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Healthy gains for Smart Portfolios
The markets rose steadily for the better part of the week on news of robust GDP numbers and allaying of fears on the Dubai repayment crisis. The S&P CNX 500 index rose over 4 per cent to 4,239, thereby taking the benchmark’s portfolio value higher to Rs 11.04 lakh as against Rs 10.60 lakh in the preceding week.

Govt may sell wheat/rice in open market at cheaper rates
The Union Government may reduce the price of wheat and rice it plans to sell in the open market to check food inflation, after an earlier sale received poor response possibly due to high rates quoted by it.

News of the day

Tata Power completes FCCB allotment
Tata Power today announced the completion of allotment of $300 million Foreign Currency Convertible Bonds (FCCBs) on November 20.
Business Opportunities

Centre's policy is to strengthen PSUs: Pranab

Describing reports that government was trying to privatise the public sector as a "malicious propaganda", Union Finance Minister Pranab Mukherjee today said the Centre"s policy was to strengthen PSUs and not weaken them. Such propaganda is "far from truth", Mukherjee said in his inaugural address at the 29th national conference of the Indian National Trade Union Congress (INTUC), the trade union wing of the Congress, here.


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