at the very Core of it all … is Content!
The Eight core industries have a combined weight of 37.90 per cent in the Index of Industrial Production (IIP). The combined Index was 144.9 in November 2012 with a growth rate of 1.8% compared to their 7.8% growth in November 2011. The decline in growth in November, 2012 was on account of negative growth witnessed in the …
The Ministry of Coal has initiated the process of allocation of Coal Blocks under the amended provisions of MMDR Act and Rules framed thereunder. In the first round the Government proposes to allocate coal blocks to the Government Companies/Undertakings(Central and State) for specific end use(power) and coal mining. Accordingly it has been decided to offer …
A decision was taken in the meeting of the National Committee on Direct Cash Transfers held by the Prime Minister that Direct Benefit Transfers will be rolled out from 1 January 2013 in 43 identified districts. The purpose of Direct Benefits Transfer is to ensure that benefits go to individuals bank accounts electronically, cutting down …
Are owners of FDC Ltd, one of the steadiest pharma companies in the midcap space, looking for an exit option? A report in the Economic Times dated December 24, 2012 seems to convey this impression. The promoters of FDC have been trying to buy back shares from the stock market for the last couple of years and at …
1. Venezuela IBC: 302.8% Venezuela’s abysmal inflation rate, which stood at 19.9 percent, is helping to juice stocks. A massive increase in government spending in the run-up to October’s presidential elections spurred consumption. 2. Turkey XU100: 53.3% Hot inflows of $15 to $20 billion in foreign direct investment have fueled this market’s growth. As well, …
A total of 621 042 572 new shares were subscribed for in Outokumpu Oyj’s directed share issue to ThyssenKrupp AG. This represents 29.9% of the outstanding shares of Outokumpu immediately following the completion of the directed share issue. These new shares were registered with the Finnish Trade Register today, on December 31, 2012. These new …
Outokumpu Oyj (business identity code: 0215254-2) has received a notification based on Chapter 2, Section 9 of the Finnish Securities Market Act from Ilmarinen Mutual Pension Insurance Company (business identity code: 0107638-1). Such notification by Ilmarinen contains the following information: Due to the share subscription made by ThyssenKrupp on December 28, 2012 and the registration …
Competition Commission of India (CCI) – Promoting Fair Competition for the Consumers. Free and fair competition is one of the pillars of an efficient market economy. Therefore, competition has become a driving force in the global economy. In India, Competition Commission of India (CCI) was set up in March, 2009 under the Competition Act, 2002 to protect …
Despite negative signals from the global economy, the number of foreign tourist arrivals in the country in 2012 (up to November) showed an increase of about 6 % over the same period of 2011. During the period January- November 2012, 58.99 lakh tourists visited India against 55.72 lakh in 2011.Similarly foreign exchange earnings from tourismin rupee terms during 2012 ( …
Steel Sector Trends India has become the 4th largest producer of crude steel in the world as against the 8th position in 2003 and is expected to become the 2nd largest producer of crude steel in the world by 2015. India continues to maintain its lead position as the world’s largest producer of Direct Reduced Iron (DRI) or …