INTERNATIONAL G7 meet to focus on global recession Ottawa: Group of Seven (G7) Finance Ministers were gathering on February 8 in snow-blanketed Ottawa to fan faint sparks of recovery in the shaken world economy while dousing the flames of recession in Japan and financial crisis in Argentina.
NATIONAL ‘India is a favourable investment destination’ Rome: Terming India as a favourable investment destination, Commerce and Industry Minister Murasoli Maran on February 11 invited foreign direct investments (FDI) into the country, saying investors can take advantage of ''transparent, speedy and investor-friendly'' policies.
Budget may impose cess on insurance premium New Delhi: A cess on insurance premium is likely to be levied in the Budget to build a "catastrophe fund" for meeting exigencies such as terror strikes and national calamities.
Old economy scrips help SENSEX gain 22 pts Mumbai: Led by Hindustan Lever Limited (HLL), old-economy stocks rallied smartly lifting the SENSEX by about 22 points at close on the Bombay Stock Exchange (BSE) on February 11 on fairly good purchases by foreign institutional investors (FIIs) as well as retail investors.
IOC acquisition will ensure secured supply: IBP Kolkata: Indo-British Petroleum (IBP) & Co Limited, the oil marketing public sector undertaking (PSU) which had been recently acquired by Indian Oil Corporation (IOC) on disinvestment, is not going to worry about product sourcing any longer, its chairman S N Mathur said.
SENSEX rallies at early stages on hectic buying Mumbai: Hectic buying by retail investors coupled with fresh purchases by foreign funds ignited a smart rally in stocks aiding the SENSEX to shoot up at early stages on the Bombay Stock Exchange (BSE) on February 11.
