NATIONAL India among top four FDI destinations in Asia: UNCTAD UNCTAD today (Sep 22, 2004) placed India among the top four Asian FDI (Foreign Direct Investment) destinations and said it will get more foreign investment flows as global economy rebounds this year.
In its 2004 World Investment Report released in New Delhi, UNCTAD said world FDI flows have shifted from manufacturing to services, cornering nearly 70 per cent of the FDI.
SEBI bars Matrix Web owner from capital market deals Securities and Exchange Board of India (SEBI) has barred Krishna Hullatti, proprietor of Bangalore-based Matrix Web, from dealing in the capital market, with immediate effect.
High oil prices may pull down India's GDP growth: ADB India's economic growth is likely to slow down to 6.5 per cent this fiscal and to 6 per cent in the subsequent year mainly due to high oil prices, which reactivated inflation, the Asian Development Bank (ADB) said today (Sep 22, 2004).
Maruti turns table in favour of bulls, Sensex up 11 pts Market sentiment cheered up by the positive news about Government's amicable settlement with Suzuki Motor Corporation, lifted the sensex by 10.94 points to close at 5616.87 on the stock exchange in Mumbai today (Sep 22, 2004) on good buying support.
Aviva Plc to hire about 3,300 in India and Sri Lanka Aviva Plc, the fifth largest insurer globally, will hire about 3,300 more people in India and Sri Lanka by 2007, as part of its strategy to outsource some of its life and non-life services.
Infrastructure sector grows 4.4 per cent in August India's key infrastructure industries posted a handsome growth of 4.4 per cent in August on the back of a surge in electricity generation, and production of crude oil and petroleum products.
Suzuki, Govt reach agreement over second factory Suzuki Motor Corp is believed to have reached an agreement with the Government on its plans to set up a second Indian factory, which many had viewed as violative of the Japanese firm's existing contract terms with its local car-making affiliate Maruti Udyog Ltd (MUL).
