2 Santro, i10, Getz Prime 39,899  read more
Posted by IANS on Thursday Oct 02
Mumbai bourse launches currency futures trading
ECO8Economy/NationalMumbai bourse launches currency futures tradingMumbai, Oct 1 IANS The Bombay Stock Exchange BSE Wednesday launched a currency derivatives segment BSE-CDX on the dollar-rupee platform."Exchange traded currency derivatives market will provide excellent opportunity to hedge currency risk for different participants," BSE chief operating officer M.L. Soneji said.Currency derivatives are used mostly by small and medium enterprises engaged in international trade to hedge their risks against fluctuations in currency values  read more
Posted by IANS on Thursday Oct 02
Markets end green on US bailout plan revival hopes Roundup
BUS18Business/Business/NationalMarkets end green on US bailout plan revival hopes RoundupMumbai, Oct 1IANS After an initial stutter, Indian equities markets fell in line with global markets and came back to finish in the green Wednesday on renewed hopes that the US $700 billion bailout plan will be revived.With news that the US Senate has decided to meet Wednesday to vote on a revised bailout plan after it was rejected by the House of Representatives Monday, all global markets bounced back Tuesday and Wednesday  read more
Posted by IANS on Thursday Oct 02
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