The Indian stock markets remained buoyant and close higher on Monday, for the seventh consecutive day, after an intraday volatile session.
During trading session, the Sensex surpassed the 11,000 mark while the Nifty tested the 3,400 level. BSE Sensex settled the day at 10,967, up 163 points or 1.51%, and Nifty ended up 40 points or 1.21% to 3,382.
Further, BSE Mid Caps and Small Caps also ended the day with gains of 106.57 and 147.61 points at 3,464.92 and 3,915.16 respectively.
Bank of Rajasthan, one of the oldest, fastest growing, technology driven and customer friendly private sector bank, has informed that it has tied up an alliance with DBS Cholamandalam Asset Management Ltd, to qualitatively enhance its reach in the category of mutual fund investors across the country.
According to a senior official, the tie-up is intended to fulfill the investment needs of Bank of Rajasthan customers, by helping them to reach their financial goals.
In a recent Confederation of Indian Industries (CII) report titled 'Global Economic Crisis: India's Recovery,' the industry body has said that it would be quite "unrealistic" to expect a high level of Foreign Direct Investment (FDI) into India in the face of the ongoing global economic crisis. As such, the CII anticipates that amid recession the Foreign Institutional Investor (FII) investments would be almost negligible.
With Member of Parliament Ajay Chakraborty allegedly complaining against Bharti Airtel with regard to its revenue reporting on its national long distance license (NLD), the company has come under the scrutiny of the Central Vigilance Commission (CVC).
Chakraborty has alleged that the under-reporting, "anti competitive practice of Bharti Airtel in long distance carriage" may well have resulted in Rs 100 crore yearly losses to the government.
Emphasizing that “Firming up a visa strategy is of utmost importance,” the industry body FICCI has said that in order to achieve the 10-million foreign tourists’ target prior to the 2010 Commonwealth Games, the Indian tourism sector needs to focus on an easy visa strategy, tourists’ security and infrastructural improvements.
Fortune Park Hotels Pvt Ltd has made announcement about the opening of four new hotels in India by July 2009.
A top company representative said that the wholly-owned subsidiary of ITC Ltd will be set up in Mussoorie, Jaipur, Bangalore and Manipal by July.
The hospitality firm also announced that it plans to build two such hotels in Bangalore and Coimbatore in the next two years with a total investment of Rs 120-150 crore.
The company opened Fortune Inn Grazia at Noida on Friday.
The Indian stock markets remained buoyant and close higher on Monday, for the seventh consecutive day, after an intraday volatile session.
Bank of Rajasthan, one of the oldest, fastest growing, technology driven and customer friendly private sector bank, has informed that it has tied up an alliance with DBS Cholamandalam Asset Management Ltd, to qualitatively enhance its reach in the category of mutual fund investors across the country.
In a recent Confederation of Indian Industries (CII) report titled 'Global Economic Crisis: India's Recovery,' the industry body has said that it would be quite "unrealistic" to expect a high level of Foreign Direct Investment (FDI) into India in the face of the ongoing global economic crisis. As such, the CII anticipates that amid recession the Foreign Institutional Investor (FII) investments would be almost negligible. 
With Member of Parliament Ajay Chakraborty allegedly complaining against Bharti Airtel with regard to its revenue reporting on its national long distance license (NLD), the company has come under the scrutiny of the Central Vigilance Commission (CVC). 
Emphasizing that “Firming up a visa strategy is of utmost importance,” the industry body FICCI has said that in order to achieve the 10-million foreign tourists’ target prior to the 2010 Commonwealth Games, the Indian tourism sector needs to focus on an easy visa strategy, tourists’ security and infrastructural improvements. 
Fortune Park Hotels Pvt Ltd has made announcement about the opening of four new hotels in India by July 2009.
