Mumbai

Team India arrives in Mumbai

Mumbai, Sept. 26 : The victorious Indian Twenty20 World Cup team led by skipper Mahendra Singh Dhoni today arrived at Sahar International Airport.

Thousands gathered at the airport to get the first glimpse of Team India, and the prestigious Twenty20 Championship trophy.

After getting a warm welcome at the airport, the world champions boarded an open-air bus, which will take them to the Wankhede Stadium in the form of a procession. BCCI officials, fans, and many VIP dignitaries are accompanying the team.

10-day Ganesha Chaturthi festival comes to an end

Mumbai, Sept 25 : Hundreds of thousands of devotees participated in the immersion ceremony of the idols of Lord Ganesha as the 10-day Ganesha Chaturthi festival came to an end today.

In Mumbai, thousands of people crowded the streets to see their beloved god being immersed amidst beating of drums. Men and women danced as they paid their respects to the god seeking his blessings.

Stock Market is ready to touch 17,000 levels

BSE benchmark index opened at 16,890.75 and quickly touched higher levels. The BSE Sensex touched a peak of 16, 915.91 in the opening trades. Selected stocks from auto and banking progressed, whereas cement, real estate and IT stocks chaired the declines.

Asian stocks opened up on a mixed note. Nikkei and Hang Seng skidded after yesterday’s holiday.

In early sessions, BSE Sensex was trading at 16,854.37, up 8.54 points, whereas NSE Nifty stood at 4,930.70, down 1.5 points. The BSE Midcap ascended 0.55%, while BSE Smallcap arose 0.39%.

IOC Draws Rs 43,250 Cr 5-Yr Plan For Capacity Expansion

Indian Oil
Mumbai: In order to promote its subsisting refineries, Indian Oil Corp. Ltd (IOC) has decided to invest Rs 43,250 crore by 2011-12.

The India’s biggest public sector oil marketer will utilize funds primarily to increase annual refining capacity to around 80 million tonnes by the next five years.

IOC will also establish refineries and petrochemical plants, and explore for acquirements out of the country in the next five years.

Consumer Price Index Will Also Come Down, Says Montek Singh Ahluwalia

Montek Singh

Mumbai: A top Government functionary said that the inflation rate based on the wholesale-price-index dropped, and the consumer price index (CPI) would also go down.

Montek Singh Ahluwalia, Deputy Chairman of Planning Commission said, “The wholesale price index (WPI) operates with a two-week lag and the CPI with a three-month lag....CPI will also come down.”

Mr. Ahluwalia said that bringing inflation down was a key sign of macro-economic success and the RBI has done this extremely well.

For the week ended September 8, inflation rate has dangled to 3.32 per cent from 5.22 per cent in the corresponding period of the last year (2006).

Ganesha festival brings Hindus and Muslims together

Mumbai, Sep 20 : In many areas of Mumbai, Muslims joined Hindus in celebration of Ganesha Chaturthi, the festival that marks the birthday of Lord Ganesha.

Dozens of Muslims prayed together with Hindus at many temples in the city, offering flowers and performing religious rituals.

The men belonging to the two communities have been visiting mosques and the temples to pray.

Salim Khan, a Muslim devotee said they are all one regardless of religion or caste.

'Outrageous' Launched By Sherlyn Chopra

Mumbai: Bollywood actress Sherlyn Chopra launched her album 'Outrageous' here last evening.

While speaking to news-persons, she told, “Outrageous is an attitude. It will speak the language of the gen-next youth. It brings to fore the deep hidden desires that every human being harbours inside but refuses to acknowledge. The USP of my album is that it promotes an attitude of being born free. It's okay to break the rules and follow your heart.”

Sherlyn has herself composed and written lyrics of her album 'Outrageous --The End of the Beginning.'

'Nanhe Jaisalmer' hits theatres

Mumbai, Sept 14: A unique Hindi movie depicting the bonding between an illiterate child and a Bollywood actor hit theatres on Friday.

Bobby Deol, who plays the Bollywood actor in the film said that he was feeling happy by associating himself with it.

"It's a feel good film and I am very happy that I am associated with this film and I am glad that I am part of this film," he said.

Franklin Templeton To Introduce 370-Day Debt Fund Today

Mumbai: FranklinFranklin Templeton Asset Management Templeton Asset Management (India) Pvt Ltd has stated that it will introduce Plan D under Templeton Fixed Horizon Fund-Series II today (September 12). The fund will have tenure of 370 days.

The fund house said the fund would invest in debt and money market tools. It would be open for initial subscription until September 17.
The fund will charge an exit load of up to 2.5% on redemptions before due date (maturity).

The information from Association of Mutual Funds in India showed that the fund house managed assets worth about Rs 30000 crore at the end of August.

Rupee Climbs On Firm Capital Flow Outlook

Mumbai: The rupee inched towards a nine-year high today, as dealers purchased the local unit on expectations for capitalists flows into the securities market, though worries about the fallout from the U.S. mortgage market restricted advancements.

At 9:45 a.m., the rupee stood at 40.69/70 a dollar, mounting from its previous close of 40.79/80. It beat a nine-year record of 40.20 in July.

LIC Jumps Into Credit Card Biz With GE Money

Life Insurance Corporation of India
Mumbai: Life Insurance Corporation of India (LIC) has defined clearly GE Money India, a subsidiary of one of the world’s leading credit services company, as one of the partners in its projected credit card venture.

LIC wants to leverage its 200 million base in order to tap chances in the credit card payment industry that in 2006-07 developed by 22 per cent to Rs 41,361 crore.

Jail Term For Alistair Pereira Increased

Alistair Pereira
A Mumbai businessman, who ran over seven pavement dwellers while driving drunk last year, was given rigorous imprisonment of three-year by the Bombay High Court which stated “he doesn’t deserve sympathy.”

The HC showed Pereira no pity sentencing him for causing death because of carelessness and grievous injuries.

Sanjay Dutt Temporarily Released For A Month

Sanjay DuttMumbai: Bollywood star Sanjay Dutt is breathing easy at the moment. He will remain out of prison for an additional month after the TADA court decided to provide the actor with a judgment copy sending him to lockup for six years in the Mumbai serial blasts case only on September 27.

Gold Price may touch $700 per ounce by the end of 2007

GoldGFMS CEO Paul Walker has predicted Gold price to touch $700 per ounce by the end of year. The reason behind this is weak outlook for the US dollar and sub-prime worries in United States. Mr. Walker further stated “The sub-prime issue is just the tip of the iceberg. It is symptomatic of a larger malaise in the system.” He was in Mumbai for fourth India International Gold Convention.

Indian Cricket Odyssey Begins: Team India Leaves For UK

Indian Cricket TeamMumbai - Wednesday, June 20, 2007
Steered by Skipper Rahul Dravid, the 15-member Indian squad left for London en route to Ireland for an 80-day cricket Odyssey early this morning.
The Team India is scheduled to play 4 ODIs in Ireland. The Maiden match will be played against the hosts on June 23 followed by 3 ODI clashes with South Africa.
On July 3, the Team India will cruise to Scotland to battle out with Pakistan in a one-off ODI clash at Glasgow. The proceeds of this match will go to the Prince Charles Charitable Trust.
Dravid’s Team will then move to take on England in a 3-Test series and 7 ODIs.




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