Thursday April 17, 2008

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Indian mkt not vulnerable to global devts 

New York, April 16:
Amid fear of global slowdown and its impact on the world economy, the RBI has said that Indian financial market is not vulnerable to overseas development.
 
Sensex ends up 90pts, Infosys gains 6% 

Mumbai April 16:
The Sensex opened with a positive gap of 135 points at 16,289. Follow-up buying in technology stocks saw the index touch a high of 16,414 in early trades.
 
Bharti Retail opens convenience stores 

Mumbai, April 16:
Bharti Retail Ltd, a subsidiary of Bharti Enterprises, has launched its first food and grocery stores ahead of the roll-out of its wholesale centres that are being set up with Wal-Mart Stores Inc.
 
BEL posts Rs 1,109cr pre-tax profit  

Bangalore, April 16:
Bharat Electronics Ltd. (BEL) registered a turnover of Rs. 4,114 crore in 2007-08 and a pre-tax profit of Rs. 1,109 crore.
 
India targets 500 mn subscribers by 2010 

Kochi, April 16:
Given the explosive growth in mobile communications, India through its use of variety of wireless technologies is aiming to reach 500 million subscribers by 2010.
 
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